Irish firms wanting to scale up face €1.1bn funding gap over next five years
Enterprise minister Peter Burke said one of the key challenges for enterprises across the country was 'accessing capital', and 'it can be the reason preventing them from realising their potential and growing into large, even multinational, businesses'. Picture: Leah Farrell/ RollingNews.ie
Irish enterprises who are looking to scale up their operations will experience a funding gap of about €1.1bn over the next three to five years given the small size of investment funds available, a new report has found.
According to the report, commissioned by the Department of Enterprise from the SQW Economic Research Consultants, the funding gap is particularly acute in areas where deals are valued between €5m to €10m range, as well funding for capital and research and development intensive sectors, and long-term investments, particularly in areas where product development can be lengthy.
