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:

I will add that we are aiming for this to be a commercial return. Ultimately, what we are doing in the future Ireland fund is that we know what some of these challenges are. It is just not the demographic. As I mentioned earlier in my opening statement, it is with regard to climate and digitisation. This is multigenerational. That is the objective, hence the return is taking out from 2041 onwards that will basically go into the Exchequer to offset some the costs we are facing from climate change and other factors. That is why we need to focus on a commercial return on this. Basically, if we are seeing something else, the Vote really is through public spending.