Mary O'Rourke
Question:97 Mrs. O'Rourke asked the Minister for Enterprise and Employment the amount of the proposed 1995 Estimate for county enterprise boards that is already due to projects approved. [2379/95]
Written Answers. - County Enterprise Boards.
A feature of this type of scheme is that, as with the national development agencies, a large portion of grant commitments entered into in one year mature for payment in another. This arises because of the normal time lag between the approval of grant aid and the actual drawdown of the cash by the promoter having completed the project. A time lag of six to 12 months would not be unusual and has implications for the size of the boards' cash requirements in any one year. The boards' cash requirements are also affected by the number of projects which are approved for grant aid but which for various reasons do not go ahead.
It is estimated that some £14.25 million of the county enterprise board commitments from 1993-94 will carry over for payment into 1995.