Dáil Éireann Debate, Thursday - 14 December 2023
318. Deputy Éamon Ó Cuív asked the Minister for Housing, Local Government and Heritage the annual cost of operating the Land Development Agency since its inception; and if he will make a statement on the matter. [55975/23]
View answerThe Land Development Agency (LDA) was established on an interim basis in September 2018 through S.I. No. 352/2018. The Land Development Agency Act 2021 was signed into law in July 2021. Following the commencement of the relevant provisions of the LDA Act, the interim LDA entity was dissolved and all functions and staff of the interim LDA entity transferred to a new LDA Designated Activity Company (DAC) on 31 March 2022. This LDA DAC was incorporated by the Company Registration Office in December 2021.
The annual cost to the Exchequer of the LDA between 2018 and 2021 is set out in the table below.
|
2018 |
2019 |
2020 |
2021 |
|
€000 |
€000 |
€000 |
€000 |
|
254 |
2,408 |
14,100 |
16,600 |
As a commercial State body, the commercial activities of the LDA are not funded by the Exchequer. However, funding is provided to cover expenditure associated with their non-commercial functions. In 2022, this funding was €535,000. Details of funding for 2023 will be available in early 2024.
As with all State bodies operating under the aegis of my Department, arrangements have been put in place by the LDA through which Oireachtas members can request information directly from the Agency in relation to operational matters - in this regard, the LDA may be contacted directly at oireachtas@lda.ie.
