Industrial Development Act, 1981

Industrial Development Act, 1981 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1981 Industrial Development Act, 1981 Industrial Development Act, 1981 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 13 of 1981 INDUSTRIAL DEVELOPMENT ACT, 1981 ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Grants and loan guarantees. 3. Maximum amount of certain grants. 4. Training grants. 5. Guarantee of loans to industrial undertakings. 6. Guarantee of loans for industrial re-structuring. 7. Guarantee of loans and interest subsidy for enterprise development. 8. Research grants. 9. Power to purchase shares in certain industrial undertakings. 10. Short title, construction and collective citation. Acts Referred to Industrial Development Acts, 1969 to 1978 Industrial Development Acts, 1969 to 1981 Industrial Development Act, 1969 1969, No. 32 Industrial Development (No. 2) Act, 1975 1975, No. 29 Industrial Development Act, 1977 1977, No. 37 Industrial Development Act, 1978 1978, No. 29 Industrial Grants Act, 1956 1956, No. 48 Industrial Grants Acts, 1959 to 1969 Industrial Grants (Amendment) Act, 1966 1966, No. 12 Undeveloped Areas Act, 1952 1952, No 1 Undeveloped Areas Acts, 1952 to 1969 Number 13 of 1981 INDUSTRIAL DEVELOPMENT ACT, 1981 AN ACT TO AMEND AND EXTEND THE INDUSTRIAL DEVELOPMENT ACTS, 1969 TO 1978. [26th May, 1981] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definitions. 1.—In this Act— “the Act of 1975” means the Industrial Development (No. 2) Act, 1975 ; “the Act of 1977” means the Industrial Development Act, 1977 ; “the Act of 1978” means the Industrial Development Act, 1978 ; “the Principal Act” means the Industrial Development Act, 1969 . Grants and loan guarantees. 2.—(1) The following subsections are substituted for subsections (2) (a) and (3) (a) of section 17 of the Principal Act (inserted by the Act of 1978): “(2) (a) The aggregate amount of grants made by the Authority under the Industrial Grants Act, 1956 , and of grants (other than grants under section 12 of the Act of 1952) made by An Foras Tionscal and the Minister under the Undeveloped Areas Acts, 1952 to 1969, and the Industrial Grants Acts, 1959 to 1969, and by the Authority under this Act, and of payments made by An Foras Tionscal and the Minister on foot of guarantees given by An Foras Tionscal and the Minister under the Industrial Grants Act, 1959, and of payments made by An Foras Tionscal or the Authority under section 4 of the Act of 1966, and of payments made by the Authority under section 15 of this Act, and of shares purchased or taken by the Authority under section 44 of this Act, and of grants made by the Authority under section 2 or 3 of the Industrial Development Act, 1977 , shall not exceed £1,500,000,000. (3) (a) The aggregate amount of grants under section 12 of the Act of 1952, section 3 of the Industrial Grants Act, 1956 , and subsection (1) (b) of this section (excluding any amounts required by the Authority to enable it to meet its obligations or liabilities arising from guarantees under section 37 of this Act or section 2 or 3 of the Industrial Development Act, 1977 ) shall not exceed £1,500,000,000.”. (2) The following paragraph is substituted for paragraph (b) of section 17 (2) of the Principal Act (inserted by the Act of 1977): “(b) The aggregate amount of moneys guaranteed in respect of principal by the Authority under section 37 of this Act or section 2 or 3 of the Industrial Development Act, 1977 , and outstanding, and of payments made by the Authority in respect of principal on foot of guarantees under any of those sections, shall not at any time exceed £125,000,000.”. (3) The following paragraph is substituted for paragraph (b) of section 17 (3) of the Principal Act (inserted by the Act of 1977): “(b) The aggregate amount of grants made by the Minister to the Authority to enable it to meet its obligations or liabilities arising from guarantees under section 37 of this Act or section 2 or 3 of the Industrial Development Act, 1977 , in respect of principal shall not exceed £125,000,000.”. Maximum amount of certain grants. 3.—The following section is substituted for section 42 of the Principal Act (inserted by the Act of 1978): “42. (1) The total amount of moneys granted under one or more of the following sections of this Act, namely, sections 33, 34, 35 and 46, to or in respect of a particular industrial undertaking shall not exceed £2,500,000. (2) Notwithstanding anything in this section, the Government may, in respect of a particular industrial undertaking, permit the making of a grant or grants under one or more of the sections referred to in subsection (1) of this section exceeding in amount £2,500,000, provided that in each such case the percentage limits specified in sections 33 (2), 34 (2), 35 (2) and 35 (4) of this Act (as may be appropriate) are not exceeded.”. Training grants. 4.—The following subsection is substituted for subsection (4) of section 39 of the Principal Act (inserted by the Act of 1978): “(4) The Authority shall not, without the prior permission of the Government, give in respect of a particular undertaking a training grant or training grants exceeding in the aggregate £2,000,000.”. Guarantee of loans to industrial undertakings. 5.—The following subsection is substituted for subsection (5) of section 37 of the Principal Act (inserted by the Act of 1975): “(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 of repayment of principal exceeding £750,000.”. Guarantee of loans for industrial restructuring. 6.—The following subsection is substituted for subsection (2) of section 2 of the Act of 1977: “(2) The Authority shall not, without the prior permission of the Government, give a guarantee in respect of moneys borrowed in connection with an acquisition or amalgamation referred to in subsection (1) of this section where the aggregate amount of the principal of any moneys the subject of the guarantee exceeds £750,000.”. Guarantee of loans and interest subsidy for enterprise development. 7.—The following subsection is substituted for subsection (2) of section 3 of the Act of 1977: “(2) The Authority shall not, without the prior permission of the Government, give a guarantee in respect of moneys borrowed in respect of working capital for an undertaking referred to in subsection (1) of this section, 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 moneys the subject of the guarantee and the amount of the grant payable towards the reduction of interest exceed in the aggregate £300,000.”. Research grants. 8.—The following paragraphs are substituted for paragraphs (a) and (b) of section 40 (4) of the Principal Act (inserted by the Act of 1977): “(a) Subject to paragraph (b), the amount of a research grant shall not exceed 50 per cent. of the approved costs of the project concerned or £250,000, whichever is the smaller sum. (b) The amount of a research grant may, with the approval of the Government in a particular case, exceed £250,000 by such sum as the Government shall in that case specify but provided that the percentage limit specified in paragraph (a) of this subsection is not exceeded.”. Power to purchase shares in certain industrial undertakings. 9.—The following subsection is substituted for section 44 (4) of the Principal Act (inserted by the Act of 1977): “(4) The Authority shall not, without the prior permission of the Government, expend more than £1,500,000 in the purchase or taking of shares in a particular body corporate.”. Short title, construction and collective citation. 10.—(1) This Act may be cited as the Industrial Development Act, 1981. (2) The Industrial Development Acts, 1969 to 1978, and this Act shall be construed together as one Act and may be cited together as the Industrial Development Acts, 1969 to 1981. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais