My Department officials have been in contact with Enterprise Ireland in relation to the company in question and while Enterprise Ireland, as a State development Agency, at all times aims to provide the best value for money to taxpayers and the State, it cannot guarantee absolutely that every company funded will succeed or deliver on its objectives and developmental targets.
Nevertheless robust procedures are in place to ensure that utmost due diligence is undertaken in advance of approving public monies to companies.
Enterprise Ireland's policies and processes are also audited by the Comptroller and Auditor General, while internal audits are also undertaken at regular intervals to ensure that the Agency complies with best practice at all times.