AIB

2022 - 5 - 9

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Image courtesy of "The Irish Times"

AIB sets up SME equity fund with UK form Foresight to speed green ... (The Irish Times)

AIB has joined forces with Foresight Group, UK-based sustainable infrastructure investment manager, to set up a €75 million fund to invest in equity in ...

AIB said in a trading update last Thursday that green lending, including discount-rate mortgages for homes with high energy ratings, renewables, and funding to companies for specific projects, accounted for 22 per cent of the group’s €2.8 billion of new lending in the first quarter of this year. “We are delighted to be working with AIB in a partnership that will see us open an office in Dublin and support Irish SMEs across the whole decarbonisation agenda. The AIB Foresight SME Impact Fund will typically provide equity investments of €2 million to €5 million but it will have the ability to make larger or smaller investments, the companies said in a joint statement on Monday.

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Image courtesy of "Siliconrepublic.com"

New AIB fund for Irish SMEs playing a role in the green transition (Siliconrepublic.com)

London-based Foresight Group will help raise and manage the €75m fund for SMEs, which already has a €30m investment from AIB.

Our ambition is that green and transition lending will account for 70pc of new lending by 2030,” she said. “AIB is committed to supporting the transition to a low-carbon economy, reducing our own carbon footprint and helping our customers to do the same. Livingston added that the partnership with AIB will see the London-based investment group open a brand new Dublin office soon.

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Image courtesy of "Independent.ie"

AIB and UK investment firm Foresight launch €75m small business ... (Independent.ie)

The Irish lender is to provide €30m towards the AIB Foresight SME Impact Fund to support small and medium enterprises (SMEs) helping Ireland's transition to a ...

We look forward to announcing further progress on the partnership shortly.” In 2021, its private equity funds created more than 500 high-quality, sustainable jobs across the UK. The Irish lender is to provide €30m towards the AIB Foresight SME Impact Fund to support small and medium enterprises (SMEs) helping Ireland’s transition to a low-carbon economy, it said in a statement Monday.

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Image courtesy of "Finextra"

AIB and Foresight Group sustainable equity fund sets €75 million ... (Finextra)

Ireland's largest financial services provider, AIB, has appointed SME and sustainable infrastructure investment manager, Foresight Group, to manage a new ...

James Livingston, partner, Foresight, adds: “We are delighted to be working with AIB in a partnership that will see us open an office in Dublin and support Irish SMEs across the whole decarbonisation agenda. “Our ambition is that green and transition lending will account for 70% of new lending by 2030,” Bryce continued. “But as well as acting through lending, AIB is ensuring equity has a key role to play in backing the green businesses of the future.

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Image courtesy of "The Irish Times"

AIB sets up SME equity fund with UK form Foresight to speed green ... (The Irish Times)

AIB has joined forces with Foresight Group, a UK-based sustainable infrastructure investment manager, to set up a €75 million fund to invest in equity in ...

AIB said in a trading update last Thursday that green lending, including discount-rate mortgages for homes with high energy ratings, renewables, and funding to companies for specific projects, accounted for 22 per cent of the group’s €2.8 billion of new lending in the first quarter of this year. “We are delighted to be working with AIB in a partnership that will see us open an office in Dublin and support Irish SMEs across the whole decarbonisation agenda. The AIB Foresight SME Impact Fund will typically provide equity investments of €2 million to €5 million but it will have the ability to make larger or smaller investments, the companies said in a joint statement on Monday.

Post cover
Image courtesy of "The Irish Times"

AIB sets up SME equity fund with Foresight to speed green transition (The Irish Times)

Bank provides cornerstone investment of €30 million in partnership with UK firm.

AIB said in a trading update last Thursday that green lending, including discount-rate mortgages for homes with high energy ratings, renewables and funding to companies for specific projects, accounted for 22 per cent of the group’s €2.8 billion of new lending in the first quarter of this year. “We are delighted to be working with AIB in a partnership that will see us open an office in Dublin and support Irish SMEs across the whole decarbonisation agenda. The AIB Foresight SME Impact Fund will typically provide equity investments of €2 million to €5 million but it will have the ability to make larger or smaller investments, the companies said in a joint statement on Monday.

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