Brian Stanley (Laois-Offaly, Sinn Fein)
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50. To ask the Minister for Enterprise, Trade and Employment the largest investment amount in a company that Enterprise Ireland has written off in the past ten years. [15532/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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The largest write off by Enterprise Ireland in the last 10 years was €3.65 million. This related to a company that EI had invested in as a minority shareholder over a 10 year period from 2002. The primary purpose of Enterprise Ireland's investment here was in support of an extensive research and development programme by the company in disruptive technology.

In general, the purpose of any investment by Enterprise Ireland is to assist companies to increase jobs and exports by ensuring availability of funding for start up and scaling companies which may otherwise not be available from the market.

Brian Stanley (Laois-Offaly, Sinn Fein)
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51. To ask the Minister for Enterprise, Trade and Employment if his Enterprise Ireland officials held any meetings with the Office of the Director of Corporate Enforcement in relation to its investment in AI firm, Altada. [15533/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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As there is currently a case involving Altada before the High Court and therefore as this matter is sub judice, Enterprise Ireland is not in a position presently to provide information on the details of it's interactions with this company or other interactions with third parties in relation to the company.

Brian Stanley (Laois-Offaly, Sinn Fein)
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52. To ask the Minister for Enterprise, Trade and Employment if Enterprise Ireland appoints nominees to boards of companies in which it holds equity; the average number of boards that an Enterprise Ireland nominee sits on; and the largest number of boards upon which any one Enterprise Ireland nominee sits (details supplied). [15534/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Enterprise Ireland’s policy is not to take more than a 10% ordinary shareholding in a company. As such, being a small minority shareholder, Enterprise Ireland’s shareholder agreement does not provide for the right to take up a Board position. Enterprise Ireland’s position and rights are protected under their terms of their shareholders agreement with the company.

Brian Stanley (Laois-Offaly, Sinn Fein)
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53. To ask the Minister for Enterprise, Trade and Employment the number of private rented sector housing cuckoo funds, and the total value of same, that Enterprise Ireland has directly or indirectly invested in through its venture capital scheme in the past ten years. [15535/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Enterprise Ireland has not invested into any housing or other property funds through its seed and venture capital fund Schemes (SVC). Through the SVC Schemes, Enterprise Ireland, supported by my Department, invests into early stage seed and venture capital funds whose mandate is to provide investment capital to Irish SMEs engaged in manufacturing or Internationally traded services activities. As part of the SVC Scheme 2019-2024, Enterprise Ireland has made €175 million available to stimulate job creation and to support the funding requirements of early-stage innovative Irish companies with global ambitions. SVC allocations are aligned primarily with the ICT, Life Sciences, Industrial and Food & Manufacturing sectors.

Brian Stanley (Laois-Offaly, Sinn Fein)
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54. To ask the Minister for Enterprise, Trade and Employment the average seven-year survival rate of companies that Enterprise Ireland has invested in through its start up investment fund. [15536/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Enterprise Ireland supports the development of export led start up companies through its High Potential Start Up Programme. Enterprise Ireland reviews the company success rate after 5 years post Enterprise Ireland Investment. The survival rate of High Potential Start Up Companies Supported by Enterprise Ireland in the period 2012 to 2016, 5 years post Enterprise Ireland investment, was 75%.

Brian Stanley (Laois-Offaly, Sinn Fein)
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55. To ask the Minister for Enterprise, Trade and Employment the total investment value that Enterprise Ireland has made in renewable energy companies in the past ten years; and to outline what percentage of Enterprise Ireland’s current total investment portfolio is in renewable energy. [15537/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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The mandate of Enterprise Ireland is in general to support manufacturing and Internationally traded services companies based in Ireland that are internationally focused.

Enterprise Ireland does not however operate any Schemes which support renewable energy companies that are generating energy for sale to the grid. EI grant aid is provided to companies under the Guidelines on State Aid for Environmental Protection and Energy 2014-2020 (extended). These supports are operated under the State Aid General Block Exemption Regulation and provide support to companies seeking to reduce the impact on the environment and to develop decolonisation programmes. Other such supports are also provided through the Green Transition Fund and the Disruptive Technologies Innovation Fund.