Oireachtas Joint and Select Committees
Wednesday, 4 October 2023
Joint Oireachtas Committee on Social Protection
Grants and Bridging Finance for Community Groups: Discussion
Mr. Allan Mulrooney:
On the first question, it would be very challenging for the Western Development Commission, considering the Act that we are bound by, to support a builder or a developer. We are bound by the need for a business plan and have a separate entity to support the company from a private sector perspective on the other side.
On the challenge that some early stage start-ups sometimes find with seeking money from the Western Development Commission, and it is certainly what I have heard up and down the region, that challenge comes back to the Act. We are bound by the Act so we do not necessarily focus on early stage start-ups that are in need of grant support. We are looking at companies that are scaling and looking to grow and, equally, have a private investor on the other side ready to help them to grow and scale from there.
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