Dáil debates

Tuesday, 25 September 2018

Ceisteanna Eile - Other Questions

Western Development Commission

6:00 pm

Photo of Seán KyneSeán Kyne (Galway West, Fine Gael) | Oireachtas source

The potential is great. The investment in these companies to provide loans and secure share capital has the potential to ensure the WDC Investment Fund can continue to grow. As it grows and as some companies spin out, make money and repay their loans, the return on investment is considerable for the Western Development Commission. The potential for the fund to grow is great. The board has requested, however, that it needs extra staff to realise this. This case has been made to me. There is an ongoing Estimates process and we cannot pre-empt the discussions. I will certainly be advocating for extra resources for the Western Development Commission so it can increase its number of staff. This is its top requirement.

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