asked the Minister for Industry and Commerce when re-equipment grants passed by the IDA will be paid, in cases where the work has been completed and notification of such forwarded to the Authority.
Ceisteanna—Questions. Oral Answers. - IDA Re-equipment Grants.
123.
I expect that certain necessary arrangements arising out of the reorganisation of the IDA and procedures for the payment of grants will have been completed in about two months, following which authorised payments will be made without delay.
Is the Minister aware that a very large sum, amounting to £24 million I think, awaits payment, not only of these re-equipment grants but of grants for new factories? Will he not agree that holding this money up is a great inconvenience to people who have gone into the trade?
The only cases held up are re-equipment grants.
The grants for new factories are being paid?
Yes.
Then, the figure is £4 million instead of £24 million.