Jennifer Whitmore (Wicklow, Social Democrats)
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42. To ask the Minister for Finance the amount of the €24 million committed by the ISIF has been transferred to the developer of the Greystones media campus to date; if conditions were placed on that funding; and if he will make a statement on the matter. [24614/25]

Jennifer Whitmore (Wicklow, Social Democrats)
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43. To ask the Minister for Finance the engagement there has been between the ISIF and the developers of the Greystones media campus in relation to the site since the lease was entered into; if the ISIF raised concerns regarding a lack of progress to date with the developers; and if he will make a statement on the matter. [24615/25]

Jennifer Whitmore (Wicklow, Social Democrats)
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44. To ask the Minister for Finance the basis on which the ISIF invested in the Greystones media campus project; and when the ISIF envisaged it would be operational; and if he will make a statement on the matter. [24616/25]

Jennifer Whitmore (Wicklow, Social Democrats)
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45. To ask the Minister for Finance the bodies he has engaged with in relation to the Greystones media campus from 2020 to date; the extent of the engagement he has had with each body; and if he will make a statement on the matter. [24617/25]

Jennifer Whitmore (Wicklow, Social Democrats)
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46. To ask the Minister for Finance for a progress report on the development of the Greystones media campus; and if he will make a statement on the matter. [24618/25]

Jennifer Whitmore (Wicklow, Social Democrats)
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47. To ask the Minister for Finance if a mechanism is in place for the State to recoup any or all of its investment in the Greystones media campus in the event that the development does not proceed; and if he will make a statement on the matter. [24619/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 42 to 47, inclusive, together.

For some background on the proposed development I refer the Deputy to the responses given by the then Ministers for Finance to Parliamentary Questions reference numbers 23419/25, 28575/24 and 26235/24.

As the Deputy is presumably aware, the Ireland Strategic Investment Fund (ISIF) has invested in 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.

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 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 cannot disclose any non-public or commercially sensitive information related to its investment in the company.

For my part, since taking up my portfolio as Minister for Finance in January this year, I haven’t had any engagement with the parties involved in the Greystones Media Campus (GMC) nor would I expect to do so given the commercial nature of the project.