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Enterprise Ireland paid €100m to the State as VC deals came good

The business support agency transferred the proceeds to the Exchequer in February this year

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Leo Clancy is CEO of Enterprise Ireland

Leo Clancy is CEO of Enterprise Ireland

Leo Clancy is CEO of Enterprise Ireland

Leo Clancy is CEO of Enterprise Ireland

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Leo Clancy is CEO of Enterprise Ireland

Enterprise Ireland returned more than €100m in proceeds generated from its investments last year to the Exchequer, the Irish Independent has learned.

It’s believed to be the single biggest amount ever returned by the agency to the public purse for a single year and comes on the back of record breaking valuations for venture-backed businesses in Ireland and elsewhere in 2021. The 2021 return compares to a €12m payment for 2020.


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