Dáil Éireann Debate, Wednesday - 1 February 2023
54. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment if he will provide a breakdown of the capital and current budget allocations for each programme under subhead A.7 ENTERPRISE IRELAND of the revised Estimate for 2023, in tabular form. [5011/23]
View answerThe purpose of the A7 subhead is to provide funding to Enterprise Ireland to enable them to deliver a range of programmes and services which contribute to enterprise development and job creation across the regions. I can confirm that the funding in the Budget 2023 Expenditure Report is allocated solely to capital expenditure.
The monies provided under this subhead relate to indigenous industry projects and are paid out in grants, equity / seed and venture capital investments and contributions to third party agencies. Payments are made following approval, due diligence and full compliance with conditions associated with the approval.
The following Table provides a breakdown on the various financial supports and investments provided under this subhead:
|
Subhead A7 Exchequer Capital - REV 2023 |
|
|
|
€'000 |
|
Financial Supports to Industry (Grant support for Employment, Training, Fixed Asset Support, Feasibility, Consultancy) |
30,000 |
|
Green Transition Fund* |
16,000 |
|
Digital Transformation Fund* |
16,000 |
|
Regional Schemes and Initiatives |
23,250 |
|
Investment in Venture Capital Funds |
10,000 |
|
Third Party Agencies funded through EI (BICs and DCCoI) |
6,500 |
|
|
|
|
|
101,750 |
In addition, the following capital supports are provided:
Grant for BAR supports €15 million.
Grant for ERDF projects €1.45 million
TOTAL 118,208
*The NRRP Capital is a combination of 2022 and 2023 allocation for each fund €10m in 2022 and a further €6m in 2023.
Ukraine Enterprise Crisis Scheme:
Funding of €4.5 million has been allocated from the capital carryover allocation of €24m in capital carryover monies for subhead A7 in REV 2023 by way of initial support for the Crisis Scheme this year. As agreed by Government, my Department will engage with the Department of Public Expenditure and Reform to secure additional substantial funding for the Scheme from the contingency identified in Budget 2023 to fund temporary measures related to ongoing impacts of Covid and the Ukrainian crisis.
