Dáil Éireann Debate, Tuesday - 31 March 2015
260. Deputy Michael McGrath asked the Minister for Finance if he will provide, in tabular form, the number of investments made by the Ireland Strategic Investment Fund in each county since its inception; the total value of each investment; and if he will make a statement on the matter. [12874/15]
Amharc ar fhreagraThe Ireland Strategic Investment Fund (ISIF) was established on 22 December 2014 with a mandate to invest on a commercial basis to support economic activity and employment in Ireland. The assets of the National Pensions Reserve Fund (NPRF) were transferred into the ISIF on its establishment. The National Treasury Management Agency (NTMA) is responsible for management of the ISIF and the Investment Committee of the NTMA is responsible for making decisions about the acquisition and disposal of assets of the ISIF.
The NTMA is required to report each year on a number of matters including an assessment on a regional basis of the distribution of investments made by the Fund. While it is standard practice that companies report financial information to their investors, the ISIF mandate will also require metrics that can be used to help assess economic impact. Reporting on economic impact therefore requires a completely new data set to be obtained from funds and projects in which ISIF has invested and from underlying companies in which such funds have invested and a data gathering exercise is currently ongoing. The first ISIF economic impact report, which will include an analysis of the regional distribution of investments, is expected to be published in Quarter 2 2015.
