One year ago last week, the Taoiseach announced the establishment of the strategic investment fund and he is well aware that we need an amendment to the existing legislation, the National Pensions Reserve Fund Act 2000, to allow the National Pensions Reserve Fund to invest in the strategic investment fund that is supposed to help venture capital and long-term capital for small and medium-sized enterprises, SMEs. Given that it is a cornerstone of the job creation strategy one year on, amendments have not been coming forward and it is not on the list for the rest of the year. When are we likely to see legislation brought forward in order that the strategic investment fund announced by the Government on 28 September last year can finally be established?

A great deal of work has been done on this. It is to give effect to that commitment for investment in Irish infrastructure for Irish jobs. I cannot give an accurate date for publication but it is receiving priority. The use of the NewERA concept and the National Pensions Reserve Fund for investment in Irish infrastructure has been the subject of a great deal of discussion.

That is a blast from the past.

We are now one year on.

I cannot give an accurate date for its introduction but it is moving along. It is not too far away.