Cabinet to discuss €6bn strategic investment fund

Sunday 14 April 2013 22.22
Pat Rabbitte said there is still not adequate funding coming from the banking sector
Pat Rabbitte said there is still not adequate funding coming from the banking sector

The Cabinet will meet on Tuesday to consider a €6 billion strategic investment fund.

The fund will draw on the cash remaining in the National Pension Reserve Fund.

Speaking on RTÉ’s The Week in Politics, Minister for Communications Pat Rabbitte said the fund will be operated commercially.

It is designed to help boost the economy and get people back to work.

Mr Rabbitte said there is still not adequate funding coming from the banking sector.

He said the idea of the fund is provide another source of finance.