The Ireland Strategic Investment Fund invested €759m in Irish companies and projects last year, bringing its total commitment to €2.2bn by the end of 2015.

The Fund holds investments in 108 Irish companies and projects, with firms supported by this investment activity employing almost 18,000 people and generating annual revenues of €1.2bn for 2015.

An additional 5,935 jobs were supported by the Fund’s investment activity last year, mostly in the SME sector.

The Gross Value Added (GVA) of the Fund’s investments – a key measure of their economic impact – was €538m at end 2015.

Director of the Ireland Strategic Investment Fund Eugene O’Callaghan said: “In addition to the economic benefit metrics shown in today’s report, the Fund is supporting the long-term productivity and competitiveness of the economy in a number of important ways that aren’t captured by these headline figures.

“For example, we have committed to projects with the capacity to supply clean renewable energy to 150,000 homes annually. We have backed ventures that have advanced finance to build in excess of 4000 residential units and have the potential to fund many more,” he added.