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Enterprise Ireland Funding

Dáil Éireann Debate, Thursday - 17 July 2014

Thursday, 17 July 2014

Questions (317)

Dara Calleary

Question:

317. Deputy Dara Calleary asked the Minister for Jobs, Enterprise and Innovation the total budget for local enterprise offices in 2014; and if he will make a statement on the matter. [32499/14]

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Written answers

A total of €29.4m (€10.9m on current expenditure and €18.5m for capital supports) was allocated for expenditure on County Enterprise Development via the Local Enterprise Offices (LEOs) in 2014. Expenditure of this funding will be monitored using the agreed Service Level Agreement between Enterprise Ireland and each Local Authority.

The Capital budget €18.5m secured for the LEOs this year represents an increase of €3.5m on the original 2013 Capital allocation, which is a strong indication of the Government’s support for the micro and small business sector, at a time of pressure on public finances. In addition to normal grant aid funding, the 2014 Capital allocation is being used to fund the innovative Ireland’s Best Young Entrepreneur (IBYE) competition, which was recently launched by the Taoiseach, and a new LEO Graduate Recruitment Programme.

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