Vol. 567 No. 1
153 Cecilia Keaveney asked the Tánaiste and Minister for Enterprise, Trade and Employment the number of jobs created as a result of the sale of two Fruit of the Loom factories in Buncrana, County Donegal; and whether the moneys raised through the sales will be ringfenced towards job creation activities in the Buncrana region in view of the severe losses from the textile industry's decline. [13824/03]
I am informed by IDA Ireland that the buildings concerned are owned by the company in question. Therefore, moneys received from the sale of the properties go directly to the company itself.
I understand that there are actually three, rather than two, buildings in the area being purchased by local business interests. One building will be used as a retail furniture showroom but information on the intentions of the other purchasers is not yet available.
While the industrial development agencies will support further projects through their normal funding mechanisms as they are secured for the area, it is not possible for them to ring fence money for particular locations as such.
