Oireachtas Joint and Select Committees

Wednesday, 15 November 2023

Joint Oireachtas Committee on Agriculture, Food and the Marine

Challenges Facing the Horse Sport Industry: Horse Sport Ireland (Resumed)

Mr. Killian Carroll:

The financial statement outlined the existing challenges as regards the funding model. On what we are doing going forward, we have arrived at forecasts for the next 12 to 24 months and have also considered cash flows. We are looking at both of those in the process of budgeting to minimise the number of projects that are not economically viable so that, at a minimum, we will break even. That is an important aspect of our management of that issue. We are reviewing costs and making sure they are tightly managed. They are some of the things we are doing with a view to the future. We are also looking at revenue streams that might be implemented within the organisation to ensure we continue to break even and to ensure our financial stability into the future.