Irish delegation to discuss how to access EU loans for small enterprises

BUSINESS representatives are meeting key European Investment Bank (EIB) personnel today to discuss how best to access the bank’s €15 billion loan facility for small and medium-sized enterprises (SMEs).

The visit to the Luxembourg headquarters of the EU-owned bank has been organised by Dublin Fianna Fáil MEP Eoin Ryan, who is also a member of the economics committee of the European Parliament.

Ahead of today’s meeting Mr Ryan said that Irish banks and businesses must gain access to the funding available for SMEs, to the greatest possible extent, especially now given the current economic climate.