Enterprise Support Services
Dail Éireann — 2026-01-13
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Naoise Ó Muirí (FG), Dublin Bay North

I thank the Minister of State. I welcome the commitment of €250 million. In effect, it is venture capital provided by the State. From dealing with private venture capital funds, I know they extract their pound's worth. They look for an annual return of anything from 30% to 35% and try to get out of the business after two or three years, which does not provide the sort of space, investment and continuity required for fledgling businesses to succeed, as well as what they need in terms of building up markets, products, etc.
Typically, the jobs are pretty high value. In fairness to Enterprise Ireland, it has a good track record in identifying and nurturing those companies and putting the right agreements in place to be able to invest in them. It also gives those companies the space to make their own mistakes and develop and learn as they go.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-01-13/debate/main
Retrieved: 2026-08-14T04:54:30+00:00
Sitting date: 2026-01-13