Dáil Éireann Debate, Wednesday - 29 November 2023
47. Deputy Louise O'Reilly asked the Minister for Finance the data relating to the Ireland Strategic Investment Fund between 2017 and 2023; the breakdown of number of company applicants for each programme to the ISIF from women only founder companies, men only founder companies and mixed founders men and women companies. [52801/23]
View answer48. Deputy Louise O'Reilly asked the Minister for Finance the breakdown of founder participants applicants for each programme to the ISIF from women only founder companies, men only founder companies and mixed founders men and women companies. [52802/23]
View answerI propose to take Questions Nos. 47 and 48 together.
The NTMA have advised me that the Ireland Strategic Investment Fund (ISIF), announced in November 2022 its ambition to invest a minimum of €50m through private equity firms that are majority owned by women.
ISIF is inviting these firms to apply for ISIF investment, subject to meeting ISIF’s unique double bottom line mandate of generating a commercial return while seeking to support economic activity and employment in Ireland. ISIF advises me that it has engaged extensively with companies in the target space as an active pipeline of prospective investment and expects to make announcements shortly.
The Deputy will be aware that since inception, in early 2015, ISIF has committed over €6.6 billion to Irish companies, platforms and projects. This investment has leveraged third party capital bringing a total investment of €17.4 billion in the Irish economy as a result of these activities. The Deputy will also be aware that ISIF invests across a range of sectors, namely Housing and Enabling Investments; Climate; Scaling Indigenous Businesses; and Food and Agriculture and alongside a diverse range of corporate structures.
The impacts of these investment include 42,454 Jobs supported by ISIF capital resulting in a wage bill of €1.5 billion. 44 per cent of these jobs are outside of Dublin. The investments result in a Gross Value Add of €2.3 billion and exports of €1.4 billion.
Further detail is available in the ISIF 2023 mid-year update available at isif.ie/uploads/publications/MidYearUpdate2023.pdf . All figures are preliminary and unaudited.
