Dáil Éireann Debate, Tuesday - 18 June 2019
551. Deputy Niamh Smyth asked the Minister for Transport, Tourism and Sport the reason a club (details supplied) is waiting so long to get a signature to finish drawing down funding it was granted; and if he will make a statement on the matter. [25063/19]
View answerI understand that the club referred to by the Deputy has submitted a capital application under the 2018 round of the Sports Capital Programme (SCP) and these applications are currently being assessed. I expect that allocations in respect of these capital applications will be announced in the coming months.
While there is no SCP funding outstanding to the club in question, the club has received previous funding and in line with the normal SCP terms and conditions, the Minister has placed a legal charge on the club's property to secure the state's investment.
I understand that the club is now taking out a bank loan and that the bank requires an interlender agreement. My Department is happy to facilitate the club in this regard and has instructed the Chief State Solicitor's Office in this regard. I understand that the legal matters are now nearing finalisation. Once the matter is finalised, there will be no undue delay in issuing approval to the proposed interlender agreement.
