I propose to take Questions Nos. 424, 425, 426, 427, 428 and 429 together.
Coillte is a private limited company established under the Forestry Act 1988 and is operationally independent from the Minister and Department of Agriculture, Food and the Marine. I am, therefore, not in position to comment on any operational issues relating to the establishment of the new investment fund. I will pass any operational queries on the Fund to Coillte for direct response to the Deputy.
As I have previously outlined, neither my Department nor myself were involved in the establishment of the Fund. The question of consent or approval by the shareholding Ministers does not arise in relation to Coillte’s role in providing services to the Irish Strategic Forestry Fund. It is an operational matter for Coillte and they were under no obligation to seek consent.
Neither I nor my officials met with representatives of the company named, nor were we included in correspondence in 2022 which included representatives of that company. Neither did I nor my officials have any communication with the Irish Strategic Forestry Fund in 2022. It's important to note that this is not a joint venture but rather a management agreement between the Irish Strategic Forestry Fund (not the company named) and Coillte.
While mention was made by Coillte of entering into arrangements to enable increased afforestation as part of their overall Strategy at meetings dating back to 2021, the full details of the Fund were confirmed by Coillte in correspondence to me on 16 December.
The operational arrangements between Coillte and the Fund were not a matter for consent by the shareholders i.e. myself and the Minister for Public Expenditure and Reform, and therefore there was no contact between my officials and counterparts in the Department of Public Expenditure and Reform on the matter. Furthermore as this is an operational matter for Coillte no approval was sought or given by the shareholders and therefore no engagement with NewERA was undertaken on the matter.
As I outlined at the Oireachtas Agriculture Committee last week, Coillte has made a consent request for possible investment in the Fund in the future. As per normal procedure, my Department forwarded this consent request to NewEra for analysis. On receipt of the NewEra report, the shareholding Ministers will make a decision on the consent request.