Mary Coughlan (Donegal South West, Fianna Fail)

This is totally out of order because no legislation is promised to set up a venture capital fund. This arose from the smart economy document. We are working with a number of interests and State agencies but, in the interim, Enterprise Ireland and a number of institutions have set up a number of funds, which are working well and will continue to do so. There has been no final decision on the venture capital fund referred to by the Deputy but work is ongoing.

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