New figures from the Western Development Commission have found that €31.75m of investment from the Government in 2001, into the Western Investment Fund, has been converted into nearly €11bn of economic activity over 25 years.
The Western Investment Fund invests on fully commercial terms across counties Donegal, Sligo, Leitrim, Roscommon, Mayo, Galway and Clare.
Figures from the WDC report show that the fund has returned €635m to the exchequer and today directly supports 6,108 full-time jobs in the western region, rising to 11,535 across the wider Irish economy.
The report also shows that the value of the Western Investment Fund now sits at approximately €120m, four times more than the initial state funding.
