Dáil Éireann Debate, Tuesday - 7 March 2023
144. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment what due diligence was carried out by Enterprise Ireland for its investment in a company (details supplied); if there was oversight at board level; and if recent developments will lead to a re-evaluation of investment strategies and oversight. [11001/23]
View answerMy Department officials have been in contact with Enterprise Ireland in relation to the company in question and while Enterprise Ireland, as a State development Agency, at all times aims to provide the best value for money to taxpayers and the State, it cannot guarantee absolutely that every company funded will succeed or deliver on its objectives and developmental targets.
Nevertheless robust procedures are in place to ensure that utmost due diligence is undertaken in advance of approving public monies to companies.
Enterprise Ireland's policies and processes are also audited by the Comptroller and Auditor General, while internal audits are also undertaken at regular intervals to ensure that the Agency complies with best practice at all times.
