WIF – 20 Years of Impactful investing
Delivering significant impact in the Western region. Companies supported by the Western Investment Fund have achieved major success in Irish and export markets.
Delivering significant impact in the Western region. Companies supported by the Western Investment Fund have achieved major success in Irish and export markets.
Companies supported by the Western Investment Fund have achieved major success in Irish and export markets. Over the period 2001 to 2020, over €61 million has been invested/lent by the WIF across the region. This has resulted in an impressive contribution to economic activity in the Western Region and has made a significant contribution to the national economy.
The Western Investment Fund has had a significant economic and social impact on the Western Region since its inception. The empirical evidence examined show that over the 20 years from 2001 to 2020 companies supported by the WIF have:
€3.28b
Economy-wide impact
€1.07b
Direct Gross Value Added
€276m
Financial return to the Exchequer
2,800
Companies and organisations directly supported
The Business Investment Fund (BIF) is the largest of several WIF sub-funds, accounting for over 40% of projects and over 76% of the amount disbursed. This fund provides equity investment and loan finance to SMEs in the Western Region.
Without the support of the Western Development Commission, we wouldn’t be here. They took a share in the business and gave us a loan. They were essential, without them we wouldn’t have been able to set up the factory.
Marjorie O’Malley
The fund has enabled almost 100 social enterprises and community organisations, the vast majority (95%) in rural areas, to develop new facilities, offer new services/events to their communities, refurbish existing facilities, retain existing members and attract new members. Many of the organisations and projects funded are multi-purpose community facilities and are linked to enterprise space, sport and recreation, childcare and other users.
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100
Social enterprises and community organisations enabled to develop new facilities and services
80%
of respondents indicated that there was a benefit supporting the retention of graduates
1
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How we help
The experienced team led by Investment Manager Gillian Buckley are here to help, support and guide you through the application process. We have staff in 3 regional offices Sligo, Roscommon and Galway.
Investment Manager
Investment Executive
Investment Executive
Finance Officer