Alan Dillon (Mayo, Fine Gael) | Oireachtas source

Okay. I will move on to the second item around the immigrant investor programme. Ms McPhillips stated in her opening statement that the programme has made a really valuable contribution attracting inward investment and job creation. It has made an enormous contribution across many community-led projects across the country.

As Ms McPhillips can imagine, the Government decision to close the programme came as a bombshell for many who were looking to submit new applications from February of this year. Ms McPhillips stated in her opening remarks that the purpose of the immigrant investor programme was no longer justified in the context of risk. My first question is, how has the risk environment changed? Can Ms McPhillips expand on the types of risks identified that have led to the decision to close the programme?