Source: http://revisedacts.lawreform.ie/eli/1986/act/9/revised/en/html
Timestamp: 2020-01-18 02:53:59
Document Index: 410729010

Matched Legal Cases: ['art. 1', 'art. 1', 'art. 1', 'art. 1', 'art. 1', 'art. 2', 'art. 2', 'art. 4', 'art. 2', 'art. 1', 'art. 3', 'art. 2', 'art. 2', 'art. 1', 'art 2', 'art. 1']

This Revised Act is an administrative consolidation of the Industrial Development Act 1986. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
• Industrial Development (Amendment) Act 2018 (19/2018)
• Industrial Development Act 1995 (28/1995)
• Industrial Development (Amendment) Act 1991 (30/1991)
• Industrial Development (Service Industries) Order 2010 (S.I. No. 81 of 2010)
• Industrial Development (Services Industries) Order 2003 (S.I. No. 458 of 2003)
• Industrial Development (Service Industries) Order 1998 (S.I. No. 253 of 1998)
• Industrial Development Act, 1986 (Designated Areas) Order 1988 (S.I. No. 346 of 1988)
• Industrial Development Act (Section 31) Order 1987 (S.I. No. 29 of 1987)
• Public Service (Transfer of Departmental Administration and Ministerial Functions) Order 1987 (S.I. No. 81 of 1987)
• Industrial Development Act 1986 (Commencement) Order 1986 (S.I. No. 105 of 1986)
Triennial review of national industrial performance (Repealed).
Land not immediately required for purpose of section 16.
Sale, lease or disposal of land in accordance with section 16.
Exercise of compulsory powers.
Functions of Bord Pleanála.
Aggregate limits on investment aid.
Remuneration etc. of members of Authority (Repealed).
Staff of Authority (Repealed).
Membership of Houses of Oireachtas or Assembly of European Communities (Repealed).
AN ACT TO CONSOLIDATE WITH AMENDMENTS THE INDUSTRIAL DEVELOPMENT AUTHORITY ACT, 1950, THE INDUSTRIAL DEVELOPMENT ACTS, 1969 TO 1981, THE UNDEVELOPED AREAS ACTS, 1952 TO 1969, AND THE INDUSTRIAL GRANTS ACTS, 1959 TO 1969, AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [6 th May, 1986]
Previous affecting provision: functions and powers of the Industrial Development Authority conferred on it by Part III assigned to Forbairt or IDA and term “the Authority” construed (6.07.1993) by Industrial Development Act 1993 (19/1993), s. 9, commenced on enactment; ceased to have effect (1.08.2014) by Industrial Development (Forfás Dissolution) Act 2014 (13/2014), s. 18(6), commenced as per subs. (8) and S.I. No. 341 of 2014.
1.— (1) This Act may be cited as the Industrial Development Act, 1986.
Power pursuant to section exercised (7.05.1986) by Industrial Development Act 1986 (Commencement) Order 1986 (S.I. No. 105 of 1986).
2. The 7th day of May, 1986, is hereby fixed as the day on which the Industrial Development Act, 1986, shall come into operation.
“ the Authority” means the Industrial Development Authority;
F1 [ ‘ Act of 1966 ’ means the Housing Act 1966 ; ]
“ designated area” means any area which, by virtue of section 4 , is for the time being a designated area;
“ factory building” means a building which is used or intended to be used for carrying on an industrial undertaking together with any other building which is subsidiary or ancillary thereto and is used or intended to be used for a purpose connected with the undertaking;
“ fixed assets” means machinery, plant, equipment, land, buildings, services and other works of or for an industrial undertaking;
F1 [ ‘ IDA ’ means the Industrial Development Agency (Ireland); ]
“ industrial estate” means an area of land used mainly for industrial purposes and purposes ancillary or incidental thereto and having on it at least two factory buildings;
“ industrial undertaking” includes an undertaking ancillary to industry and a service industry, and “ industry” shall be construed accordingly;
“ land” includes messuages, tenements and hereditaments, houses and buildings of any tenure;
“ local authority” has the same meaning as in section 2 of the Local Government Act, 1941;
“ member” means member of the Authority;
“ repealed enactment” means an enactment repealed by this Act;
“ service industry” means an undertaking to which an order under section 3 applies.
( c) a reference to any other enactment shall, unless the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment, including this Act.
Inserted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 2, S.I. No. 361 of 2018.
Title of Minister altered (2.09.2017) to that of Minister for Business, Enterprise and Innovation by Jobs, Enterprise and Innovation (Alteration of Name of Department and Title of Minister) Order 2017 (S.I. No. 364 of 2017), art. 1(2) and 3.
Previous affecting provision: title of Minister altered (2.06.2011) to that of Minister for Jobs, Enterprise and Innovation by Enterprise, Trade and Innovation (Alteration of Name of Department and Title of Minister) Order 2011 (S.I. No. 245 of 2011), art. 1(2) and 3.
Previous affecting provision: title of Minister altered (2.05.2010) to that of Minister for Enterprise, Trade and Innovation by Enterprise, Trade and Employment (Alteration of Name of Department and Title of Minister) Order 2010 (S.I. No. 185 of 2010), art. 1(2) and 3.
Previous affecting provision: title of Minister altered (12.07.1997) to that of Minister for Enterprise, Trade and Employment by Enterprise and Employment (Alteration of Name of Department and Title of Minister) Order 1997 (S.I. No. 305 of 1997), art. 1(2) and 3.
Previous affecting provision: title of Minister altered (20.01.1993) to that of Minister for Enterprise and Employment by Industry and Commerce (Alteration of Name of Department and Title of Minister) Order 1993 (S.I. No. 19 of 1993), art. 1(2) and 3.
3.— (1) The Minister may by order provide that any undertaking engaged in the provision of a service specified in the order shall be a service industry for the purposes of this Act.
(3) An order under section 3 of the Industrial Development (No. 2) Act, 1981, in force immediately before the commencement of this section shall continue in force and shall be deemed to be an order made under this section.
Power pursuant to subs. (1) exercised (23.02.2010) by Industrial Development (Service Industries) Order 2010 (S.I. No. 81 of 2010), in effect as per art. 2.
Previous affecting provision: power pursuant to subs. (1) exercised (24.09.2003) by Industrial Development (Services Industries) Order 2003 (S.I. No. 458 of 2003), in effect as per art. 2; revoked (23.02.2010) by Industrial Development (Service Industries) Order 2010 (S.I. No. 81 of 2010), art. 4, in effect as per art. 2.
Previous affecting provision: power pursuant to subs. (1) exercised (23.07.1998) by Industrial Development (Service Industries) Order 1998 (S.I. No. 253 of 1998), in effect as per art. 1(2); revoked (24.09.2003) by Industrial Development (Services Industries) Order 2003 (S.I. No. 458 of 2003), art. 3, in effect as per art. 2.
4.— (1) Subject to subsection (3), each of the areas set out in the Third Schedule and any area which the Minister, with the consent of the Minister for Finance, by order declares to be a designated area shall be a designated area for the purposes of this Act.
Power pursuant to section exercised (1.01.1989) by Industrial Development Act 1986 (Designated Areas) Order 1988 (S.I. No. 346 of 1988), in effect as per art. 2.
5.— (1) A local authority may, if they think fit, remit two-thirds of a rate leviable by them in respect of premises to which this section applies.
( a) are certified by the Authority to have been provided for an industrial undertaking either by the Authority or by means of a grant made by the Authority, and
( b) are situate in an area which at the time of the provision of the premises was a designated area under a repealed enactment or is a designated area under this Act.
Functions under subss. (3), (5) and (7) transferred (1.08.2014) by Industrial Development (Forfás Dissolution) Act 2014 (13/2014), s. 18 and sch., commenced as per subs. (8) and S.I. No. 341 of 2014.
2. Subsections (3), (5) and (7) of section 5, paragraphs (a), (c) to (h) and (j) of subsection (1) of section 11 , sections 16, 18 to 32 , 36 and 37 of the Industrial Development Act 1986.
6.— F2 [ … ]
Repealed (6.07.1993) by Industrial Development Act 1993 (19/1993), s. 4 and sch., commenced on enactment.
7.— (1) The Minister may by order revoke or amend an order made by him under any provision of this Act other than section 1 .
9.— The enactments specified in the Fourth Schedule are hereby repealed to the extent mentioned in the third column of that Schedule.
10.— (1) F3 [ … ]
(3) F3 [ … ]
12.— (1) F6 [ … ]
(3) The terms and conditions of every delegation made by the Authority under subsection (2) or under section 4 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1970, as amended by section 6 of the Shannon Free Airport Development Company Limited (Amendment) Act, 1983, and by section 9 of and the Fourth Schedule to this Act shall be subject to the approval of the Minister.
(4) F6 [ … ]
(5) F6 [ … ]
13.— (1) The Minister may give the Authority such general policy directives as he considers appropriate having regard to the provisions of this Act.
14.— (1) F7 [ … ]
(2) F7 [ … ]
£125,000,000 converts to approximately €158,717,260 in accordance with Council Regulation (EC) No 974/98 of 3 May 1998 and Council Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro.
Previous affecting provision: subs. (2) amended (31.12.1991) by Industrial Development (Amendment) Act 1991 (30/1991), s. 9(b), S.I. No. 363 of 1991; repealed as per F-note above.
15.— (1) F8 [ … ]
(2) The aggregate amount of money guaranteed in respect of principal and interest by the Authority under this Act, section 37 of the Industrial Development Act, 1969 and sections 2 and 3 of the Industrial Development Act, 1977 and outstanding and of payments made by the Authority in respect of principal and interest on foot of guarantees under any of these sections shall not at any time exceed the aggregate amount specified in section 14 (3) .
16.— (1) For the purpose of providing or facilitating the provision of sites or premises for the establishment, development or maintenance of an industrial undertaking F9 [ IDA, in furtherance of its functions (whether conferred by or under this Act or any other enactment), may, subject to sections 16A , 16B and 16C ] —
( a) acquire any land either permanently or temporarily and either by agreement or compulsorily;
( b) acquire (either permanently or temporarily and either by agreement or compulsorily) any easement, way-leave, water-right or other right whatsoever over or in respect of any land or water;
( c) terminate, restrict or otherwise interfere with (either permanently or temporarily and either by agreement or compulsorily) any easement, way-leave, water-right or other right whatsoever over or in respect of any land or water;
( d) construct, adapt and maintain buildings and other works;
( e) provide services and facilities in connection with land;
( f) sell, lease or otherwise dispose of land vested in it;
( g) make grants to aid persons to—
( h) do any act or thing which may be necessary for or incidental to the doing of anything which the Authority is by the preceding paragraphs F9 [ authorised to do. ]
(2) The provisions of the Second Schedule shall apply to the exercise by F11 [ IDA ] of its powers under this section.
(3) Nothing in subsection (1) shall be construed as affecting the operation of section 130 of the Transport Act, 1944.
F12 [ (4) Notwithstanding subsections (1) and (2) of section 18 of the Industrial Development (Forf á s Dissolution) Act 2014, and the Schedule to that Act, the functions conferred by this section shall be performable by IDA only. ]
Substituted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 3(a)(i), (ii), S.I. No. 361 of 2018.
Deleted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 3(a)(iii), S.I. No. 361 of 2018.
Substituted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 3(b), S.I. No. 361 of 2018.
Inserted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 3(c), S.I. No. 361 of 2018.
Functions referred to in:
Application of subs. (1) restricted (1.01.1996) by Industrial Development Act 1995 (28/1995), s. 3(4), S.I. No. 308 of 1995.
(4) Forfás and each Agency may sell, lease or otherwise dispose of land otherwise than in accordance with subsection (1) of section 16 of the Industrial Development Act, 1986, with the express consent of the Minister.
Previous affecting provision: application of section extended (1.01.1996) by Industrial Development Act 1995 (28/1995), s. 3(3), S.I. No. 308 of 1995; repealed (1.08.2014) by Industrial Development (Forfás Dissolution) Act 2014 (13/2014), s. 18(7), commenced as per subs. (8) and S.I. No. 341 of 2014.
F13 [ Land not immediately required for purpose of section 16
16A. Subject to sections 16B and 16C , the powers conferred by subsection (1) of section 16 may be exercised —
(a) in respect of land not immediately required for the purpose referred to in that subsection if, in the opinion of IDA, the land will or is likely to be required for such a purpose in the future, and
(b) whether or not, at the time of the exercise of the powers concerned, an industrial undertaking is identified for such a purpose. ]
Inserted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 4, S.I. No. 361 of 2018.
F14 [ Sale, lease or disposal of land in accordance with section 16
16B. (1) The powers conferred by paragraph (f) of subsection (1) of section 16 may only be exercised where an industrial undertaking is identified for the purpose referred to in that subsection and IDA —
(a) considers that industrial development will or is likely to occur as a result of the exercise of those powers, and
(b) is satisfied as to the matters specified in subsections (3) and (4)(b) , (c) , (d) and (e) of section 21 in respect of that undertaking.
(2) In the case of land which has been compulsorily acquired under subsection (1) of section 16 , the powers conferred by paragraph (f) of that subsection may only be exercised in respect of that land for the purpose of that subsection by way of the grant of a lease.
(3) This section is without prejudice to section 3(4) of the Industrial Development Act 1995 . ]
Inserted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 5, S.I. No. 361 of 2018.
F16 [ Functions of Bord Plean á la
16D. (1) The Board shall have the same functions in relation to a compulsory purchase order made by IDA by virtue of subsection (2) of section 16C as it has under Part XIV of the Act of 2000 in relation to a compulsory acquisition of land by a local authority under the Act of 1966, and for that purpose, a reference (howsoever expressed) in the Act of 2000 to the functions transferred to the Board under that Part shall include a reference to the performance of those functions by the Board in relation to such an order.
(a) sections 216(1), 217(3), (5), (6), (6A) and (7), 217A, 217C(1), 218(1), (3) and (4), 219 and 221(1), (2), (3), (5), (7) and (8) of the Act of 2000 shall, with any necessary modifications, apply in relation to a compulsory purchase order made by virtue of subsection (2) of section 16C as if references in that Act to a local authority were to IDA, and
(b) sections 50 and 50A of the Act of 2000 shall, with any necessary modifications, apply in respect of the performance by the Board of its functions under subsection (1) in the same manner as those sections apply in respect of the performance by the Board of a function transferred under Part XIV of that Act.
‘ Act of 2000 ’ means the Planning and Development Act 2000 ;
‘ Board ’ means An Bord Plean á la. ]
Inserted (19.09.2018) by Industrial Development (Amendment) Act 2018 (19/2018), s. 7, S.I. No. 361 of 2018.
17.— No stamp duty shall be payable on any instrument under which any land, easement, way-leave, water-right or other right whatsoever over or in respect of the land or water is acquired by the Authority.
18.— (1) The Authority may accept a gift of money, land or other property on such trusts and conditions as may be specified by the donor.
19.— (1) The Authority may, with the consent of the Minister given with the concurrence of the Minister for Finance, borrow temporarily by arrangement with bankers or otherwise such sums as it may require for the purpose of providing for current expenditure.
(2) In this section “ current expenditure” includes expenditure by the Authority in the exercise of any of its functions, whether of an administrative or of a capital nature.
Functions under section transferred to Minister for Public Expenditure and Reform (6.07.2011) by Ministers and Secretaries (Amendment) Act 2011 (10/2011), ss. 9, 20 and sch. 2 part. 1, S.I. No. 401 of 2011.
20.— The Authority may, out of money at its disposal, from time to time engage such consultants or advisers as it may consider necessary for the discharge of its functions.
Deleted (25.07.2003) by Industrial Development (Science Foundation Ireland) Act 2003 (30/2003), s. 28, S.I. No. 325 of 2003.
21.— (1) The Authority may make a grant, on such terms and conditions as it thinks proper, towards the cost of fixed assets of or for an industrial undertaking to which this section applies.
( a) will produce products for sale primarily on world markets, in particular those products which will result in the development or utilisation of local materials, agricultural products or other natural resources; or
( b) will produce products of an advanced technological nature for supply to internationally trading or skilled sub-supply firms within the State; or
( c) will produce products for sectors of the Irish market which are subject to international competition; or
( d) is a service industry as specified by the Minister by order under section 3 .
( a) financial assistance is necessary to ensure the establishment or development of the undertaking;
( b) the investment proposed is commercially viable;
( c) it has an adequate equity base;
( d) it has prepared a suitable company development plan; and
( e) it will provide new employment or maintain employment in the State that would not be maintained without assistance given under this Act and increase output and value added within the economy.
(5) F17 [ … ]
Previous affecting provision: subs. (5)(a) substituted (31.12.1991) by Industrial Development (Amendment) Act 1991 (30/1991), s. 9(c), S.I. No. 365 of 1991; deleted as per F-note above.
23.— (1) The Authority may, in the case of an industrial undertaking which conforms to the criteria set out in subsections (3) and (4) of section 21 , make a grant on such terms and conditions as it thinks proper towards a reduction of the interest payable on a loan raised to provide fixed assets for that undertaking.
Functions under subs. (3) transferred and references to “Department of Finance” and “Minister for Finance” construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3, 5 and sch. 1 part 2, in effect as per art. 1(2), subject to transitional provisions in arts. 6-9.
24.— (1) The Authority may guarantee the due repayment of part (not exceeding 80 per cent.) of the principal of any money (including money in a currency other than the currency of the State) borrowed in respect of fixed assets of an industrial undertaking or the payment of interest on such money or both the repayment of the principal and the payment of such interest, if (in each such case) the undertaking conforms to the criteria set out in subsections (3) and (4) of section 21 .
(5) The Authority shall not, without the prior permission of the Government, give in respect of a particular industrial undertaking a guarantee under this section where the amount of the principal of any money guaranteed exceeds F18 [ £ 1,200,000 ] .
Substituted (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(a), commenced on enactment.
£1,200,000 converts to approximately €1,523,686 in accordance with Council Regulation (EC) No 974/98 of 3 May 1998 and Council Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro.
26.— (1) For the purpose of promoting the restructuring of industry, the Authority may, in the case of the acquisition by an industrial undertaking of the whole or part of another industrial undertaking or in the case of an amalgamation between two or more industrial undertakings, in addition to any other power conferred on it by this Act—
( a) make a grant, on such terms and conditions as it thinks proper, towards the reduction of interest payable on a loan raised in connection with such an acquisition or amalgamation,
( b) guarantee the due repayment of the whole or part of the principal of any money (including money in a currency other than the currency of the State) borrowed in connection with such an acquisition or amalgamation or the payment of interest on such principal or both the repayment of the principal and the payment of such interest.
(2) The Authority shall not, without the prior permission of the Government, give a guarantee in respect of money borrowed in connection with an acquisition or amalgamation referred to in subsection (1) or make a grant towards the reduction of interest payable on a loan raised for such purposes where the amount of the principal of any money the subject of the guarantee and the amount of the grant payable towards the reduction of interest exceed in the aggregate F21 [ £ 1,200,000 ] .
Substituted (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(c), commenced on enactment.
27.— (1) For the purpose of encouraging the establishment of an industrial undertaking which conforms to the criteria set out in subsections (3) and (4) of section 21 by a suitably qualified person who has not, or has not to a significant extent, previously been an owner of an industrial undertaking, the Authority may, in addition to any other power conferred on it by this Act—
( a) make a grant, on such terms and conditions as it thinks proper, towards the reduction of interest payable on a loan raised to provide working capital for such an undertaking,
( b) guarantee the due repayment of part (not exceeding 80 per cent.) of the principal of any money (including money in a currency other than the currency of the State) borrowed in respect of working capital for such an undertaking or the payment of interest on the part so guaranteed of such principal or both the repayment of such part and the payment of such interest.
(2) The Authority shall not, without the prior permission of the Government, give a guarantee in respect of money borrowed in respect of working capital for an undertaking referred to in subsection (1) or make a grant towards the reduction of interest payable on a loan raised to provide working capital for such an undertaking, where the amount of the principal of any money the subject of the guarantee and the amount of the grant payable towards the reduction of interest exceed in the aggregate F22 [ £ 480,000 ] .
Substituted (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(d), commenced on enactment.
£480,000 converts to approximately €609,474 in accordance with Council Regulation (EC) No 974/98 of 3 May 1998 and Council Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro.
F26 [ Research grants.
29. — (1) Following consultation with such bodies as may be specified by the Minister from time to time, the Authority may make a grant (in this section referred to as a research grant), subject to subsection (5) , on such terms and conditions as it thinks proper towards the cost of research and development to which this section applies.
(2) This section applies to research and development which —
( a ) has as its primary object the promotion or development of new or improved industrial processes, methods or products, and, in particular, such processes, methods or products as are likely either to involve the use or development of local materials, agricultural products or other natural resources or to offer prospects of expansion in existing industry, promotion of new industry or to increase industrial employment or to enhance the viability, competitiveness or strategic importance of existing industry in the State, and
( b ) is carried out wholly or mainly in the State and wholly or mainly sponsored by one or more than one industrial undertaking in the State.
(4) ( a ) Subject to paragraph (b) , the amount of a research grant shall not exceed 50 per cent of the approved costs of the research and development concerned or F27 [ € 7,500,000 ] whichever is the smaller sum.
( b ) The amount of a research grant may, with the approval of the Government in a particular case, exceed F27 [ € 7,500,000 ] by such sum as the Government shall in that case specify, provided that the percentage limit specified in paragraph (a) is not exceeded.
( c ) In this section ‘ approved costs ’ means in relation to a particular research grant, such expenditure by the industrial undertaking or undertakings concerned as the Authority is satisfied has been or will be incurred for the purpose of promoting the research and development concerned and has been or will be expended on —
(iii) the payment of fees or other remuneration to technical advisers consulted in connection with the research and development;
(iv) the salaries and wages paid to and the travel and subsistence expenses of persons engaged on the research and development or in identifying product or process development prospects within the industrial undertaking; and
(v) overhead charges associated with the research and development concerned.
(7) The Authority shall not, without the prior permission of the Government, give in respect of a particular industrial undertaking, research grants exceeding in the aggregate the higher of —
( a ) F27 [ € 7,500,000 ] ; or
( b ) F27 [ € 7,500,000 ] in excess of the aggregate amount of research grants for which the permission of the Government has previously been obtained by the Authority. ]
Substituted (25.07.2003) by Industrial Development (Science Foundation Ireland) Act 2003 (30/2003), s. 31, S.I. No. 325 of 2003.
Amended (19.05.2009) by Industrial Development Act 2009 (11/2009), s. 3(c), commenced on enactment.
Previous affecting provision: subss. (4)(a), (b) and (7)(a), (b) amended (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(f), (g), commenced on enactment; substituted as per F-note above.
30.— (1) Following consultation with such bodies as may be specified by the Minister from time to time, the Authority may make a grant (in this section referred to as a technology acquisition grant) to an industrial undertaking on such terms and conditions as it thinks proper towards the costs of acquiring product or process technology to which this section applies, if the undertaking conforms to the criteria set out in subsections (3) and (4) of section 21 and the product or process technology so acquired will assist the undertaking to achieve the objectives of the said subsection (3).
(5) ( a) Subject to paragraph (b), the amount of a technology acquisition grant shall not exceed 50 per cent. of the approved costs of acquisition of the technology concerned or F28 [ £ 400,000 ] , whichever is the smaller sum.
( b) The amount of a technology acquisition grant may, with the approval of the Government in a particular case, exceed F28 [ £ 400,000 ] by such sum as the Government shall in that case specify, provided that the percentage limit specified in paragraph (a) is not exceeded.
( c) In this section “ approved costs” means in relation to a particular technology acquisition grant, such expenditure by the industrial undertaking or undertakings concerned as the Authority is satisfied has been incurred for the purpose of acquiring the product or process technology concerned and has been expended on—
( a) F29 [ £ 800,000 ] ; or
( b) F29 [ £ 800,000 ] in excess of the aggregate amount of technology acquisition grants for which the permission of the Government has previously been obtained by the Authority.
Substituted (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(h), commenced on enactment.
Substituted (13.07.1998) by Industrial Development (Enterprise Ireland) Act 1998 (34/1998), s. 34(2)(i), commenced on enactment.
£400,000 converts to approximately €507,895 and £800,000 converts to approximately €1,015,790 in accordance with Council Regulation (EC) No 974/98 of 3 May 1998 and Council Regulation (EC) No 2866/98 of 31 December 1998 on the conversion rates between the euro and the currencies of the Member States adopting the euro.
32.— (1) Where, in the opinion of the Authority, a factory building is, or is intended to be, used for the purpose of or in connection with the carrying on of an industrial undertaking which conforms to the criteria set out in subsections (3) and (4) of section 21 and is held under a lease or other letting subject to a rent or other payment, the Authority may make grants, upon such terms and subject to such conditions as it thinks proper to impose, to the person entitled to the rent or other payment to enable him to reduce such rent or payment.
33.— (1) Where in respect of an industrial undertaking grants or a loan guarantee have been made under two or more of the sections to which this section applies, the aggregate amount of such grants together with the capitalised value of the loan guarantee under section 24 shall not exceed the percentage limits specified in section 21 (2) .
(2) This section applies to sections 21, 22, 23 and 32 .
F34 [ Aggregate limit on investment aid.
34. — Without the prior permission of the Government, the total amount of money granted under sections 21 (as amended by the Industrial Development (Science Foundation Ireland) Act 2003), 22 or 25 (inserted by the Industrial Development (Science Foundation Ireland) Act 2003) to a particular undertaking or expended in the purchase or taking of shares in the same industrial undertaking under section 31 (as amended by the Industrial Development (Science Foundation Ireland) Act 2003) shall not exceed in the aggregate the higher of —
( a ) F35 [ € 15,000,000 ] ; or
( b ) F35 [ € 15,000,000 ] in excess of the aggregate amount of such grants for which the prior permission of the Government has previously been obtained. ]
Substituted (25.07.2003) by Industrial Development (Science Foundation Ireland) Act 2003 (30/2003), s. 33, S.I. No. 325 of 2003.
Substituted (19.05.2009) by Industrial Development Act 2009 (11/2009), s. 3(e), commenced on enactment.
35.— Where, under any of the preceding sections of this Part, the permission of the Government is required for the making of a grant or loan guarantee or the purchase of shares, the Government may, in lieu of granting such permission, grant permission to the Authority for the expenditure of a lower amount in respect of such grant, guarantee or purchase or may grant permission subject to such conditions as the Government may specify.
36.— For the purpose of making a grant or other payment under this Part, the Authority may, subject to the provisions of this Part, determine at its discretion the cost or value of assets of an industrial undertaking or the capital value of any payments made to or benefits received or receivable by an industrial undertaking.
37.— Whenever there is a contravention of a term or condition attached to a grant or other payment under this Part, the amount of such grant or payment shall be repayable to the Authority and in default of being so repaid may be recoverable by the Authority as a simple contract debt.
38.— F36 [ … ]
39.— F37 [ … ]
F38 [ … ]
42.— (1) The Authority shall not, without the consent of the Minister, disclose any document in its custody or under its control, production of which is sought in relation to any legal proceedings.
F39 [ … ]
F42 [ THIRD SCHEDULE
The counties of Cavan , Donegal , Galway , Laois , Leitrim , Longford , Louth , Mayo , Monaghan , Offaly , Roscommon , Sligo and Westmeath . ]
Substituted (19.05.2009) by Industrial Development Act 2009 (11/2009), s. 3(f), commenced on enactment.
In section 4, the words “ or in respect of housing for employees in industry”.