Strategic fund’s investments stall

The Government’s investment fund, tasked with supporting economic activity and creating jobs, has invested just over 2.5% of the €6.8bn in available funds in the past nine months.

The Ireland Strategic Investment Fund (ISIF), which replaced the National Pensions Reserve Fund, has committed €1.4bn worth of funds to date — €1.22bn of which had already been earmarked for projects when the fund was launched in May.

In the interim nine months, just €181m additional funding has been made available to projects, including a €50m top-up for Irish Water.