Oireachtas Joint and Select Committees

Thursday, 4 October 2018

Public Accounts Committee

Teagasc Financial Statements 2017

9:00 am

Mr. Tom Doherty:

When the castle had been repaired and the visitors' centre developed, the arrangement is that Teagasc will enter into an operations agreement with the Irish Heritage Trust for ten years. Teagasc will pass its operation to the Irish Heritage Trust. Unfortunately, historical buildings never generate money. They consume far more money than they generate, so Teagasc has agreed to subvent it with a subsidy in the region of €300,000 per year on a sliding scale. That €300,000 in year 1 will hopefully slide to a small amount in year 10.

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