Financial Services

Wednesday, 18 February 2026

Ceisteanna (46)

Cathal Crowe

Ceist:

46. Deputy Cathal Crowe asked the Tánaiste and Minister for Finance if companies (details supplied) are in receipt of moneys from the Ireland Strategic Investment Fund (ISIF) via or through its investments in third party funds; if any ISIF monies, directly, indirectly or via third party funds or equity, are invested in any entity currently seeking planning permission for the proposed Ballycar, Oatfield or Knockshanvo wind farms located in County Clare; if the companies or entities are allowed to use said monies to fund expenses (including legal representation, engineering reports and expert consultant opinions) they are incurring as part of their quest to obtain planning permission from An Coimisiún Pleanála to develop wind farms in County Clare; and if he will make a statement on the matter. [13172/26]

Amharc ar fhreagra

Freagraí scríofa

Tánaiste and Minister for Finance

The National Treasury Management Agency (NTMA) has informed me that the Ireland Strategic Investment Fund (ISIF) discloses its investments annually in the NTMA Annual Report.

ISIF constructs its portfolio in accordance with its statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.

It achieves this through a range of mechanisms, including investing directly in individual businesses and investing alongside co-investors in funds, platforms or other collective investment vehicles which subsequently invest capital on behalf of ISIF and other investors.

Investment decisions taken by vehicles of this nature are made on a commercial basis independently of ISIF and are a matter for the vehicles concerned.

As a commercial investor, ISIF cannot disclose commercially sensitive information related to its investments.