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Ireland Strategic Investment Fund Investments

Dáil Éireann Debate, Thursday - 3 December 2015

Thursday, 3 December 2015

Questions (99)

Michael McGrath

Question:

99. Deputy Michael McGrath asked the Minister for Finance the number of projects in which the Ireland Strategic Investment Fund, ISIF, has currently invested; the number of new jobs created as a result of these projects; and if he will make a statement on the matter. [43397/15]

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Written answers

The Ireland Strategic Investment Fund (ISIF) published its first Baseline Economic Impact Report at the end of Q2 2015.

Key figures show that as at 31 December 2014:

- ISIF had committed €1.4 billion to investments in Ireland, with €726 million already drawn down.

- 79 Irish companies and projects with a combined annual turnover of €472 million are benefitting from ISIF investment.

- Approximately 8,362 jobs are supported directly and indirectly by ISIF investments.

At 31 December 2014, the funds ISIF invested in had significant engagement throughout the Irish market - with 3,573 engagements and 99 completed investments since inception.

Further information is available online at: http://www.ntma.ie/business-areas/ireland-strategic-investment-fund/.

The ISIF has advised that it is currently surveying underlying investees and plan to publish updated figures in respect of H1 2015 in the coming weeks.

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