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InterTradeIreland

Dáil Éireann Debate, Thursday - 24 June 2021

Thursday, 24 June 2021

Questions (167, 171)

Louise O'Reilly

Question:

167. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost to increase funding to InterTradeIreland by 20%. [33971/21]

View answer

Louise O'Reilly

Question:

171. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of a 50% increase in funding to InterTradeIreland. [33976/21]

View answer

Written answers

I propose to take Questions Nos. 167 and 171 together.

The Deputy will be aware that Intertrade Ireland as a North South body receives funding from both my Department and from our counterpart Department in the Northern Ireland Administration. Insofar as my Department is concerned, a Further Revised Estimate setting out the allocations for 2021in respect of the various programmes funded from my Department’s Vote is expected to be submitted to the Dáil for approval shortly. It is expected that Intertrade Ireland will be provided with a gross allocation of €11.036 million from the DETE Vote for its use in 2021.

On the basis of Intertrade’s expected DETE allocation for 202I, increasing its budget by 20% would cost approximately €2.207 million and a budget increase of 50% would cost approximately €5.518 million.

The Deputy should be aware that Intertrade received significant additional funding in 2020 to assist them in their response to both Covid and Brexit. The 2021 Further Revised Estimate will also provide Intertrade with further additional funding to help it  address these ongoing challenges.

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