Oireachtas Joint and Select Committees

Wednesday, 11 July 2018

Joint Oireachtas Committee on Justice, Defence and Equality

Immigrant Investor Programme and International Protection Applications: Discussion

9:00 am

Mr. Michael Kirrane:

It depends on where we are on the economic cycle at any particular point in time. If there are funds available elsewhere without the need to give an immigration permission, we must ask whether we should continue such a scheme and give an immigration permission or whether there are other ways that infrastructure can be funded in the State. Regardless of the outcome of the review, we will seek to maintain certain parts of the scheme, for example, the endowment option, which has grown significantly in the past year. A total of €27 million has been donated to charitable organisations in the State under that option, which we will seek to maintain, regardless of the outcome. I do not want to pre-empt the outcome of the review. Ultimately, it will be a matter for the Government to decide how it wants to continue. Our job is to analyse and present options with the appropriate research.