Tuesday, 1 October 2019

Questions (297)

Robert Troy


297. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation the 2017, 2018 and 2019 budget allocations to the regional enterprise development fund for projects in each county relating to e-hubs, enterprise spaces, incubation, food hubs and co-working; the annual amount expended for projects that were allocated funding; the number of applications to the fund relating to eHubs, enterprise spaces, incubation, food hubs and co-working respectively by county in each of the years 2017 to 2018 and to date in 2019; the number of successful and unsuccessful applications, respectively by county in each year; the approved projects annually in each county; the amount of approved funding to successful applications in each year to date by county; and the number of payments that have issued to date in tabular form. [39280/19]

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Written answers (Question to Business)

My Department and its agencies are actively engaged in the development of regional digital hubs / ehubs which enable and support new business development, provide the opportunity for business relocation, and for full-time or part-time remote working from regional locations. A number of projects which have been offered funding under, for example, the competitive Regional Enterprise Development Fund (REDF), are already prototype ehubs and should develop over time into more sustainable ehubs in their own right.

In the context of the further development of ehubs, as envisaged in Project Ireland 2040, in support of efforts to expand entrepreneurship and start-ups in every region, Enterprise Ireland is addressing the need to expand and further develop co-working initiatives including through existing community enterprise centres as set out in their recently launched regional strategy ‘Powering the Regions’.

The relevant projects funded as part of the first and second Calls of the REDF that I announced in December 2017 and December 2018 and the details sought by the Deputy are set out in the following tables. The successful projects under Call 1 were announced in December 2017, so no payments were made in 2017. In June 2019 I announced a further €45m to be made available under this Fund and this third call for applications closed on 25th September 2019. It is expected that the successful projects in the third call will be announced before the end of 2019.

REDF Funding