Dáil Éireann Debate, Thursday - 23 March 2023
157. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the number of Enterprise Ireland investments that have been made over the past five years; and the number of these that had Enterprise Ireland board oversight, including board seats or a supervisory role. [14492/23]
View answer158. Deputy Matt Carthy asked the Minister for Enterprise, Trade and Employment the number of Enterprise Ireland investments that have been made over the past five years; the number that had Enterprise Ireland board oversight, including board seats or a supervisory role; and if he will make a statement on the matter. [14498/23]
View answerI propose to take Questions Nos. 157 and 158 together.
There have been 1,842 direct investments made in the form of equity, convertible loan notes and repayable advances by Enterprise Ireland in client companies over the past five years. These investments are made in support of client companies business development plans.
Enterprise Ireland undertakes detailed due diligence in advance of the approval of all such investments. This due diligence includes both commercial and financial due diligence, and an assessment of the projected economic impact in Ireland. Enterprise Ireland’s policy is to not take more than 10% ordinary shareholding in a company, as such, being a small minority shareholder, Enterprise Ireland’s shareholder agreement does not include the right to take up a Board position. Enterprise Ireland’s position and rights are protected under the terms of our shareholders agreement with the company.
