While much of the information sought by the Deputy relates to the day-to-day business of agencies under the aegis of my Department, I will endeavour to provide an overall picture of the value of support provided to projects in the Cork region. Provision of specific details on the very many individual projects involved would place undue demands on the resources of my Department. However, the various agencies may be in a position to supply more detailed information in relation to specific projects.
IDA Ireland
During 1995 a total of £12,046,251 was paid to companies located in Cork city and county. As the IDA does not have direct access to EU funds, it is not possible to break down this amount into Exchequer and EU components.
Forbairt
Forbairt manages financial support programmes on behalf of the Department of Enterprise and Employment under a number of broad headings.
1. It manages financial support programmes under the provisions of the Industrial Development Acts, 1986-95. The total amount disbursed to firms in County Cork, including Cork city, in 1995 was £5,322,366 including £1,227,419 paid to Cork County Council. Some of these funds are co-financed by the European Social Fund. If individual projects meet the criterion set down by the ESF they are co-financed at a rate of 75 per cent.
2. Forbairt manages the Industry Research and Development Initiative (Measure 1 of the Sub-Programme for Indigenous Industry Development), and Retex Programmes which also provide funds to enterprises, both being funded by the EU to a maximum of 50 per cent. In 1995, £595,565 and £28,602 was provided to firms in County Cork under these headings.
ESF
Two EU Human Resources Community Initiatives — EMPLOYMENT and ADAPT — are supported by the European Social Fund. Both Initiatives commenced in 1995 and will operate until the end of 1999.
The EU contributes a maximum of 75 per cent of the total cost of each project and project promoters are required to raise the matching funds from other sources.
In the autumn of 1995, eight projects in the Cork region were allocated European Social Fund aid totalling £72,500 for the Project Development Phase of the EMPLOYMENT Initiative. Seven projects in the Cork region were allocated European Social Fund aid totalling £63,000 for the Project Development Phase of ADAPT.
Under the EU's Innovative Actions (Article 6) programme, which ran from 1993 to the end of 1995, one project in the Cork region was allocated £37,970 in European Social Fund aid. This EU programme was designed to test innovative approaches to employment and vocational training.