John Brady (Wicklow, Sinn Fein)
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460. To ask the Minister for Finance to provide an update on the development of the Greystones media campus, which is partly funded by the Strategic Investment Fund; and if he will make a statement on the matter. [23419/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I refer the Deputy to the responses given by the then Ministers for Finance to Parliamentary Questions No 122 (Ref No. 28575/24) and No. 120 (Ref No. 26235/24) for background on the proposed development.

The Ireland Strategic Investment Fund (ISIF) has invested in Greystones Media Campus Ltd (GMC) on a commercial basis as a minority investor. ISIF has invested alongside Hackman Capital Partners, the controlling majority shareholder, and Capwell, another minority shareholder.

I understand that the film and TV production sector globally faced significant challenges in recent years which negatively impacted new film studio development projects worldwide including in Ireland generally and in Greystones. The timing and scope of the project in Greystones is determined by the company, not ISIF.

ISIF regularly engages with the company and other shareholders regarding the proposed development. While I understand that ISIF has committed to invest up to €24m in GMC to part fund the acquisition of the site and the development of a film studio, it should be noted this is the value of its commitment and does not represent the amount invested. As ISIF’s investments in projects and businesses are often undertaken on a phased basis as a project progresses or as a business evolves, the commitment figure should not be seen as reflective of the amount that ISIF has actually invested to date. As ISIF is a commercial investor it is not able to provide any non-public or commercially sensitive information related to its investment in the company.