€300m fund to support investment in health

A €300m fund to support investment in the healthcare sector and meet the future needs of Ireland’s ageing population is set to be announced today.

Allied Irish Banks’ Healthcare Fund is aimed at providing funding for healthcare services and capital investment projects in the sector.

With the number of people over 65 expected to increase by 200,000 over the next seven years, it is expected that up to 10,000 additional jobs could be created as research indicates demand for 8,000 new nursing home places by 2021.