Dáil Éireann Debate, Thursday - 8 September 2022
22. Deputy Ged Nash asked the Tánaiste and Minister for Enterprise, Trade and Employment if he will provide details of all grants under the various scheme headings and the value of such grants paid by the IDA to a firm (details supplied) in each of the years 2012 to 2021 and to date in 2022, in tabular form; and if he will make a statement on the matter. [43276/22]
Amharc ar fhreagraYapstone is an online payments provider headquartered in Walnut Creek, California. In 2012, Yapstone established a subsidiary in Drogheda to act as its international headquarters. The recent announcement by Yapstone that it is entering into a consultation process with regards to potential job losses is very disappointing. My foremost concern is for the staff and families of those impacted.
The IDA has been in contact with senior management of the company since it learnt of its potential restructuring plans and will continue to provide assistance to the company over the coming months and update the Department on developments. The Government, via local Intreo offices, will make all necessary State assistance available.
As the Deputy is aware, IDA Ireland is authorised by my Department to provide a range of financial supports to companies in the form of employment, capital, research and development, environmental and training grants. These grants are an important means of encouraging firms to invest in Ireland, particularly in regional locations.
Between 2012 and 2022, a total of €488,475 in grants was paid in support of the company’s Irish operation which is set out in tabular form below.
|
Year Approved |
Grant Type |
Grants Paid |
|
2016 |
Employment |
€486,000 |
|
2020 |
Business Continuity Support Grant |
€2,475 |
