Cash and cash equivalents

12 Months Ended

Dec. 31, 2022

Cash and cash equivalents [abstract]

Cash and cash equivalents

15. Cash and cash equivalents

	2022		2021
	€’000		€’000
Cash and cash equivalents		5,239		7,681
Restricted cash		2,925		-
Total cash and cash equivalents		8,164		7,681

The restricted cash relates to an amount of €2.9 million received from the Agency for Competitiveness and Innovation (“IAPMEI") as grant aid towards our C-5 development project. This cash is subject to a variety of conditions relating to its disbursements and remains restricted until such time that project development commences.