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Dáil Éireann debate -
Wednesday, 12 May 1965

Vol. 215 No. 9

Ceisteanna—Questions. Oral Answers. - Potez Aerospace Factory.

28.

asked the Minister for Industry and Commerce if he will state (a) the amount of State investment in Potez Aerospace, Baldonnel, County Dublin, and (b) the amount actually paid to date.

A grant of £463,000 was approved by An Foras Tionscal of which £405,000 has been paid to date. Taiscí Stáit have to date invested £448,000 in Aviation Development Ltd. the development company associated with Potez Aerospace Ltd.

Could the Minister say if there are any loans from the State to this company, as well as grants?

The total State contribution includes investment through An Taiscí Stáit in the development.

Can the Minister say when it will go into production?

It has already started. Certain parts are being produced and I gather it is expanding.

What employment will it give?

That was mentioned in the Dáil last week.

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