Dáil Éireann Debate, Tuesday - 4 July 2023
412. Deputy Aengus Ó Snodaigh asked the Minister for Justice when an application (details supplied) for funding under the immigrant investor programme was made, approved by the independent evaluation committee, and signed off on by her. [32114/23]
View answerAs the Deputy will be aware, the Government agreed to close the Immigrant Investor Programme (IIP) to further applications from 15 February 2023. The IIP Unit has published a FAQ concerning the closure on my Department's website, which will be updated with any further arising questions from the closure, and is available here: www.irishimmigration.ie/faqs-closure-of-the-immigrant-investor-programme-iip/
As Minister, I do not comment on individual IIP applications not does my Department publish the details of individual approved IIP investments.
All projects in which IIP applicants are investing are examined in detail by an Independent Evaluation Committee comprising officials from my Department, the Department of Finance, the Department of Foreign Affairs, Enterprise Ireland and IDA Ireland who have appropriate expertise in this area.
This examination process involves an assessment of the commercial viability of the project; employment outcomes associated with the proposed investment; and the overall benefit to the Irish State. The Committee makes a determination as to whether a project is suitable for IIP investment and if deemed suitable, the individual application will be submitted to the Minister for final approval.
