The Western Development Commission was established on a statutory footing in 1999 under the Western Development Commission Act, 1998. The main aim of the Commission is to promote, foster and encourage economic and social development in the Western Region, covering counties Donegal, Leitrim, Sligo, Mayo, Roscommon, Galway and Clare.
The Western Development Commission operates the Western Investment Fund (WIF) which contributes to the development of the region by investing through equity or loans in business start-up, growth-oriented small and medium enterprises (SMEs) and in community-based measures to encourage enterprise development.
The Exchequer allocations for the Western Development Commission for each of the three years from 2019 to 2021 inclusive are detailed in Table 1 below. The figures reflect the published Revised Estimates Volume (REV) for the years in question.
There is currently no capital budget allocation for the Western Development Commission.
Table 1 – REV allocations 2019-2021, Western Development Commission
Year
|
Current €000
|
Capital €000
|
Total €000
|
2019
|
2,028
|
0
|
2,028
|
2020
|
2,049
|
0
|
2,049
|
2021
|
2,166
|
0
|
2,166
|