Oireachtas Joint and Select Committees

Thursday, 23 March 2023

Public Accounts Committee

2021 Financial Statements of Enterprise Ireland: Discussion

9:30 am

Mr. Kevin Sherry:

I am just talking about companies based in Ireland. Where we invest in a seed and venture capital fund, we require that the fund invest at least twice the amount we have put into it. It may also invest in companies outside of Ireland but the requirement in our agreement is it must invest at least twice as much money in Irish companies as Enterprise Ireland puts into the fund.