Archive for March 2012
Statement by Minister for Finance to the Dáil on 31st March Promissory Note Payment – 29th March 2012
I wish to make the following announcement to the house.
There are significant advantages to this approach:
The Government has been committed to reviewing the arrangements that were put in place to capitalise IBRC – formerly Anglo Irish Bank and Irish Nationwide. The purpose of this review is to determine if there was a way to reduce the overall cost to the State. Part of the capitalisation of IBRC was provided using promissory notes as consideration.
The second instalment under the promissory notes arrangement is due on 31 March 2012. We have the funds available in our programme to make this scheduled debt payment.
Cork South West, T.D., Noel Harrington today (Wednesday) welcomes the announcement by Minister of State for Tourism and Sport Michael Ring T.D., that a €30 million fund for important sports capital projects has been launched.
Deputy Harrington invites and urges all Sporting Organisations in West Cork, who are looking for assistance to apply for this. He added that “this is the first round of sports capital funding for four years and demonstrates the Government’s commitment to encourage more people to take part in sport”. He is delighted of the fact that “the scheme will also be open to far more clubs and groups than ever before, because a strict requirement on landownership has been relaxed. In the past, all applicants had to own their land or have it on a long lease. Minister Ring has decided that these clubs will now be able to apply for grants of up to €25,000 to upgrade facilities”.
Fine Gael Cork South West TD, Noel Harrington, has today (Wednesday) welcomed the allocation of more than €6.5 million to Cork County Council for the provision and improvement of social housing units. A significant portion of the money (€2 million) will be spent on refurbishing and regenerating existing social housing stock, which Deputy Harrington said will benefit expanding families who have outgrown their existing homes.
Fine Gael TD for Cork South West, Noel Harrington welcomes the announcement made by Minister Bruton stating that the overhaul of supports for exporters is to benefit 1800 companies. “Many of the industries, especially in Agri-Food and Fisheries, in West Cork are export driven and any assistance to support these is of great importance and will greatly enhance their existing business as well as those who are in the process of setting-up”.
Enterprise Ireland establishes new Potential Exporters Division and launches new programme of supports to get more Irish companies exporting
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, announced that a new Potential Exporters Division in Enterprise Ireland has gone live, and launched a new programme of supports for exporters in order to get more indigenous companies trading in foreign markets.