PART IV

Grants and Industrial Incentives

33. —The Act of 1993 is hereby amended by the substitution for section 11 of the following section:

“Grants to Forfás, IDA and Enterprise Ireland.

11.—(1) There may be paid by the Minister to Forfás, IDA and Enterprise Ireland, out of moneys provided by the Oireachtas, grants of such amounts as the Minister, with the consent of the Minister for Finance, may sanction—

(a) to enable Forfás, IDA and Enterprise Ireland to meet its administration and general expenses, and

(b) to discharge its obligations and liabilities.

(2) The aggregate amount of grants made by the Minister to Forfás and the Agencies under subsection (1)(b) (other than grants to which section 14 (3) of the Act of 1986 applies) shall not exceed £1,500,000,000.”.

34. —(1) The Act of 1993 is hereby amended by the substitution for section 12 of the following:

“Industrial Incentives.

12.—(1) Without the prior permission of the Government, the total amount of money granted to a particular industrial undertaking under any section referred to in section 34 of the Act of 1986 shall not exceed in the aggregate the higher of—

(a) £4,000,000, or

(b) £4,000,000 in excess of the aggregate amount of grants for which the prior permission of the Government has previously been obtained.

(2) Enterprise Ireland and IDA may make grants on such terms and conditions as they think proper towards employment of a person in a service industry (within the meaning of the Act of 1986).”.

(2) The Act of 1986 is hereby amended by the substitution—

(a) in section 24 (5), for “£750,000” of “£1,200,000”,

(b) in section 25 (4), for “£1,250,000” of “£2,000,000”,

(c) in section 26 (2), for “£750,000” of “£1,200,000”,

(d) in section 27 (2), for “£300,000” of “£480,000”,

(e) in section 28 (4), for “£2,000,000” of “£3,200,000”,

(f) in section 29 (4)(a) and (b), for “£250,000” of “£400,000”,

(g) in section 29 (7)(a) and (b), for “£500,000” of “£800,000”,

(h) in section 30 (5)(a) and (b), for “£250,000” of “£400,000”,

(i) in section 30 (6)(a) and (b), for “£500,000” of “£800,000”, and

(j) in section 31 (4) for “£1,500,000” of “£2,500,000”.

35. —The Shannon Free Airport Development Company Limited (Amendment) Act, 1986 , is hereby amended—

(a) in section 2 , by the substitution for “£150,000,000” (inserted by section 10 of the Industrial Development (Amendment) Act, 1991 ) of “£200,000,000”, and

(b) in section 3 , by the substitution for “£200,000,000” (inserted by section 8 of the Act of 1995) of “£250,000,000”.