Brian Stanley (Laois-Offaly, Sinn Fein)
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Question 63: To ask the Minister for Finance the preparatory steps being taken in 2011 to set up the Strategic Investment Bank; the assessments or analysis being undertaken; the models of funding being explored to set up and run this bank; and if he will make a statement on the matter. [9657/11]

Michael Noonan (Limerick City, Fine Gael)
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The Programme for Government contains a clear commitment to creating a Strategic Investment Bank that will become a provider of finance to large capital projects, a conduit for venture capital and a lender to SMEs. As I indicated in a reply to PQ 5399 on 23 March, the Government will only be in a position to decide on the timing and the structure for setting up the Strategic Investment Bank when the necessary detailed assessment and planning work has been done. Therefore it would be premature to discuss its functions and responsibilities at this stage. For the same reasons the Government Legislation Programme for the summer session which was published on 5 April does not contain legislation in relation to the Strategic Investment Bank.