Western Development Commission

The Western Development Commission (WDC) is an Irish statutory body established to foster economic and social development across the Western Region of Ireland. While its mandate is broad, a significant aspect of its activity involves direct investment in businesses through its dedicated fund, the Western Investment Fund (WIF). This evergreen fund, initially capitalized at €75 million, serves as a crucial source of risk capital for small and medium-sized enterprises (SMEs) and social enterprises operating within counties such as Clare, Donegal, Galway, Leitrim, Mayo, Roscommon, Sligo, and parts of Limerick and Tipperary. The WDC's investment strategy through the WIF is designed to address market failures in the provision of finance, thereby stimulating job creation and sustainable economic growth in the region.

The Western Investment Fund typically provides funding in the form of equity or loan finance, catering to businesses that demonstrate strong growth potential and a positive impact on the local economy. Since its inception, the WIF has made investments in over 100 businesses, spanning diverse sectors including technology, manufacturing, food and drink, tourism, and various services. The WDC aims to support companies with robust management teams and clear pathways to scalability. Their typical first cheque sizes range from €100,000 to €750,000, though they possess the flexibility to consider larger investments for exceptional opportunities that align closely with their strategic objectives for regional development.

Beyond providing capital, the WDC leverages its expertise and network to support portfolio companies, contributing to their long-term success. Their approach is rooted in a commitment to balanced regional development, ensuring that investment opportunities are cultivated and nurtured outside of Ireland's traditional economic hubs. By strategically deploying the Western Investment Fund, the WDC plays a vital role in building a resilient and dynamic economic landscape across the west of Ireland, fostering innovation and creating sustainable employment opportunities.