Dáil Éireann Debate, Tuesday - 27 September 2016
931. Deputy David Cullinane asked the Minister for Jobs, Enterprise and Innovation the subsidies given to IDA client companies and the cost of each; the manner in which the subsidies are funded; the total cost of IDA Ireland subsidies in each of the years 2002 to 2015, inclusive; and if she will make a statement on the matter. [26676/16]
Amharc ar fhreagra932. Deputy David Cullinane asked the Minister for Jobs, Enterprise and Innovation the total cost of IDA subsidies given to IDA Ireland client companies in each of the years 2002 to 2015 broken down by year and in a number of sectors (details supplied); and if she will make a statement on the matter. [26677/16]
Amharc ar fhreagraI propose to take Questions Nos. 931 and 932 together.
Whilst IDA Ireland does not categorise grants paid by sector, I have asked the Agency to provide a comprehensive list of the grant amounts paid to companies and a breakdown of the types of grants (e.g. employment, R&D etc.) paid in each year. The number of records involved, however, is significant and will require some time to collate.
The total grants paid to IDA companies in each of the years from 2002 to 2015 are outlined in the following table.
In terms of the manner in which the grants are funded, IDA Ireland may – in certain circumstances – provide financial assistance to companies wishing to locate or expand their existing operations here. This is in accordance with the Agency’s mandate to attract high value foreign investment to Ireland. The unique characteristics of any proposed project and its location will determine the incentive package available.
All grant assistance provided to client companies is in accordance with the criteria and process for the provision of Regional Aid as set out by the EU Commission under the Regional Aid Guidelines.
Grant assistance is subject to the submission by the client company of satisfactory progress reports towards milestones approved by IDA Ireland. It also includes provision for the repayment of grants, back to the IDA, where the terms of the agreement have not been met.
|
Year |
Total Grants Paid - € |
|
2002 |
121,207,512 |
|
2003 |
102,441,965 |
|
2004 |
67,588,438 |
|
2005 |
89,580,768 |
|
2006 |
96,717,990 |
|
2007 |
79,434,399 |
|
2008 |
80,271,838 |
|
2009 |
80,861,906 |
|
2010 |
120,440,184 |
|
2011 |
96,757,220 |
|
2012 |
89,326,201 |
|
2013 |
89,326,201 |
|
2014 |
87,487,265 |
|
2015 |
97,737,583 |
The referred replies under Standing Order 42A were forwarded to the Deputy.
