Oireachtas Joint and Select Committees

Wednesday, 25 June 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

General Scheme of the Industrial Development (Miscellaneous Provisions) Bill 2025: Discussion

2:00 am

Ms Breda O'Sullivan:

It is hard to say right now because we do not have the power, but I would say we would at the maximum probably be looking at coming down from the hundreds of thousands. Maybe the tens of thousands is where we are right now. That does not mean that there could not be a unique case where we might be looking for more, but there are lots of safeguards in place in this regard where we would have to go through our own management investment committee, our board and indeed to Government if we are getting into very big amounts in terms of the grant aid.

I will give a hypothetical situation with something like a consultancy on digitalisation. We could have plants and factories here that are quite old and have been here for a long time. To be able to bring in something like a digitalisation project, which could underpin the factory for the next ten years, very specific expert advice is needed to do so effectively, to map out existing processes and to look at what is needed to bring the factory forward. In those types of cases, this grant aid is really helpful. For the multinationals, the choice could be between doing this in Ireland or somewhere else.

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