The Western Investment Fund has generated almost €11bn in economic activity since it was first launched 25 years ago.
That's according to a new report launched by the Western Development Commission.
The Western Investment Fund invests on a fully commercial basis across Galway, Mayo, Roscommon, Clare, Sligo, Donegal and Leitrim.
It began in 2001 with an outlay of almost €32m in state funding, and since then has generated €10.8bn in economy wide revenue, and returned €635m to the exchequer.
That's according to a new report compiled by Indecon International Economic and Strategic Consultants on behalf of the Western Development Commission.
It notes the fund today directly supports more than 6,100 full time jobs in the Western Region, and that rises to 11,500 when looking at the wider Irish economy.
The report further shows the Western Investment Fund has grown to a current fair value of €120m, four times the original state funding.
Launching the report, Minister Dara Calleary praised the fund's vital role in unlocking economic potential across the Western Region.
Every investment, he says, represents jobs created, families supported, and communities strengthened - and demonstrates that rural Ireland can be a place to live, innovate, invest and succeed.
