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IDA Ireland Funding

Dáil Éireann Debate, Thursday - 28 February 2019

Thursday, 28 February 2019

Ceisteanna (118)

Jan O'Sullivan

Ceist:

118. Deputy Jan O'Sullivan asked the Minister for Business, Enterprise and Innovation the value of IDA grants provided to a company (details supplied) in each of the years 2015 to 2018; the purpose for which the funding was allocated; the specific grant scheme headings under which direct funding was granted; and if she will make a statement on the matter. [10048/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Business)

IDA provided employment grants to National Pen in the years 2015-2018, the value of which is set out in the table below.In order to draw down an employment grant, an IDA client company - such as National Pen - must meet performance targets that are set out in a contract between the firm and the Agency. Such contracts also provide that jobs supported by a grant must remain in place for five years from the date of the last payment.

Year

Employment Grant Paid €

2015

285,000

2016

907,500

2017

-

2018

500,000

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