Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

Mr. Oliver Gilvarry:

Again, that would be an investment. I will pass over to Mr. Ashmore on the FIF. Really, where we will be on the ICNF is that it is something we may need access to. That will constrain in some ways the length of time. It is a bit like the national reserve fund in that we may need to draw it down. We cannot put it away for ten years because we do not know when it is going to be. That will just basically constrain the return. We want it in a situation where it is vested and safe and where there is some sort of return coming through, but also have the ability to access it. Mr. Ashmore might comment on the future Ireland fund.