Nadia Calvino: Ireland is a success story of what EU membership can bring

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European-Investment-Bank News

European-Union

The European Investment Bank has provided €1.6bn to finance a diverse range of projects in Ireland, from student accommodation to home energy upgrades to major infrastructure projects

In 2018, the European Investment Bank provided a 30-year €100 million loan for four capital developments at Trinity College in Dublin, including new student accommodation at its site in Dartry.Last year, the European Investment Bank Group provided a record €1.6 billion in new financing in Ireland. This is helping companies innovate, expand and create skilled jobs. It is providing new homes, increasing renewable energy generation and supporting education.

We are also investing significantly in housing, which is a challenge in almost all of the member states of the EU. And we are accompanying industry and households in their green transition. This is done through individual projects, from small venture capital investments in cleantech start-ups to large infrastructures, such as the Celtic interconnector with France or the deployment of offshore wind.Rents likely to rise as supply of new units slows down subscribers – Daft.

This is not a plan for the future. It is a present necessity to ensure our security and strategic autonomy. It really is a no-brainer. Working closely with government agencies, and also Irish business and financial partners, the EIB Group can provide its know-how where it is most needed Addressing housing shortages and combating climate change are pressing issues for almost all European countries today. And the European Investment Bank Group has a key role to play in tackling them in an efficient and effective manner.

 

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