Start-ups get funding boost as EU to provide €30m to entrepreneurs European Investment Fund agrees deal with Microfinance Ireland to back 2,100 firms

The European Investment Fund, whose aim is to back so-called ‘micro-enterprises,’ has signed an agreement with the State-backed not-for-profit Microfinance Ireland to support more than 2,000 Irish start-ups over the next five years.

A microenterprise is defined as a company with fewer than 10 employees and an annual turnover of less than €2 million.

Chief executive Garrett Stokes estimated that the new agreement would help it create and sustain more than 4,000 jobs over the next five years. Read more here→