Seán Sherlock (Cork East, Labour)
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Question 85: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the number of companies that have applied to date for assistance under the €100 million enterprise stabilisation fund; the number of applications accepted; the amount paid out to date in 2010; and if she will make a statement on the matter. [11381/10]

Mary Coughlan (Donegal South West, Fianna Fail)
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The Enterprise Stabilisation Fund was established by Government in 2009 as a 2 year scheme to support viable but vulnerable exporting companies experiencing difficulties because of the current economic climate. Client companies of Enterprise Ireland, IDA, Údarás Na Gaeltachta and Shannon Development across all sectors within manufacturing and internationally traded services are eligible to apply. In 2009, €58m was spent on 180 projects, supporting approximately 7,500 jobs. To date in 2010, 26 applications have been received of which 9 companies have been approved to provide support for some 200 jobs. A total of €3.265m has been paid out in 2010 relating to approvals given in 2009. Payments for 2010 approvals are currently being processed.