Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

As the Minister is aware, it was promised that some 100,000 jobs would be delivered during a five year period as part of the NewERA project. He poured some cold water on that promise, describing it as a PR add-on when the plan was launched. The establishment of NewERA was announced 14 months ago, but it has still not been placed on a statutory basis. The more important question, however, is what has it done in channelling investment to productive sectors of the economy. As I understand it, the intention is that the strategic investment fund will seek matching investment from third party investors. Will the Minister update the House on the success NewERA is having in attracting investment within Ireland or internationally?

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