Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I have only one question which relates to my area and it is unlikely to have been covered. What funds does the agency have available for investment in capital projects? The issue of the lack of availability of suitable properties, particularly for inward investment, is pertinent in both Limerick city and county. I refer, in particular, to finishing fitted out units as distinct from core units and the scope NAMA has in this regard. I am familiar with the NAMA legislation because I put it through on behalf of Fine Gael and debated it at length with the late lamented Brian Lenihan. I know it from the cradle to the grave. It has a number of key components. The first is to get the banks lending, but that has not happened.

It was to have a socioeconomic remit, especially in the area of social housing. It was put forward in terms of an economic dimension. I am specifically referring to the economic dimension. Is new legislation needed to give NAMA the scope for extra spending? There is great scope in that area. I ask Mr. Daly to outline the level of funding available and whether legislative change is needed. This is purely about fitted-out units. I am specifically talking about my constituency of Limerick city and also County Limerick, but there would obviously be wider implications throughout the country.