BPFI welcomes the announcement of equity finance programme
Banking & Payments Federation Ireland (BPFI) welcomes today’s announcement from the Tánaiste and Minister for Finance, Simon Harris TD, and the Minister for Housing James Browne TD, on a significant extension to the Ireland Strategic Investment Fund (ISIF) funding programme to deliver new homes, with an additional €400m equity programme.
To increase the impact of this new programme, ISIF will work with the national banking sector as it makes available up to €200m in additional equity finance above the €400m from ISIF. This collaboration will seek to scale existing products and develop additional solutions, including for SME homebuilders, to enable the delivery of increased housing across all tenure and dwelling types.
In addition to the equity funding, this collaboration will also provide a mentorship programme to SME developers in cooperation with the banks, Enterprise Ireland, the Department of Enterprise, Tourism and Employment and their representative bodies.
Brian Hayes, Chief Executive of BPFI said: “The banking sector is committed to playing its part in addressing Ireland’s housing challenge and is already a key contributor to housing delivery through the provision of debt and equity financing. Today’s announcement, which will see AIB and Bank of Ireland commit to investing further equity funding in housebuilding, while working closely with ISIF, will unlock additional finance for homebuilders. This will help accelerate delivery of viable projects and ensure that equity and debt solutions work together to accelerate housing delivery. We look forward to working closely with Government and ISIF on the rollout of the programme in 2026.”
Read the full statement from the Department of Finance here: Tánaiste and Minister for Housing announce extension to ISIF’s homes funding programme with additional €600 million investment
