The Irish Infrastructure Fund’s (IIF) Valley Healthcare business has received a €110m loan from AIB to help build new primary care centres.

The IIF, an investment fund created in 2011 and managed by AMP Capital and Irish Life Investment Managers, said Valley plans to use the debt facility from the financial services firm to build new centres and deliver healthcare services to underserved communities in Clare, Tipperary, Kilkenny, Dublin and Cork.

Tanya Twomey, head of primary care at AIB corporate banking, said the partnership with Valley will aid enhanced community-based healthcare delivery across all aspects of primary care.

Philip Doyle, principal of the Irish Infrastructure Fund and a director of Valley, said: “AIB and the Irish Infrastructure Fund are aligned in our aim to support the Irish economy and ensure the provision of essential services – particularly at this very challenging time.

“The support of AIB is a great boost for Valley Healthcare and will allow us to continue expanding its services, which have grown rapidly over the last three years.”

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