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Dáil
‹ Order of Business

Strategic investment fund legislation

Summary

Michael McGrath asked about legislation for the proposed €6 billion strategic investment fund; the Taoiseach said its heads had been approved and drafting would begin urgently.

Michael McGrath Fianna Fáil

I understand that yesterday the Cabinet was to discuss the establishment of a €6 billion strategic investment fund, a matter in respect of which legislation will be required in the context of the NewERA project and the use of moneys from the National Pensions Reserve Fund. When will the relevant legislation be brought forward? Was any decision on this matter made yesterday?

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Enda Kenny The Taoiseach Fine Gael

The heads of the relevant Bill were approved by the Cabinet yesterday. The legislation will be drafted as a matter of urgency but I cannot provide an exact date for its publication.

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