Industrial Development Act, 1993

Functions of Forbairt.

7.—The functions of Forbairt shall be, as an agency of Forfás—

(a) to develop industry in the State,

(b) to strengthen the technological base and the capacity of industry to innovate,

(c) to provide services which support such development,

(d) to make investments in and provide supports to industrial undertakings which comply with the requirements of the enactments for the time being in force,

(e) to administer such schemes, grants and other financial facilities requiring the disbursement of European Community Funds as may from time to time be authorised by the Minister with the concurrence of the Minister for Finance, and

(f) to carry out such other functions as may from time to time be assigned to it by Forfás with the consent of the Minister.