Dáil Éireann Debate, Thursday - 27 October 2022
140. Deputy Mick Barry asked the Tánaiste and Minister for Enterprise, Trade and Employment if he will provide details of any funding received by a company (details supplied) from Enterprise Ireland or other agencies in the auspices of his Department; and if he will make a statement on the matter. [53926/22]
Amharc ar fhreagraEnterprise Ireland has worked closely with the company in question since 2019 when it was transferred from the Cork LEO which had supported it since its establishment in 2017. The company has received extensive support from Enterprise Ireland Market Advisors in overseas offices including US as well as UK, mainland Europe, Middle East and Australia.
Enterprise Ireland has invested a total of €800,000 in the company. The funding was provided in two separate funding rounds, in July 2020 and August 2021.
Enterprise Ireland takes the dispersal of public money very seriously. At all times Enterprise Ireland aims to provide the best value for money to taxpayers and the State. There are robust procedures in place to ensure that due diligence is undertaken in advance of approving public money to companies. Enterprise Ireland’s policies and processes are audited by the Comptroller and Auditor General, whilst internal audits are also undertaken at regular interval to ensure that Enterprise Ireland is in compliance with best practice.
