Written answers
Tuesday, 30 January 2024
Department of Enterprise, Trade and Employment
Enterprise Support Services
Louise O'Reilly (Dublin Fingal, Sinn Fein)
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245. To ask the Minister for Enterprise, Trade and Employment how much money Enterprise Ireland has written off in investments it has made in companies for the years 2018, 2019, 2020, 2021, 2022 and 2023, by year, in tabular form; and if he will make a statement on the matter. [4149/24]
Neale Richmond (Dublin Rathdown, Fine Gael)
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Over the last six years Enterprise Ireland has had to write off €54.2 million of equity investments.Enterprise Ireland have confirmed that the amounts recommended for write-off have been identified as uncollectable following Enterprise Ireland’s due diligence procedure. Traditionally, uncollectable amounts stem from company liquidation or dissolution. A subset arises from settled agreements or uncollectable amounts per legal advice.
| Year | Total Equity (inc dividends) Written Off |
|---|---|
| 2018 | €14.1 million |
| 2019 | €10.6 million |
| 2020 | €8.8 million |
| 2021 | €10.4 million |
| 2022 | €3.1 million |
| 2023 | €7.2 million |
| Total 2018-2023 | €54.2 million |
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