Capital funding for the Local Enterprise Offices (LEOs) is provided by my Department via the Centre of Excellence (CoE) in Enterprise Ireland, who distribute the funding to individual LEOs. The Capital allocations are for direct financial supports to the micro-enterprise sector (Measure 1 grants) and so-called “soft” supports for LEO clients, such as training and mentoring (Measure 2 supports). Measure 1 grants are given out to LEO client companies, in the form of priming, business expansion and feasibility grants. Since 2014, the LEOs also disburse direct Capital funding in the form of investments to successful applicants under the Ireland’s Best Young Entrepreneur (IBYE) competition.
Details of the Capital allocations to the 31 LEOs in 2015 and 2016 to date, along with details of expenditure at end June 2015, end December 2015 and end June 2016 are set out in Tables 1 and 2.
The total value of the Measure 1 direct grant assistance made by the LEOs to their clients over in this period may also include an element of refundable aid which is generated by the LEOs from repayments by clients of up to 30% of the value of the grants made. The Measure 2 expenditure may include an element of own resource income generated by the LEOs from their training courses and mentoring services, etc. These additional elements are included in the expenditure amounts in the tables.
It should be noted that the Centre of Excellence in Enterprise Ireland carry out a review of expenditure by the LEOs in September each year. Accordingly, revisions to the Capital allocations for 2016 may be made before the end of the year to maximise expenditure across the LEOs.
Table 1: LEO Capital Allocations 2016 and Expenditure End June 2016
LEO
|
2016 M1 Budget Allocation as @ 14 Sept 2016 (€)
|
2016 M2 Budget Allocation as @ 14 Sept 2016 (€)
|
M1 Expenditure (Jan 16 to End Jun 16) (€)
|
M2 Expenditure incl. IBYE (Jan 16 to End Jun 16) (€)
|
Carlow
|
180,623
|
167,565
|
83,620
|
89,240
|
Cavan
|
259,730
|
176,197
|
34,137
|
123,620
|
Clare
|
456,313
|
196,655
|
220,967
|
126,511
|
Cork City
|
212,311
|
197,600
|
144,889
|
128,030
|
Cork North/ West
|
459,954
|
382,570
|
229,487
|
205,808
|
Cork South
|
510,427
|
239,790
|
152,338
|
220,665
|
Donegal
|
232,861
|
217,079
|
106,347
|
181,200
|
Dublin City
|
562,575
|
387,422
|
304,843
|
246,145
|
Dublin South
|
338,895
|
265,452
|
184,202
|
135,008
|
Dun Laoghaire/ Rathdown
|
299,989
|
238,054
|
179,741
|
219,284
|
Fingal
|
403,203
|
269,536
|
211,871
|
189,852
|
Galway
|
276,758
|
258,688
|
134,699
|
123,027
|
Kerry
|
225,194
|
209,812
|
199,808
|
93,365
|
Kildare
|
256,976
|
239,937
|
153,538
|
140,296
|
Kilkenny
|
255,634
|
186,532
|
61,553
|
109,970
|
Laois
|
183,944
|
179,625
|
33,657
|
104,298
|
Leitrim
|
155,296
|
146,975
|
39,913
|
99,128
|
Limerick
|
582,903
|
373,516
|
280,694
|
185,601
|
Longford
|
164,167
|
160,308
|
45,107
|
76,285
|
Louth
|
464,109
|
199,305
|
57,520
|
120,890
|
Mayo
|
297,905
|
202,903
|
153,133
|
120,329
|
Meath
|
244,139
|
227,769
|
70,857
|
132,916
|
Monaghan
|
183,502
|
170,294
|
101,819
|
98,042
|
Offaly
|
191,449
|
177,825
|
100,316
|
84,184
|
Roscommon
|
176,050
|
171,959
|
38,963
|
114,916
|
Sligo
|
216,704
|
172,576
|
85,965
|
94,850
|
Tipperary
|
446,694
|
358,152
|
369,395
|
228,779
|
Waterford
|
344,646
|
337,253
|
245,051
|
121,863
|
Westmeath
|
321,096
|
182,231
|
105,754
|
98,000
|
Wexford
|
225,105
|
209,727
|
144,664
|
200,547
|
Wicklow
|
220,848
|
205,693
|
97,477
|
110,598
|
Total
|
9,350,000
|
7,109,000
|
4,372,324
|
4,323,246
|
Table 2: LEO Capital Allocations 2015 and Expenditure End June 2015 and End Dec 2015
LEO
|
Final 2015 M1 Budget Allocation (€)
|
Final 2015 M2 Budget Allocation (€)
|
M1 Expenditure (Jan 15 to End Jun 15) (€)
|
M2 Expenditure incl. IBYE (Jan 15 to End Jun 15) (€)
|
2015 M1 Expenditure (Full Year) (€)
|
2015 M2 Expenditure incl. IBYE (Full Year) (€)
|
Carlow
|
191,585
|
182,266
|
40,297
|
137,808
|
195,636
|
310,306
|
Cavan
|
300,328
|
181,298
|
101,659
|
345,261
|
303,796
|
366,562
|
Clare
|
476,308
|
202,973
|
93,011
|
46,778
|
351,182
|
271,566
|
Cork City
|
202,274
|
203,971
|
99,855
|
140,771
|
199,041
|
342,760
|
Cork North/ West
|
456,645
|
368,784
|
76,909
|
226,032
|
298,678
|
660,360
|
Cork South
|
630,427
|
274,049
|
173,976
|
255,270
|
425,156
|
422,886
|
Donegal
|
222,302
|
224,662
|
93,008
|
121,840
|
233,088
|
394,172
|
Dublin City
|
626,035
|
404,147
|
206,888
|
207,947
|
602,065
|
507,834
|
Dublin South
|
326,996
|
276,001
|
182,031
|
190,982
|
375,977
|
410,369
|
Dun Laoghaire/ Rathdown
|
289,263
|
267,227
|
214,340
|
251,516
|
390,449
|
529,532
|
Fingal
|
570,751
|
279,880
|
306,474
|
214,232
|
698,616
|
585,818
|
Galway
|
265,021
|
268,795
|
43,110
|
97,274
|
223,870
|
381,668
|
Kerry
|
274,733
|
226,842
|
46,419
|
134,109
|
285,394
|
278,518
|
Kildare
|
245,674
|
248,807
|
67,875
|
165,763
|
214,422
|
407,100
|
Kilkenny
|
246,047
|
192,372
|
90,994
|
122,761
|
243,868
|
324,531
|
Laois
|
183,944
|
185,033
|
108,034
|
128,523
|
244,659
|
197,881
|
Leitrim
|
167,105
|
146,975
|
90,576
|
116,570
|
213,628
|
313,891
|
Limerick
|
672,374
|
385,033
|
339,757
|
188,902
|
725,223
|
554,054
|
Longford
|
164,167
|
164,602
|
35,889
|
76,925
|
182,677
|
187,273
|
Louth
|
494,131
|
205,890
|
52,723
|
142,771
|
195,023
|
227,593
|
Mayo
|
357,823
|
209,703
|
174,393
|
164,202
|
279,505
|
400,073
|
Meath
|
233,317
|
236,042
|
73,664
|
189,952
|
166,085
|
334,562
|
Monaghan
|
174,427
|
175,202
|
109,046
|
82,392
|
208,518
|
247,272
|
Offaly
|
182,203
|
183,235
|
142,759
|
112,726
|
292,979
|
189,903
|
Roscommon
|
192,550
|
176,878
|
57,067
|
78,689
|
225,659
|
152,723
|
Sligo
|
216,704
|
187,554
|
66,901
|
100,692
|
170,702
|
302,934
|
Tipperary
|
516,808
|
368,952
|
329,905
|
144,040
|
686,295
|
571,637
|
Waterford
|
345,383
|
346,818
|
208,489
|
140,491
|
396,950
|
374,124
|
Westmeath
|
391,567
|
187,743
|
104,856
|
93,584
|
321,587
|
291,887
|
Wexford
|
214,840
|
216,953
|
70,515
|
198,368
|
303,780
|
410,228
|
Wicklow
|
340,634
|
222,607
|
123,036
|
150,626
|
393,945
|
349,196
|
Total
|
8,332,366
|
7,401,294
|
3,924,457
|
4,767,797
|
10,048,453
|
11,299,213
|