Written answers

Wednesday, 22 May 2013

Department of Justice and Equality

Immigrant Investor Programme

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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209. To ask the Minister for Justice and Equality if he will show separately, in respect of the immigrant investor programme and the start-up entrepreneur scheme, the number of persons who have availed of each scheme to date; the amount that has been invested to date; the number of jobs that have been created; and if he will make a statement on the matter. [24741/13]

Photo of Alan ShatterAlan Shatter (Dublin South, Fine Gael)
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The Immigrant Investor Programme and the Start-up Entrepreneur Programme were opened for applications in April 2012. Since then, the Irish Naturalisation and Immigration Service have received 28 applications for the Start-up Entrepreneur Programme and 10 Applications for the Immigrant Investor Programme. Fourteen applications have been approved under the Start-up Entrepreneur Programme, seven applications have been refused, one applicant gained an alternative status and the remainder are still under consideration. Three applications have been approved under the Immigrant Investor Programme and the remainder are still under consideration. To date the total investment committed under both Programmes is of the order of €10.5 million and that it is projected that 270 jobs will be retained or created on foot of these investments in the ICT, recycling and financial services areas. In addition two organisations, one educational and the other a charity, are receiving substantial endowments to support and develop their activities.

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