A new £20 million training fund for Irish business has been launched by AIB. It will provide low-cost, fixed interest rate financing to support training and education in business. The fund will make loans available to fund training fees, tuition costs and other expenses associated with the placement of employees on training and education courses. The fund will be available to both AIB and non-AIB customers who have a three-year profitable track record in business and have an annual turnover of less than £5 million and/or less than 50 employees. The fund was launched yesterday by the Tanaiste, Ms Harney.