Industrial Development Act, 1993

Functions of IDA.

8.—The functions of IDA shall be, as an agency of Forfás—

(a) to promote the establishment and development, in the State, of industrial undertakings from outside the State,

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

(c) 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

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