Largest-ever European Investment Bank support for Irish agri-business

in news •  6 years ago 

The European Commission has announced what it describes as the European Investment Bank's largest-ever support for agri-business in Ireland.

Belfast-based agri-technology company Devenish Nutrition has secured €118m in long-term funding to enable its research, development and growth plans.

The EIB loan of €40m will enable the company to develop a purpose-built Global Innovation Centre in Dowth, County Meath.


Richard Kennedy, Group CEO at Devenish, Andrew McDowell, Vice President of the European Investment Bank and Owen Brennan, Chairman of Devenish


Richard Kennedy, Group CEO of Devenish, said: 

“This major financial boost marks a most significant milestone for Devenish as we seek to realise our vision of becoming the world’s leading provider of integrated animal, human and environmental health solutions.


“This funding will be invested in the business to build and grow our research & development and manufacturing capabilities as well as facilitate our mergers and acquisitions activity.


“We take great pride that EIB have the confidence to support not just the future of Devenish, but the future of the Irish agri-food sector overall.”


The investment is backed by other finance partners Ulster Bank and Danske Bank.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @squick! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @squick! You received a personal award!

1 Year on Steemit

Click here to view your Board

Do not miss the last post from @steemitboard:

Christmas Challenge - Send a gift to to your friends

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @squick! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!