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Regional Enterprise Development Fund Data

Dáil Éireann Debate, Thursday - 18 April 2019

Thursday, 18 April 2019

Questions (152)

Billy Kelleher

Question:

152. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation the 2017, 2018 and 2019 budget allocations to the regional enterprise development fund; the amount of the 2017 and 2018 budget allocations, respectively, expended in each such year; the number of applications for the fund by each stream in each year to date; the number of successful and unsuccessful applications, respectively, in each such year; the amount of approved funding to successful applications in each year; and the number of payments that have issued to date by county. [18299/19]

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Written answers (Question to Business)

The Government’s €60 million Regional Enterprise Development Fund, administered by Enterprise Ireland, has the objective of supporting every region to build on its unique strengths and ultimately create sustainable jobs.  Administered via two competitive calls, 42 projects were approved funding totalling €59.5 million.  The budget for this fund is part of Enterprise Ireland’s budget to support enterprise development. 

Successful projects under Call 1 and Call 2 of the fund were announced on the 11th of December 2017 and the 3rd of December 2018 respectively. 21 projects were successful under each initiative. €31.5 million was approved under Call 1 and €29 million under Call 2. 

The number of applications, successful and unsuccessful, received under each of the four funding streams, by region, is presented in the table following. Due to the collaborative nature of projects, the regional breakdown of projects presents the best overview of applications, successful and unsuccessful.

Applications under Regional Enterprise Development Fund

Region

Stream 1

Stream 2

Stream 3

Stream 4

Total

Dublin

7

7

10

4

28

Mid-East

5

8

1

1

15

Midlands

2

2

2

1

7

Mid-West

5

10

2

1

18

North East

3

2

3

0

8

North West

4

5

0

1

10

South East

1

11

2

1

15

South West

3

18

7

4

32

West

6

9

5

0

20

Total

36

72

33

12

153

Approvals under Regional Enterprise Development Fund

Region

Stream 1

Stream 2

Stream 3

Stream 4

Total

Dublin

3

1

1

1

6

Mid-East

0

2

0

0

2

Midlands

1

1

1

0

3

Mid-West

2

2

0

1

5

North East

1

0

2

0

3

North West

0

4

0

0

4

South East

0

4

0

1

5

South West

2

4

2

2

10

West

2

1

1

0

4

Total

11

19

7

5

42

Unsuccessful projects under Regional Enterprise Development Fund

Region

Stream 1

Stream 2

Stream 3

Stream 4

Total

Dublin

4

6

9

3

22

Mid-East

5

7

1

1

14

Midlands

1

1

1

1

4

Mid-West

3

8

2

0

13

North East

2

2

1

0

5

North West

4

1

0

1

6

South East

1

6

2

0

9

South-West

1

14

5

2

22

West

4

8

4

0

16

Total

25

53

26

7

111

The successful applicants from Call 1 and Call 2 are detailed in the tables following. The approved funding figures are not available for Call 1 for reasons of commercial sensitivity.  A change to the scheme document for Call 2, stated that the approved funding figures would be published as part of the fund’s requirement.

Projects approved under Call 1 of the Regional Enterprise Development Fund

Project

County

Monaghan County Enterprise Fund

Monaghan

Leitrim County Enterprise Fund

Leitrim/Cavan/Longford

Donegal Digital Innovation CLG

Donegal

BIA Innovator Campus CLG

Galway

Irish Bioeconomy Foundation CLG

Tipperary

Emerald Aerocluster CLG

Limerick/Shannon/Ireland

Insurtech Network Centre DAC

Carlow

ThreeD (Design Develop Disseminate) DAC

Waterford/South

Agritech Centre of Excellence CLG

Kerry/National

RDI Hub CLG

Kerry/National

Cork Urban Enterprises CLG

Cork

IT@Cork CLG

Cork

KerrySciTech CLG

Kerry/Cork

Sneem Innovation & Technology Services CLG

Kerry

MOL TEIC CLG

Kerry

County Kildare Community Network Company CLG

Kildare

Dublin Enterprise & Technology Centre CLG

Dublin/National

Ghala DAC

Dublin/National

Social & Local Enterprise Alliance DAC

Dublin

BPO Cluster Ireland CLG

Dublin/National

Irish Manufacturing Research CLG

Westmeath/National

Projects approved under Call 2 of the Regional Enterprise Development Fund

Project

County

Approval Amount

Galway City Innovation District CLG

Galway  

€2,487,400  

Midc Páirc Na Mara

Galway  

€2,000,000  

The Burren Lowlands CLG

Galway,   Clare

€182,786  

CIT Consortium Projects DAC

Cork,   Kerry

€336,360  

Ludgate Operations CLG

Cork  

€1,990,392  

Vista Agri 4.0 Hub CLG

Cork, Kerry,

Waterford, Tipperary

€1,865,215  

Crystal Valley Tech CLG

Waterford,

Wexford,

Carlow,

Kilkenny,

Tipperary  

€219,919  

Incupharm DAC

Waterford, Wexford,

Carlow, Kilkenny,

Tipperary  

€799,212  

National Design Innovation Hub DAC

Carlow, Kilkenny

€1,843,320  

Boyne Valley Food

Innovation District DAC

Meath, Cavan,

Monaghan,

Louth  

€1,580,640  

Mountmellick Development Association CLG

Laois  

€218,200  

Offaly Innovation & Design Centre CLG

Offaly  

€458,240  

BNest Social Initiative DAC

Limerick, Clare,

Tipperary, Cork, Kerry

€603,400  

Clare MEZ (Maritime Economic Zone) DAC

Clare  

€1,759,226  

Innovate Limerick

T/A Hospital Foods DAC

Limerick, Clare,

Tipperary  

€2,279,073  

Innovate Dublin

Communities CLG

Dublin 

€249,955  

St. Paul's Area Development Enterprise CLG

Dublin,   Mid East

€2,094,000  

Bioconnect Innovation Centre CLG

Monaghan,   Cavan 

€4,976,880  

Focused Engineering Network DAC

Monaghan,   Cavan 

€250,000  

Leitrim Food Enterprise Zone CLG

Leitrim, Cavan, Sligo,

Donegal 

€953,640  

Sligo County Enterprise Fund CLG

Sligo, Mayo,

Leitrim

€1,906,640  

Due to the collaborative nature of each project, the regional breakdown below presents the best overview of the number of payments issued to successful applicants to date:

Number of payments to successful projects under the Regional Enterprise Development Fund to date:

Region

Number of Payments

Dublin

<5

Mid-East

<5

Midlands

<5

Mid-West

<5

North East

<5

North West

<5

South East

<5

South West

8

West

<5

Total

14

Funding approved to successful projects was in the form of grants. Grant expenditure must be incurred and then inspected by Enterprise Ireland prior to payment. The payments refer to payments for approved REDF projects and does not include payments for feasibility studies.  Funding for feasibility studies under the REDF is provided to enable promoters to investigate the viability of the project and prepare final submissions for consideration. In some instances, more than one payment has been issued to successful projects under the REDF to date.

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