Wednesday, 26 June 2019

Questions (138)

Maurice Quinlivan

Question:

138. Deputy Maurice Quinlivan asked the Minister for Business, Enterprise and Innovation the 2018 and 2019 budget allocations for all offices and agencies under the remit of her Department in tabular form; and if she will make a statement on the matter. [27041/19]

View answer

Written answers (Question to Business)

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.