Oireachtas Joint and Select Committees

Wednesday, 28 May 2025

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Developments in the Economy in the Year to Date: Minister for Finance

2:00 am

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein)

That brings me to another question from what was discussed earlier, namely, how we support our indigenous industry. The Minister made quite an interesting point - I cannot remember who it was in response to - that, sometimes, for people who have put all the risk into their business and had the idea, the aim has been to sell it on to a greater company. An Teachta Timmins mentioned the Irish Stock Exchange potentially looking at us not having that many IPOs there. Maybe that is not something people are considering. People have put in all this risk and all that and they are considering what they can do long term, which is to sell it on. Their business will then grow and they will not have the risk. Does the Minister think we are maybe limiting ourselves in some ways? Is it a culture or thought process to just do it that way rather than in other ways? Is that something the Minister has come across? Does he think it is a cultural thing?

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