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Dáil
‹ Order of Business

Strategic investment bank

Summary

Mick Wallace asks whether the promised State-controlled strategic investment bank remains planned. The Taoiseach says work is continuing, though the proposal is complicated.

The programme for Government includes a promise for the establishment of a State-controlled strategic investment bank. It was interesting to note the French introduced such an institution two weeks ago, which will pump €42 billion into small and medium-sized businesses. Is a State-controlled strategic investment bank still on the cards for the Government?

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Seán Barrett An Ceann Comhairle Fine Gael

Sorry, is there legislation in respect of this issue?

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Enda Kenny The Taoiseach Fine Gael

Work is under way on this matter all the time. While it is a complicated matter, work is proceeding in that regard.

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It has been nearly two years.

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Seán Barrett An Ceann Comhairle Fine Gael

I call Deputy Mattie McGrath.

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Enda Kenny The Taoiseach Fine Gael

It takes a while.

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