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Ireland Strategic Investment Fund

Dáil Éireann Debate, Wednesday - 24 February 2021

Wednesday, 24 February 2021

Questions (193)

Alan Farrell

Question:

193. Deputy Alan Farrell asked the Minister for Finance the details of funding provided to date under the Ireland Strategic Investment Fund; and if he will make a statement on the matter. [9890/21]

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Written answers

ISIF publishes bi-annual reporting which contains an update on the status of the operation of the Ireland Strategic Investment Fund, including economic impact reporting. The latest report available on the ISIF website at the following link: https://isif.ie/uploads/publications/FY-2020-Report-including-H12020-Economic-Impact-Report.pdf) sets out an overview of ISIF as at 31 December 2020, together with an economic impact report in respect of H1 2020:

- ISIF portfolio has generated in excess of €1.5 billion of value added, +3.1% pa, since inception;

- ISIF commitments totalling €5 billion across 143 investments has unlocked €8.6 billion of co-investment commitments since inception;

- Investments have continued to deliver strong economic performance, supporting ca. 30k jobs and generating in excess of €600 million of gross value add (GVA) geographically balanced in line with regional economic activity;

- In response to the COVID-19 pandemic, ISIF established a €2 billion Pandemic Stabilisation and Recovery Fund (PSRF) to invest in impacted Irish businesses;

- PSRF has invested in excess of €400 million nationwide across 20 investments spanning multiple sectors since inception; and

- ISIF investments continue to focus on supporting and scaling Irish businesses, investing in funds that diversify the funding landscape for Irish businesses, supporting key enabling investments, and recycling capital in order to maximise impact.

Questions Nos. 194 and 195 answered with Question No. 157.
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