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. Pat Leahy:
There will be engagement between the individual Ministers and the Minister for Public Expenditure, National Development Plan Delivery and Reform. They will then negotiate on the list of best projects. The Government decides the projects to be funded and then the funding is based on handing out what projects are available. There is an element of restriction to a degree in the sense that only 22.5% of the fund is available in any one year for those projects. That produces a system of natural selection in terms of the amount of money that is available and the projects that can be funded under this.