Written answers

Tuesday, 13 May 2025

Department of Enterprise, Trade and Employment

Irish Stock Exchange

Photo of Aidan FarrellyAidan Farrelly (Kildare North, Social Democrats)
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530. To ask the Minister for Enterprise, Trade and Employment to provide an update on plans outlined in the Programme for Government to explore opportunities to enhance the Irish Stock Exchange, as a vital source of equity and growth for indigenous businesses. [23762/25]

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
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In supporting Ireland’s SME’s /indigenous businesses to ensure future growth, work is currently ongoing in my Department to implement the recommendations of the July 2024 Report of the Finance for Scale-ups Working Group. Three high level recommendations were presented in this report, with the aim of developing the market to deliver more efficient outcomes for Irish companies with ambitions to scale-up:

  1. Public funding, to directly add supply of capital to the market with State-backed scaling funds.
  2. Incentives to direct existing private capital, including pension funds, in the Irish market towards scaling investment funds.
  3. A review of the tax model and design instruments that incentivise investment into scaling companies.
State-backed scaling funds would aim to develop and support companies for a longer period of time such that they might reach sufficient size and structure for a potential IPO to be a viable exit route for investors.

An implementation working group, established by my Department, is currently working on turning these recommendations into concrete actions by Q3 2025. The Irish Stock Exchange participates in an expert advisory panel that supports and inputs to that implementation group's considerations.

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