Public funding for SPS International

Summary

Dr. Browne asked about public funds loaned or invested in SPS International and how they are protected. The Minister said no such funding was provided apart from a small Industrial Credit Company transaction that has been fully discharged.

Noel C. Browne Dr. Browne Independent

asked the Minister for Finance the total amount of public money paid by way of loans and so on, invested in the company SPS International; and the measures that are being taken to protect this investment.

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George Colley Mr. Colley Fianna Fáil

Apart from one small transaction involving the Industrial Credit Company Limited which has been fully discharged, neither my Department nor any agency under my aegis has made any public money available by way of loan or otherwise to the company in question.

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