Oireachtas Joint and Select Committees

Tuesday, 21 June 2016

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2016
Vote 32 - Department of Jobs, Enterprise and Innovation (Revised)

5:00 pm

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael) | Oireachtas source

No, they do not borrow money. They have their own resources and income and they get some of that from property, share sales or dividend income. They do not borrow money. However, they do leverage funding from the private sector in the area of venture capital. For example, Enterprise Ireland will invest €175 million over six years from 2014 to 2019 and then the private sector will add €525 million. This means €700 million for business in Ireland.

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