Repayment of IDA grants

Summary

Walsh asked whether the firm would have to repay aid; the Minister said the IDA would decide whether any portion of the grants was repayable.

Joe Walsh Mr. J. Walsh Fianna Fáil

Is the Minister aware that this company has been set up for less than ten years? In the circumstances will they have to make a refund of some of the substantial incomes they received from the IDA?

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Edward Collins Mr. E. Collins Fine Gael

It may very well be that a proportion of the grants paid to the company will be repayable. It will be a matter for the IDA to decide.

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