Web Summit leaves Ireland after €725k of State funding

The Government couldn’t prevent the Web Summit choosing an alternative host city from next year despite funnelling over €700,000 of taxpayers’ money into the event over the past three years.

Figures seen by the Irish Examiner show that €725,000 of support was given to the event since 2012 through the State’s two main business and employment agencies Enterprise Ireland extended €405,800 of funding over that time.

IDA Ireland, which is tasked with attracting foreign direct investment to the country, gave an additional €320,000, excluding Vat, to the support pot over the past three years.