Dáil Éireann - Volume 400 - 27 June, 1990
Written Answers. - Grant Aid for Industry.
Mr. Rabbitte Mr. Rabbitte
20. Mr. Rabbitte asked the Minister for Industry and Commerce if he intends to introduce any new measures for vetting applications for grant aid for industry, to ensure the more efficient use of public funds, especially in view of the collapse of Ballybay Meats; and if he will make a statement on the matter.
Mr. Creed Mr. Creed
35. Mr. Creed asked the Minister for Industry and Commerce if he has satisfied himself with the way in which applications for grant aid to industry are examined; if he intends to make any changes in this regard, in view of the recent case involving Ballybay Meats.
Minister for Industry and Commerce (Mr. O'Malley) Desmond J. O'Malley
Minister for Industry and Commerce (Mr. O'Malley): I propose to take Questions Nos. 20 and 35 together. All proposals for grant assistance from the IDA have to meet certain specified criteria set out in legislation and detailed guidelines laid down by the Authority. Each proposal is subject to a detailed assessment and is required to be approved by an independent board or committee with projects involving a significant amount of financial support requiring Government approval. In my view these procedures are appropriate to ensure the efficient use of public funds.
Dáil Éireann 400 Written Answers. Grant Aid for Industry.