About IDLF

Find out more about our history, mission and who we are.

Who Are We?

  • The IDLF is a senior debt fund regulated and authorised by the Central Bank of Ireland.
  • We were the first Investment Fund established exclusively for the purpose of the Irish Immigrant Investor Programme (IIP).
  • The Irish Government created the Immigrant Investor Programme (IIP) to facilitate non-EEA nationals and their families to secure residency status in Ireland.

Investing in Ireland

The IDLF provides lower cost, asset-secured finance to the Irish hotel, social housing and elder care sectors.

Loans are provided to suitable Irish projects on more favourable terms compared with traditional banking institutions. Loans are provided on a fixed 5-year term.

In return for lower cost finance, the investee is required to spend the financial savings on upgrading the asset (building an extension, refurbishing bedrooms, new facilities, etc.), and also to demonstrate to the IDLF the growth in employment during the 5-year term.

If you wish to invest and apply for residency in Ireland, IDLF can help you.

We are an attractive option to investors who seek a low-risk, reputable and highly regulated investment opportunity. We are proud of our 100% approval rate for IIP applicants.

Vision & Mission

  • At IDLF our mission is to provide you with all the information you need to make an informed decision.
  • We promise to be honest, professional and transparent. Providing the highest standard of customer services is very important to us as we are honoured to showcase Ireland to you.
  • We will support you through each stage of the IIP application process ensuring a successful outcome.
  • When you visit Ireland we will be there to welcome you and provide assistance. As the fund is approved by the Central Bank your investment is managed by a team of regulated professionals.
  • Providing you with a friendly and positive experience should you decide to reside in Ireland is our mission.
  • Our team will support your family long after your application is complete. We will help you to source business opportunities, to pursue a new home for your family and the right schools and colleges for your children.

Board of Directors

John Bruton

Former Prime Minister of Ireland

Mr. Bruton is a former Irish Prime Minister (Taoiseach), who helped transform the Irish economy after he took office in 1994. During his time as Taoiseach (1994-1997), the Irish economy grew at an annual average rate of 8.7%, peaking at 11.1% in 1997, when it was firmly in what is known as the ‘Celtic Tiger’. Bruton also served as EU Ambassador in Washington from 2004 to 2009, meeting with the President and former Presidents of the United States, as well as countless visits with governors, mayors, business leaders and students in most US states to illustrate that the expanding European Union is good for the US economy and good for American jobs. He has been on the IDLF Board of Directors since 2015.

Richard Horlick

Former Head of Investments, Schroders Plc

Mr. Horlick was a Board Director of Schroders plc; where he was Head of Investments and a member of the General Management Committee. From 1994 to 2002, Mr. Horlick was President and Chief Executive Officer of Fidelity Management Trust. Mr. Horlick was President of Institutional Business in London, responsible for the investment and development of Fidelity’s institutional business outside of the US and was a member of the operating committee of Fidelity International. He graduated from Cambridge University with an M.A. in Modern History.

Joanna Murphy

Chief Executive Officer of ConnectIreland

Mrs. Murphy is Board Member and CEO of the Irish Diaspora Loan Fund, Chief Executive Officer of Taxback.com and Director of ConnectIreland. IDLF grew from the work of ConnectIreland which began as a globally unique job creation initiative from the Global Irish Economic Forum in 2011. It has been responsible for the creation of thousands of jobs. Her expertise is in inward investment and Irish economic development. She holds a first class honours degree in Business Studies.

Terry Clune

Chairman of ConnectIreland & Taxback Group

Mr. Clune is Group Chairman of Clune Technology Group, a financial services company employing over 1,600 staff in 24 countries. He is a winner of the Ernst & Young Entrepreneur of the Year Award, and the HSBC European Entrepreneur Award. With the support of the Irish Government and Irish Diaspora, Terry launched ConnectIreland to help attract inward investment to Ireland. The initiative has been very successful, and has won recognition and several awards at the Financial Times Global FDI Awards.

Meet the Team

Andrew Parish

Chief Commercial Officer

Tom Gahan

Director of Operations

Pauline McElroy

Senior Project Manager

Dermot McHugh

Head of Lending


IDLF was launched following the success of ConnectIreland – a globally unique job creation initiative developed by Terry Clune.
In 2020, the IIP received over 400 applications from around the world and IDLF saw the number of approved applicants increase by over 300%!
In 2021, the Irish Government created the Immigrant Investor Programme (IIP) in order to facilitate non-EEA nationals and their families to acquire a secure residency status in Ireland through investment.
The fund is currently working with a portfolio of hotels and nursing homes with a pipeline of social housing projects under consideration for the coming months. These sectors are approved by the Irish Department of Justice for the IIP.
IDLF was the first Investment Fund established exclusively for the purpose of the IIP.
We are regulated by the Central Bank of Ireland and provide investors with an unmatched level of confidence when considering transparency, security and the safe return of their investments.