Oireachtas Joint and Select Committees

Thursday, 4 October 2018

Public Accounts Committee

Teagasc Financial Statements 2017

9:00 am

Professor Gerry Boyle:

Moorepark Technology Limited was set up in the early 1990s. It was a collaboration between us and the dairy industry. Not all of those in the dairy industry had joined up and were involved in the shareholding or contributed to the equity of the company at the time. In the first tranche of activity, I believe Enterprise Ireland was involved as well. In recent years, we have sought additional investment of €10 million to upgrade the facilities in light of Brexit and everything else, and Enterprise Ireland dropped out. It is not currently a shareholder.

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