Dáil Éireann Debate, Wednesday - 29 March 2023
53. Deputy Brian Stanley asked the Minister for Enterprise, Trade and Employment the number of private rented sector housing cuckoo funds, and the total value of same, that Enterprise Ireland has directly or indirectly invested in through its venture capital scheme in the past ten years. [15535/23]
View answerEnterprise Ireland has not invested into any housing or other property funds through its seed and venture capital fund Schemes (SVC). Through the SVC Schemes, Enterprise Ireland, supported by my Department, invests into early stage seed and venture capital funds whose mandate is to provide investment capital to Irish SMEs engaged in manufacturing or Internationally traded services activities. As part of the SVC Scheme 2019-2024, Enterprise Ireland has made €175 million available to stimulate job creation and to support the funding requirements of early-stage innovative Irish companies with global ambitions. SVC allocations are aligned primarily with the ICT, Life Sciences, Industrial and Food & Manufacturing sectors.
