Mr. John Hughes:

The legislation itself is not prescriptive in terms of the outcomes. What it does acknowledge and make clear is that the IDA, in the case of foreign direct investment companies, will agree what the baseline is and what the targets are in terms of percentage reductions. As the Deputy will be aware, the enterprise sector overall has to achieve a 35% reduction. We are behind on achieving this target, so we think this initiative, with sufficient funding through the Estimates process, will help us to accelerate and get back on target. The individual client company targets will be agreed, negotiated and monitored and payments will only be made on the achievement of targets. This is how the IDA ordinarily operates under the various grant authority powers it currently enjoys.