Written answers
Tuesday, 17 June 2014
Department of Finance
National Pensions Reserve Fund Plans
Andrew Doyle (Wicklow, Fine Gael)
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141. To ask the Minister for Finance if a strategic process for the National Pensions Reserve Fund has been put in place to become part of a funding mechanism for Enterprise Ireland; and if he will make a statement on the matter. [25903/14]
Michael Noonan (Limerick City, Fine Gael)
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The NTMA (Amendment) Bill 2014, once enacted, will establish the Ireland Strategic Investment Fund (ISIF). The ISIF will absorb the assets of the National Pensions Reserve Fund (NPRF) and will have a statutory mandate to invest on a commercial basis in Ireland to support economic activity and employment.
The Bill, which was published on 15 May 2014, does not provide for the ISIF becoming part of a funding mechanism for Enterprise Ireland; however, on a practical level the NPRF/ISIF collaborates with the agency on a variety of issues.
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