Written answers

Tuesday, 19 February 2008

Department of Enterprise, Trade and Employment

Departmental Agencies

9:00 pm

Photo of Martin FerrisMartin Ferris (Kerry North, Sinn Fein)
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Question 372: To ask the Minister for Enterprise, Trade and Employment if the Industrial Development Authority supported companies which have ceased to operate or which have laid off substantial numbers of their employees are liable to reimburse the authority for any investment funds received; and if so, the sums that have been reimbursed over the past ten years. [6162/08]

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)
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Where IDA supported companies close or lay off substantial numbers of employees during the period of the grant agreement they are liable to reimburse the Agency for funds received except for Training Grants. In the 10 year period 1998 to 2007 grant repayments amounting to €207,616,000 were made to the Agency. The amount repaid in each of those years is set out in the tabular statement.

Table showing the amount of grants repaid to IDA Ireland in respect of each of the Years 1998 to 2007.

Grant Recovered 1998-2007
Year€'000
199830,592
199915,409
200015,213
200121,419
200241,806
200324,569
200421,910
200511,350
200610,776
200714,572
Total207,616

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