Dáil Éireann Debate, Tuesday - 13 June 2023
462. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the funding provided for Innovation Partnerships in 2022; and if this is capital or current funding; and the cost of increasing this funding by 10%, 20%, and 25%. [27891/23]
View answerThe Innovation Partnership Programme is funded by my Department, through Enterprise Ireland.
The Innovation Partnership Programme is designed to take businesses to the next level. The programme can help companies access the latest skills and expertise from research institutes throughout Ireland by providing up to 80% of the cost of research work towards the development of new and improved products, processes or services, or generate new knowledge and know-how.
The Innovation Partnership Programme budget outturn for 2022 was €6,819,620 which comes from capital expenditure. The table below shows the cost of increasing this funding by 10%, 20% and 25% and the total expenditure inclusive of the differing rates of increase.
|
- |
10% increase |
20% increase |
25% increase |
|
|
Budget outturn for 2022 |
€6,819,620 |
|||
|
Cost for various % increases |
€681,962 |
€1,363,924 |
€1,704,905 |
|
|
Total cost including increases |
€7,501,582 |
€8,183,544 |
€8,524,525 |
