The annual budget allocations for my Department's offices and agencies are set out in the annual Revised Estimates Volume. The total allocations for 2018 and 2019 are set out in the table below;
Revised Estimates Volume Allocations
|
2018 Allocations(€,000)
|
2019 Allocations(€,000)
|
Offices of the Department
|
|
|
Companies Registration Office(Including the Registry of Friendly Societies)
|
7,875
|
7,875
|
Employment Appeals Tribunal
|
290
|
230
|
Office of the Director of Corporate Enforcement
|
5,057
|
6,057
|
Labour Court
|
3,800
|
3,876
|
Patents Office
|
3,004
|
3,033
|
Workplace Relations Commission
|
14,014
|
15,014
|
Agencies of the Department
|
|
|
InterTradeIreland
|
8,125
|
9,145
|
IDA Ireland
|
180,780
|
214,470*
|
National Standards Authority of Ireland
|
6,224
|
6,646
|
Enterprise Ireland
|
272,998
|
299,818**
|
Science Foundation Ireland
|
177,565
|
191,115***
|
Health and Safety Authority
|
19,275
|
19,783
|
Competition and Consumer Protection Commission
|
12,226
|
12,577
|
Personal Injuries Assessment Board
|
112
|
115
|
Irish Auditing and Accounting Supervisory Authority
|
2,105
|
2,112
|
*Includes Capital Carryover of €20.8 million from 2018
**Includes Disruptive Technologies Innovation Fund
***Includes Capital Carryover of €6.8 million from 2018
My Department’s allocation in Budget 2019 increased to over €950 million, an overall increase of 9.1% on the 2018 allocation of €871 million. This included the highest Capital allocation ever of €620 million.
The overall additional capital and current funding in 2019 has allowed us to;
- Provide additional supports to the Local Enterprise Office in order to expand their reach
- Provide further transformational supports for indigenous enterprise to respond to Brexit challenges, including the new longer-term Brexit loan scheme
- Provide additional resources to the Office of the Director of Corporate Enforcement on its establishment as the primary independent statutory Agency in the area of corporate enforcement
- Ramp up of R&D investment in support of Government’s science strategy “Innovation 2020”, via the Disruptive Technologies Innovation Fund, renewal of SFI research centres and the continued rollout of the SFI PHD programme.
The increased allocation to my Department clearly demonstrates the Government’s strong commitment to getting business Brexit ready, driving indigenous enterprise and regional growth and investing in research, development and innovation.