FEOGA grants amounting to £2.1 million were provided to build and equip Ballybay Meats. National grants of £0.837 million were paid by the IDA. I understand that so far none of these moneys has been recovered. The receiver is endeavouring to sell the Ballybay plant as a going concern and this would, of course, ensure that the best return for the public investment was secured as well as protecting long-term employment in the area.
Pending the outcome of current investigations into the affairs of the company, my Department are holding substantial securities and withholding some amounts claimed by the company in respect of export refunds.
The Commission of the European Communities has been kept informed of developments to date.