Dáil Éireann Debate, Tuesday - 15 October 2013
26. Deputy Joan Collins asked the Minister for Finance his views on whether at least €3 billion from the Ireland Strategic Investment Fund, now formally established with €6.3 billion funding from the National Treasury Management Agency, be fast tracked into a jobs stimulus programme for 2014 and 2015. [42823/13]
Amharc ar fhreagraThe establishment of the Ireland Strategic Investment Fund (ISIF) was announced by the Government in September 2011. Resources from the National Pensions Reserve Fund (NPRF) will be deployed through the ISIF towards productive investment on commercial terms in the Irish economy. The ISIF will play a catalytic role and seek private sector co-investment in order to leverage its own resources and maximise the benefit to the Irish economy. The immediate priority for the Government is to put NewERA on a statutory footing and reorient the NPRF into the Ireland Strategic Investment Fund which will make strategic investments to support economic activity, competitiveness and employment in Ireland. Officials of my Department are liaising with the National Treasury Management Agency, which is the Manager of the NPRF, in identifying and drafting the necessary legislation to achieve this objective.
