Oireachtas Joint and Select Committees

Wednesday, 29 March 2017

Public Accounts Committee

HEA - Financial Statement 2015

10:00 am

Mr. Andrew Brownlee:

An inspector was sent in by the Minister to look at the issue of the campus companies in WIT and he produced a comprehensive report. The finding was that WIT was wrong to use the campus companies as a vehicle to borrow, because institutes of technology do not have the capacity to borrow. Those campus companies were campus companies of WIT. The inspector, Mr. Dermot Quigley, made a range of recommendations. We undertook a review recently of how those-----