Dáil Éireann Debate, Thursday - 28 February 2019
118. Deputy Jan O'Sullivan asked the Minister for Business, Enterprise and Innovation the value of IDA grants provided to a company (details supplied) in each of the years 2015 to 2018; the purpose for which the funding was allocated; the specific grant scheme headings under which direct funding was granted; and if she will make a statement on the matter. [10048/19]
View answerIDA provided employment grants to National Pen in the years 2015-2018, the value of which is set out in the table below.In order to draw down an employment grant, an IDA client company - such as National Pen - must meet performance targets that are set out in a contract between the firm and the Agency. Such contracts also provide that jobs supported by a grant must remain in place for five years from the date of the last payment.
|
Year |
Employment Grant Paid € |
|
2015 |
285,000 |
|
2016 |
907,500 |
|
2017 |
- |
|
2018 |
500,000 |
