Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Photo of Alan DillonAlan Dillon (Mayo, Fine Gael) | Oireachtas source

I will move on to the pandemic stabilisation and recovery fund. The ISIF made a fund of €2 billion available on the Minister's instructions in May 2020. As was stated earlier, the fund sought to support medium and large enterprises affected by the pandemic. One of the criteria was that the enterprises would have more than 250 employees. In regard to the fund of €2 billion that was established for the pandemic, why was €237 million paid to support only four businesses? What were the businesses and what were the terms of the investment?

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