Dáil Éireann Debate, Tuesday - 18 October 2022
345. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if he will provide an update on his Department's engagement with the European Commission on the implications of State aid rules for financing and development by the Land Development Agency. [51572/22]
Amharc ar fhreagraThe Land Development Agency Act 2021 was developed taking account of legal advice in relation to State Aid. The Department’s approach, based on advice received, is that the economic functions of the Land Development Agency (LDA) do not give rise to an advantage either to the LDA or other parties under State Aid rules.
The European Commission was informed about the Land Development Agency at the time of its establishment in August 2018. A structured engagement with the Commission through its informal preliminary procedures is currently being carried out by officials in my Department. Detailed information was provided to the Commission prior to the enactment of the LDA Act outlining the nature and role and functions of the LDA. This engagement is ongoing and is consistent with the approach taken in relation to other commercial state bodies and reflects the specific nature of the LDA.
