Dáil Éireann Debate, Tuesday - 1 December 2020
201. Deputy Cian O'Callaghan asked the Minister for Finance the list of projects funded by the Ireland Strategic Investment Fund and a company (details supplied); and if he will make a statement on the matter. [39557/20]
Amharc ar fhreagraThe Ireland Strategic Investment Fund (ISIF) has informed me that many of the questions raised by the Deputy are commercial matters relating to Activate Capital, therefore it is not appropriate for me to comment on them as Minister for Finance.
However, I am happy to say that the ISIF has committed €450m to Activate Capital, a senior lending platform which funds residential development projects in Ireland.
Since inception, Activate funding has supported the completion of 1,320 new homes.
I am further informed that Activate currently has 23 sites in production, all sites funded to date have the capacity to deliver over 14,500 units.
Since 2019, Activate Capital has broadened out its funding base with the addition of a large European pension group in October 2019 and a US investment fund in November 2020, alongside the existing investor base of ISIF and KKR.
