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.