Dáil Éireann Debate, Tuesday - 31 January 2023
151. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment if he will specify the breakdown of the capital and current budget allocations of €14.8 million for IDA AMC, Regional Property Programme, National Institute of Bioprocessing Research and Training in the budget 2023 expenditure report, in tabular form. [4472/23]
View answerThe Government in its 2023 Budget and Estimates decisions allocated an additional €13 million in current expenditure and an extra €23 million in capital expenditure to the Department of Enterprise, Trade and Employment compared to the 2022 allocation.
The increased capital allocation will support the Department and its Agencies in building on the progress made in delivering supports to indigenous businesses, promoting regional development, attracting high quality FDI, and supporting innovation. Full details on the allocation of the Vote’s 2023 resources across spending areas is set out in the Revised Estimates Volume (REV).
This 2023 allocation will allow the Department to continue to position Ireland as a competitive, innovation-driven location in which to do business, to promote entrepreneurship, to develop a strong indigenous enterprise base, to target future inward investment and to grow exports in existing and fast-growing markets and to promote the benefits of international trade.
€14.8 million capital funding was allocated to the IDA Regional Property Programme, the IDA Digital Manufacturing Ireland (rebranded from Advanced Manufacturing Centre), and the National Institute for Bioprocessing Research and Training, (NIBRT), as set out under Programme A in the budget 2023 Expenditure Report with breakdown as follows:
|
IDA Regional Property Programme |
€4 m |
|
DMI (rebranded from AMC) |
€7.15 m |
|
NIBRT |
€2 m |
|
Client Grants |
€1.65 m |
|
TOTAL |
€14.8 m |
