I propose to take Questions Nos. 347 and 349 together.
When IDA approves grant assistance to a client company, it enters into a legal agreement with that company. That agreement sets out, inter alia, conditions governing grant payment including the milestones which have to be reached before grant payments can be drawn down. A grant can be approved in any one year, however it is up to the individual company to choose when to draw down the grant. Grants paid in any one year do not necessarily refer to the approvals in that year.
I am informed by the IDA that in the period from the beginning of 2007 to date in 2010, a total of €5,000,000 in capital grants was paid to one IDA supported company in Waterford City. Employment grants totalling €6,707,398 were paid to 10 companies in Waterford city in the same period.