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NewERA (New Economy and Recovery Authority) provides centralised financial and commercial advisory services and acts as a dedicated source of corporate finance advice to Ministers of the Government with respect to the following designated bodies: ESB, Ervia, Irish Water, EirGrid, Bord na Móna, Coillte and, with effect from 29 March 2018, An Post.

On request by a Government Minister, NewERA also provides financial and commercial advisory services in relation to other State bodies or assets.

In addition, NewERA works with relevant stakeholders to develop proposals for investment in energy, telecommunications, water, forestry and with effect from 29 March 2018, postal services, to support economic activity and employment. For more information on NewERA’s activities, please see the NewERA section of the NTMA Annual Report 2017.

NewERA’s annual financial review of the six State-owned entities within its remit can be found here.

NewERA has 22 full-time staff who have a mix of accounting, actuarial, commercial, economic and financial expertise. The team is led by Eileen Fitzpatrick, who is a member of the NTMA senior management team.