Séamus Brennan (Dublin South, Fianna Fail)

As I noted in my reply on the current round of the fund, this statutory fund has been of enormous benefit to both industries. The fact that it is on a statutory basis and is ring-fenced in that fashion has made it enormously successful. In the normal course of events, the current round of the fund is due to expire in 2008. A review of that fund will now be undertaken in the course of the year. It is well known that any extension of the fund will require the approval of the House.

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