847. Deputy Matt Shanahan asked the Minister for Further and Higher Education, Research, Innovation and Science to provide an overall assessment of the likelihood of a borrowing framework for the technological sector to be in place before March 2025. [42795/24]

As you are aware, funding was approved to assist the Technological University (TU) sector in developing a student accommodation programme based on a regional needs and feasibility assessment.

The objective of the TU feasibility study is to establish an accurate “as is” account of available student accommodation supply; project future supply and demand for accommodation; and to ascertain what opportunities are available to meet the future demand for student accommodation.

The Higher Education Authority (HEA) is currently overseeing the development of preliminary business cases with the sector. Initial submissions from the higher education institutions were assessed by the HEA earlier this year. Options include purpose built student accommodation both on and off campus, joint ventures, and repurposing of vacant or derelict properties. The HEA continues to work with the sector and final preliminary business cases are due to the Department in Q2, 2025.

Timelines are contingent on all parties involved being in a position to resource and deliver work packages in an efficient and expedient manner.

The TU feasibility study is progressing in tandem with the standardised design study for student accommodation to ensure a value for money response. The outcomes of these studies will provide a framework of delivery models and funding options, including consideration of a TU borrowing framework, which will require approval by Government.

The impacts, risks and responsibilities arising from such funding and delivery mechanisms are key considerations in this context. Safeguards will be required to ensure that projects would not adversely impact the resources or financial position of TUs, or the wider public finances. Stated requisite oversight, risk evaluation, project management and attendant governance and regulatory processes are essential.

My Department will continue to work within the parameters of the public spending code to deliver on state supported student accommodation provision.