The SBCI has long-term funding agreements with:
- The European Investment Bank (EIB)
The EIB is the European Union’s bank. A key priority of the EIB is to provide financing to small businesses. It generally finances between 30% and 50% of a project.
- The Ireland Strategic Investment Fund (ISIF)
The ISIF (a fund to which the assets of the National Pensions Reserve Fund were transferred) has provided initial funding to the SBCI. The ISIF was established in December 2014 to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.
- Council of Europe Development Bank (CEB)
The CEB is a multilateral development bank with an exclusively social mandate. Through the provision of financing and technical expertise for projects with a high social impact in its member states, it actively promotes social cohesion and strengthens social integration in Europe.
- Funding and Debt Management unit of the National Treasury Management Agency (NTMA)
The Funding and Debt Management business area of the NTMA is responsible for borrowing on behalf of the Government and managing the national debt in order to ensure liquidity for the Exchequer and to minimise the interest burden over the medium-term.
The lower-cost funding provided by our partners is passed on to SMEs in the form of a reduced, more competitive funding cost than is usually available in the Irish market.
Further funding sources could be added in the future.