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Pandemic Stabilisation and Recovery Fund

Pandemic Stabilisation and Recovery Fund

Supporting Irish businesses aftected by the COVID-19 pandemic

Pandemic Stabilisation and Recovery Fund (PSRF)

The COVID-19 pandemic has created significant challenges for businesses in Ireland with job losses, worldwide disruption and widespread uncertainty. In response to this the Pandemic Stabilisation and Recovery Fund (PSRF) has been set up as a sub-portfolio within the Ireland Strategic Investment Fund (ISIF). ISIF has made available up to €2 billion to the PSRF. The focus of which is to invest on a commercial basis in medium and large scale enterprises, which are significant employers, and which have been negatively and materially impacted by the pandemic.


As a sub-fund of ISIF, the PSRF operates within the existing ISIF statutory “double bottom line” mandate, with a particular investment focus on businesses impacted by the pandemic, and those critical to Ireland’s ability to respond to the pandemic


The focus will be on enterprises employing more than 250 employees or with annual turnover in excess of €50 million. Enterprises must be able to demonstrate their business was commercially viable prior to the COVID-19 pandemic, and that they can return to viability and contribute to the Irish economy. ISIF may consider investing in enterprises below these levels if they are assessed to be of substantial scale and of significant importance at national or regional level . Investments will need to yield a commercial and economic impact return in line with ISIF’s statutory requirements. ISIF's investment approach will be complementary to other Government policy initiatives via agencies such as SBCI and Enterprise Ireland.

Commercial return and economic impact remain core to the ISIF mandate. ISIF will only invest on a commercial basis, in enterprises that present viable business models in the medium to long term. ISIF’s economic impact focus will shift more towards near term economic stimulation and employment, with a view to support stabilisation and recovery of the Irish economy. ISIF will invest on a commercial basis to enable otherwise viable medium and large scale businesses to sustain themselves in the near term, irrespective of their sector, and for these businesses to deliver ongoing growth through their ability to persist and support employment over the medium term.

ISIF will prioritise investment in medium to large scale enterprises that employ in excess of 250 employees or that have annual turnover in excess of €50 million. ISIF will seek to invest in businesses that have been clearly and materially impacted by the pandemic and are of scale in terms of employment and economic activity, or are of national or regional significance. ISIF will consider investment in enterprises below these levels if they are deemed to be of substantial scale and of significant importance at a national or regional level.

All sectors will be considered subject to ISIF's Responsible Investment Policies. The business does not currently need to align with ISIF's existing Priority Themes of Regional Development, Housing, Indigenous Businesses, Climate Change and Brexit

Businesses must have proven business models that were viable and profitable prior to the impact of Covid-19 and must be assessed to have a viable long term future post COVID-19.

ISIF will continue to engage with and support its existing investments through this period.

Access to PSRF

If you think your business would be suitable for PSRF investment please contact us at psrf@isif.ie

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