Monday June 1, 2020

Enterprise Ireland’s investment returns slide

The state agency sold off €88m worth of shares in Irish companies last year

Barry J Whyte

Chief Feature Writer

@whytebarry
18th August, 2019
2
Enterprise Ireland sold its stake in Ardmore Studios, home of Penny Dreadful, in March last year for €6 million.

Enterprise Ireland (EI)’s investment returns fell in 2018 while the amount it spent supporting Irish businesses through grants and investments also dropped, its latest annual report shows.

The state agency – which is responsible for developing start-up businesses in Ireland – saw the net financial return from its investments drop from €38.5 million in 2017 to €24.2 million in 2018, its annual report states.

Meanwhile, the total value of its various financial supports to Irish businesses...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago