- BMS Finance - a UK-based SME finance specialist and a subsidiary of GLI Finance - has launched a dedicated EUR30 million fund to provide growth capital to SMEs in the Irish market.

The fund, BMS Finance Ireland, will provide debt finance to high-growth Irish SMEs for working capital, contract wins, capital expenditure, acquisitions and MBOs.

BMS Finance Ireland is backed by investors including GLIF who have a 40.7% interest and the Ireland Strategic Investment Fund.

The Ireland Strategic Investment Fund (€7.8 billion) has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity in Ireland. It is controlled and managed by the National Treasury Management Agency (NTMA).

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