Oireachtas Joint and Select Committees

Thursday, 31 January 2013

Public Accounts Committee

Enterprise Ireland - Annual Report and Financial Statement 2011

11:30 am

Mr. Frank Ryan:

From a policy point of view, where a good business that is making money and employing people has debt overhang - this applies to some of our companies - we continue to work with it in terms of development. If a business is sound, be it under the current or new owners, that business will continue. We have not ceased our financial or non-financial engagement with companies just because they have debt overhang. We want to see businesses continue.

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