Ibec seeks €10bn infrastructure fund in Budget 2024 

In its pre-budget submission, employers' group says such a fund would send a signal to investors that Ireland was addressing its infrastructure deficit

Ibec's Fergal O'Brien said member firms were voicing 'frustration' about capital projects failing to get the go-ahead, despite substantial exchequer funds. File picture

Ibec has put its weight behind the Government injecting billions of euro into a new infrastructure fund which the business group says will ensure much needed capital projects will get built, no matter how the economy performs in future years.

In a key part of a submission ahead of October’s budget, the employers’ body foresees the capital fund growing to around €10bn by the end of next year, boosted by the €6bn already in the National Reserve Fund, and increasing in size in future years.