Oireachtas Joint and Select Committees
Thursday, 12 February 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013
10:00 am
Ms Julie Sinnamon:
If I may make two points, first, all of the venture capital funds in which Enterprise Ireland is involved have abilities to invest outside the State as well as within the State. We restrict the amount they have to invest to make sure it at least doubles the investment of the taxpayers' funding. That is not unusual. After the flotation of Trinity we did not put any funding in post that flotation. The share price plummeted and when we exited it was at the highest price the share price had been for the four years. There had been a massive drop, it recovered and Enterprise Ireland exited.
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