Companies across Ireland are expected to benefit from cheaper financing following a new EUR 200m initiative agreed in Dublin today by the European Investment Bank and DLL, a global vendor finance company and 100% subsidiary of Rabobank. The new scheme will strengthen leasing and financing for SMEs and mid-cap companies active in agri-business and the food industry, construction, transport and other sectors.
The scheme will be managed in Ireland by DLL Ireland DAC. It will be supported by a EUR 100m EIB loan with additional financing matched by DLL. This represents the largest EIB support for investment by Irish companies with a commercial financing partner for six years.
“The European Investment Bank is pleased to strengthen successful cooperation with DLL to support EUR 200 million of new investment by Irish companies. Food, agri-business and construction companies across Ireland will be able to grasp new business opportunities and expand activity with the significant new financing being made available today.” said Andrew McDowell, European Investment Bank Vice President.