Vol. 429 No. 6
247 Mr. Hughes asked the Minister for Tourism and Trade the proposals, if any, he has to encourage mobile international tourism investment into capital projects in this country considering the present remit of the IDA; and the measures, if any, which are in place to attract such investment.
Measures currently in place to encourage investment in Irish tourism are available to potential investors, from Ireland and overseas alike. These measures include grants for a range of tourist developments under various EC programmes, including the tourism programme, operating under the Community Support Framework for Ireland 1989-1993; tax reliefs such as capital allowances, and incentives under the urban renewal development scheme.
I am currently in the process of preparing a tourism development plan for the period up to end 1997, including proposals for tourism expenditure from the next tranche of EC Structural Funds, and in this context I will be reviewing, inter alia, the role of overseas investment in developing the sector over that period.
