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.
