Thursday, 4 July 2019

Questions (169)

Robert Troy

Question:

169. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation the capital spend to date in 2019; the capital carry-over from 2018, by subhead; the provision under each subhead including the capital carry-over from 2018 provided for in the Revised Estimates Volume for 2019; the details of the significant overspends or underspends under each subhead; the action that will be taken to deal with same; and if she will make a statement on the matter. [29000/19]

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Written answers (Question to Business)

The Capital allocation to my Department in 2019 is €620 million. This represents an increase of 11.7% on our 2018 allocation of €555 million. The total Capital allocation monies expended by the Department at the end of May was €201.68 million. This is some €16 million (7%) behind profile. In addition the Department carried over €27.6 million in capital from 2018, of this carry-over, €24.8 million was expended to the end of May, this is €1 million behind profile. The breakdown of the capital allocations and the end of May expenditure position, by subhead, is set out in the following table.

Subhead

2019 REV AllocationCAPITAL(€,000)

Expenditure to end May 2019CAPITAL(€,000)

Variance from Profile + Ahead of Profile - Behind Profile(€,000)

A4 - Intertrade Ireland

6,695

3,867

+116

A5 - IDA Ireland*

162,800*

44,500*

0

A6 - NSAI

500

0

-50

A7 - Enterprise Ireland

65,750

13,200

-11,800

A8 - Local Enterprise Development

27,500

13,600

0

A9 - Temporary Partial Credit Guarantee Scheme

500

176

-64

A10 - INTERREG Enterprise Development

3,000

1,758

-268

A14 – Future Growth loan Scheme

6,000

1,269

-4,731

A15 – Humanitarian Relief Scheme

1

0

-1

B4 – Enterprise Ireland

122,000

33,415

0

B4 – Science Foundation Ireland**

179,550**

80,984**

0

B4 – Tyndall Institute

5,500

1,045

0

B5 – Programme for Research in Third Level Institutions

24,300

20,320

0

B6 – Subscriptions to International Organisations

23,504

12,348

-210

B9 – Disruptive Technologies Innovation Fund

20,000

0

0

Total***

647,600***

226,482***

-17,008

*Includes Capital Carryover from 2018 of €20.8m

**Includes Capital Carryover from 2018 of €6.8m

***Includes Capital Carryover from 2018 of €27.6 million

As advised, capital expenditure, including carryover, was a total of €17 million behind profile as at the end of May. This is essentially due to a number of instances where there has been a delay in the roll out of certain programmes and also other instances where greater than anticipated amounts of Own Resource Income have been generated by a number of Agencies of the Department, thereby substituting the need for exchequer funding.

Notwithstanding the advised end of May capital expenditure position, I am satisfied that the Department will fully expend its capital allocation, as I am conscious of the importance of our capital programmes in getting business Brexit ready, driving indigenous enterprise and regional growth, getting business Brexit ready and investing in research and innovation.