Peadar Tóibín (Meath West, Sinn Fein)
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Question 297: To ask the Minister for Jobs, Enterprise and Innovation if he will details the management fees and administration costs associated with Innovation Fund Ireland. [21373/12]

Richard Bruton (Dublin North Central, Fine Gael)
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The management fees associated with investments made under Innovation Fund Ireland are agreed confidentially between the parties involved and are commercially sensitive. I am therefore not in a position to provide this information. The administration of the Fund is carried out by Enterprise Ireland and the National Pensions Reserve Fund as part of their day to day operations and is met from the overall administrative budgets of the bodies concerned.