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Labour's Plan for a Strategic Investment Bank

Posted on February 06, 2011 at 01:52 PM

Launching our Plan for a Strategic Investment Bank - Director of Elections, Deputy Ruairi Quinn, Anne Ferris and Deputy Joan Burton at the launch of our Plan for a Strategic Investment Bank.
Director of Elections, Deputy Ruairi Quinn, Anne Ferris and Deputy Joan Burton at the launch of our Plan for a Strategic Investment Bank.

"Ireland has grave economic challenges, but far greater economic opportunities," said Labour Finance Spokesperson Joan Burton TD, at the launch of our new Policy Document; Plan for a Strategic Investment Bank.

"With the right policies, there is a bright future for the Irish economy as a vibrant, open, trading economy that creates jobs and opportunities for our people."

Accompanied by one of Labour's candidates for Wicklow, Anne Ferris, she outlined a bold plan to inject new life into the Irish economy.

"Labour is proposing the establishment of a Strategic Investment Bank in two phases. During its initial phase Labour's Strategic Investment Bank will act as an investment vehicle to channel funds (approximately €2.8 billion) from the National Pension Reserve Fund. It will focus on projects that will enhance infrastructure, boost growth and generate employment in the Irish economy. It will channel much needed start-up and scale up finance to the SME sector.

"By establishing a Strategic Investment Bank, Labour will create a wealth-generating productive legacy that will play a key role in Ireland's long-term prosperity."

You can download our Plan for a Strategic Investment Bank from our policy section.

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