Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Public Accounts Committee

IDA - Financial Statement 2016

9:00 am

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

If a company goes into liquidation, closes down or whatever, and there are grant aid arrangements or similar, does IDA Ireland recover that? Is it on a percentage basis per annum? If a company has a ten-year programme but goes bust after five years, is that money lost to IDA Ireland? I presume the next instalment would not be paid as the company would be gone.

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