Fund profile
Western Development Commission
Ballaghaderreen, Ireland
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About
The Western Development Commission (WDC), headquartered in Ballaghaderreen, Ireland, is a state agency dedicated to promoting social and economic development in the Western Region, covering counties such as Donegal, Leitrim, Sligo, Mayo, Roscommon, Galway, and Clare. The WDC provides both equity finance and loans to businesses, community projects, and social enterprises, aiming to foster innovation and growth in these areas. In 2023, WDC reported a record year of investments, with notable funding going to companies like Peroptyx (€500,000), Xerotech (€1.5 million), and Hooke Bio (€400,000). They also invested €200,000 in Magamedia for the TV series "Obituary" filmed in Donegal. Other portfolio companies include Achill Island Sea Salt, AeroGen, Éire Composites, and Neuravi, highlighting WDC’s focus on sectors such as renewable energy, healthcare, and innovative manufacturing. The WDC supports its investments through a combination of commercial interest loans and strategic guidance, aiming to create a significant socio-economic impact in the Western Region.
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