Peadar Tóibín (Meath West, Sinn Fein)
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Question 26: To ask the Minister for Finance when the Strategic Investment Bank will be set up; the staff requirements needed in the new bank; the branch structure envisioned for the new bank; the way this bank will be established; the way this bank will be funded; and if he will make a statement on the matter. [5399/11]

Michael Noonan (Limerick City, Fine Gael)
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The Government has published a comprehensive programme setting out its goals over the full range of policy concerns. The Government will address this programme over its term of office in a measured and prioritised way. I would draw the Deputy's attention to those elements of the programme for Government which refer to reform of the way in which Government spending is assessed, planned, decided and reviewed. Major projects, as the setting up of a Strategic Investment Bank undoubtedly is, will require a detailed business case or, where appropriate, a cost-benefit analysis. When the necessary detailed assessment and planning work has been done, the Government will be in a position to decide on the timing and the structure for setting up the Strategic Investment Bank.

The detailed requirements of the Strategic Investment Bank in relation to staffing, branch structure, and funding will be decided at the appropriate time.