Dáil Éireann Debate, Tuesday - 22 September 2015
313. Deputy Mattie McGrath asked the Minister for Finance if he will provide the total budget of the strategic investment fund; the amount drawn down; the spend from the fund for each county in tabular form; and if he will make a statement on the matter. [30707/15]
View answerThe Ireland Strategic investment Fund (ISIF) have advised that they will invest €7.6 billion across industry sectors, regions and asset classes in Ireland. As at 30 June 2015, the ISIF, mainly through investments made by its predecessor fund the NPRF, has committed €1.5 billion to investments aligned with its mandate which has a drawn market value of €848 million.
The NTMA is required to report each year on a number of matters including an assessment on a regional basis of the distribution of investments made by the Fund. The first ISIF economic impact report as at 31 December 2014, which included an analysis of the regional distribution of investments, is available on the NTMA website at: http://www.ntma.ie/business-areas/ireland-strategic-investment-fund/.
The ISIF is not required to target regional investment opportunities. The amounts invested to 31 December 2014 are broadly consistent with ROI regional GVA data with 52% of investments outside of Dublin.
The ISIF is currently surveying underlying investees and it is estimated that the Economic Impact Report for the first half of 2015 will be published in November 2015.
