Oireachtas Joint and Select Committees

Tuesday, 1 July 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

National Treasury Management Agency (Amendment) Bill 2014: Committee Stage

8:20 pm

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael)
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The point is that NewERA will deal with the issues it is dealing with, and the ISIF is available for all ideas that will work in the economy that are commercial and that create jobs. It runs the gamut of every single Department. It is not set in stone. It can be done if one has an idea that stands up and works and that will add to the economy, be commercial and that will create jobs.

We are talking about funding worth €6.9 billion. The whole idea is that one gets matching funding. One gets someone else to put up funding to match what is already there. That is what it is all about.

It is getting late. Social housing is something on which we all agree. The issue is significant and must be addressed. I repeat that when such a proposal is ready it will be brought by the Government before the Oireachtas.