Michael McGrath (Cork South Central, Fianna Fail)
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504. To ask the Minister for Jobs, Enterprise and Innovation the number of cumulative redeemable convertible preference shares Enterprise Ireland holds; the value of the investments; the number of companies that are supported in this way; and if she will make a statement on the matter. [54505/18]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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Enterprise Ireland provides financial and non-financial supports to clients. Support to client companies is tailored to the company’s stage of development, its business plan and level of ambition. In 2017 Enterprise Ireland provided €203,276,000 in financial support to industry (figures for 2018 will not be available until Enterprise Ireland’s 2018 Annual Report is published later this year). This financial support was administered to clients via equity investments such as Cumulative Convertible Redeemable Preference Shares (CCRP) Shares and Ordinary Shares and grant aid.

In 2017 Enterprise Ireland made 388 equity investments in 319 companies totalling €36.9m. These investments were matched by domestic and international investors. At the end of 2017 Enterprise Ireland’s Direct Equity Portfolio held equity investments in 1,526 client companies. This portfolio generated income of €26.8m from share sales, share redemptions and dividends.

The table below details the level of investment by Enterprise Ireland in companies using CCPR Shares as of September 2018 (figures for year end are not available).

EI CCRP Portfolio at (as of the September 2018)