Noel Coonan (Tipperary North, Fine Gael)
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Question 122: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the number of companies in north Tipperary that have received money or are in the process of being approved for money from the Enterprise Stabilisation Fund announced in the supplementary Budget of 7 April 2009; the amount of funding they have received; her plans to increase the funding available for 2009 in view of the fact that more than 75% of the portion has been allocated; and if she will make a statement on the matter. [26095/09]

Mary Coughlan (Donegal South West, Fianna Fail)
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The provision of grant assistance to individual companies is a matter for the development agency or body concerned, and not one in which I have a direct function. Notwithstanding this, for reasons of commercial sensitivity, Enterprise Ireland will not disclose either the names of companies who have applied for assistance from the Enterprise Stabilisation Fund or the areas within which these companies operate as to do so would make some undertakings identifiable and risk undermining their future viability.

From the €50 million allocated to the fund for 2009, 16 projects have been approved to date for a total of €6 million. A further €20 million is under active negotiation with 30 companies nationwide. Enquiries have also been received from in excess of 100 companies. However, these have not as yet progressed to formal applications.

In summary, therefore, Enterprise Ireland has commitments or is in negotiations for €26 million of the fund leaving a balance of €24 million (48%) for the remainder of 2009.