John Deasy (Waterford, Fine Gael)
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191. To ask the Minister for Finance the status of the Ireland Strategic Investment Fund; and the regional breakdown of projects funded to date. [54616/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will be aware, the Ireland Strategic Investment Fund (“ISIF”) has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. 

ISIF have informed me that, as at 30 September 2017 ISIF’s Discretionary Portfolio (as distinct from ISIF’s Directed Portfolio which relates to certain directed investments in the Irish banking sector) was valued at €8.6 billion and ISIF had committed €3.0 billion to investment in Ireland.

The regional information sought by the Deputy is available on ISIF’s website: . As at end December 2016, ISIF investment had supported 22,000 direct and indirect jobs in the Irish economy. The table below shows the percentage split on a regional basis of the jobs supported, capital deployed and Gross Value Added (GVA) achieved by ISIF:

Gross Value Added (GVA) is a standard measure of economic activity, with GDP comprising the aggregate of GVA at enterprise level across the economy.

As set out in Slide 8 of the ISIF Economic Impact Report, available on ISIF’s website, as at end December 2016 the regional impact of its investments is in line with the CSO’s national spread of economic activity as measured by Gross Value Added (GVA).

ISIF will shortly publish its 2017 year-end update which will include detailed economic impact data to 30 June 2017.