Written answers

Tuesday, 19 February 2008

Department of Foreign Affairs

Offaly Regeneration Company

9:00 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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Question 363: To ask the Minister for Foreign Affairs the date of establishment of Offaly Regeneration Company Limited; the purpose and role of this body; the level of equity held in this company by himself; the number of board members of this company; the number of whom are appointed by himself; the person by whom the remaining board members are appointed; and if he will make a statement on the matter. [6734/08]

Photo of Dermot AhernDermot Ahern (Louth, Fianna Fail)
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The Offaly Regeneration Company Ltd was established in May 2000. The purpose of the company is to promote and advance economic and social development generally in the Midland region, and, in particular, in County Offaly, including through close co-operation with partner bodies in the US, Canada and Northern Ireland. It is a registered company, with no share capital and limited by the guarantee of its founding shareholders. I understand that the board of the company, which is normally composed of 10 members, currently has a vacancy. As appointments to the board of directors are made by an AGM of the company, the vacancy on the board is expected to be filled at the next AGM. I do not hold any equity in the company, nor do I appoint any members of the Board.

Atlantic Corridor is a registered business name of the Offaly Regeneration Company Ltd. As I indicated in my written reply to Parliamentary Question number 231 on 13 February, the Government has provided funding to Atlantic Corridor, Ireland, via the Offaly Regeneration Company Ltd., which is the implementing agency for Atlantic Corridor, Ireland. Atlantic Corridor Ireland, through its implementing agency, has been involved in promoting the development of the region in terms of business and education through North-South co-operation and international linkages.

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