Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Agriculture, Food and the Marine

Forest Policy and Strategy (Resumed): Discussion

Photo of Joe FlahertyJoe Flaherty (Longford-Westmeath, Fianna Fail) | Oireachtas source

That is all laudable. I am conscious of time. I will home in on one final point and allow the representatives to finish on that. I will give an agricultural or, at least, a horse analogy of someone selling shares in a racehorse who wants to get €200 million and has a five-year timeline to do so. If we factor in what Coillte has from the State, which is €25 million, it currently has 17% of the €200 million it needs. Included in that 17%, the only external investment it has at present, which is still the same as it had when it came in, when it could potentially have mentioned it in December, is 5%. Coillte has a long road to climb and a very short programme of just five years. At what stage, putting on its corporate hat, does it have to get worried and state this will not work?

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