Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Investment Commitments to SME Sector: National Treasury Management Agency

2:45 pm

Photo of Damien EnglishDamien English (Meath West, Fine Gael) | Oireachtas source

I have some final questions. I am very familiar with the terms "displacement" and "deadweight", having served on enterprise boards. They often can be used as an excuse, although I am not saying that will happen in this case. I understand why it is essential to have those terms as well, but sometimes they can be overused to the letter of the law. In the case of displacement, for example, and we are hoping you would invest in exporting companies, if a company is currently exporting to the UK and expects to move on to France and other parts of Europe at some stage in the future, and there is a second applicant who wishes to export the same product or service to France and Germany, is that regarded as displacement? That is my concern. Sometimes something is knocked on the head too quickly because it is considered to be displacement. It is easy to understand that in respect of a small business such as hairdressing, but you are dealing with millions of euro. What are your thoughts on this at a bigger level?

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