Wednesday, 29 Mar 2023

Written Answers Nos. 1-50

State Bodies

Ceisteanna (50)

Brian Stanley

Ceist:

50. Deputy Brian Stanley asked the Minister for Enterprise, Trade and Employment the largest investment amount in a company that Enterprise Ireland has written off in the past ten years. [15532/23]

Freagraí scríofa

Minister of State at the Department of Enterprise, Trade and Employment

The largest write off by Enterprise Ireland in the last 10 years was €3.65 million. This related to a company that EI had invested in as a minority shareholder over a 10 year period from 2002. The primary purpose of Enterprise Ireland's investment here was in support of an extensive research and development programme by the company in disruptive technology.

In general, the purpose of any investment by Enterprise Ireland is to assist companies to increase jobs and exports by ensuring availability of funding for start up and scaling companies which may otherwise not be available from the market.