The Budget allocations for the Local Enterprise Offices (LEOs) are drawn down from my Department by the Centre of Excellence in Enterprise Ireland and disbursed to the LEOs in accordance with an agreed methodology.
The total budget allocation for each individual Local Enterprise Office (LEO) for 2015 and the amount drawn down from the Local Enterprise Development Vote to the end of April 2015 by the Centre of Excellence for allocation to each LEO is set out in the table.
LEO Budget allocations 2015 and drawdowns January-April 2015
LEO
|
2015 Allocation
|
Drawdown to end Apr 15
|
Carlow
|
€ 472,659
|
€ 110,000
|
Cavan
|
€ 654,619
|
€ 110,000
|
Clare
|
€ 447,222
|
€ 110,000
|
Cork City
|
€ 582,719
|
€ 110,000
|
Cork North/ West
|
€ 1,106,387
|
€ 110,000
|
Cork South
|
€ 806,914
|
€ 110,000
|
Donegal
|
€ 743,744
|
€ 110,000
|
Dublin City
|
€ 1,121,774
|
€ 110,000
|
Dublin South
|
€ 753,420
|
€ 110,000
|
Dun Laoghaire/ Rathdown
|
€ 707,481
|
€ 110,000
|
Fingal
|
€ 819,862
|
€ 110,000
|
Galway
|
€ 712,429
|
€ 110,000
|
Kerry
|
€ 719,580
|
€ 110,000
|
Kildare
|
€ 667,960
|
€ 110,000
|
Kilkenny
|
€ 670,136
|
€ 110,000
|
Laois
|
€ 477,010
|
€ 110,000
|
Leitrim
|
€ 575,138
|
€ 110,000
|
Limerick
|
€ 1,150,260
|
€ 210,000
|
Longford
|
€ 527,237
|
€ 110,000
|
Louth
|
€ 597,001
|
€ 110,000
|
Mayo
|
€ 559,161
|
€ 110,000
|
Meath
|
€ 658,533
|
€ 110,000
|
Monaghan
|
€ 602,237
|
€ 110,000
|
Offaly
|
€ 560,408
|
€ 110,000
|
Roscommon
|
€ 483,881
|
€ 110,000
|
Sligo
|
€ 632,897
|
€ 110,000
|
Tipperary
|
€ 1,190,764
|
€ 210,000
|
Waterford
|
€ 929,603
|
€ 210,000
|
Westmeath
|
€ 596,737
|
€ 110,000
|
Wexford
|
€ 678,131
|
€ 110,000
|
Wicklow
|
€ 735,669
|
€ 110,000
|
Total
|
€ 21,941,572
|
€ 3,710,000
|
It should be noted that a further amount totalling €7,658,807 was drawn down at the end of April and will be disbursed to the LEOs by the Centre of Excellence to meet 2015 second quarter payments under Current and Capital requirements.
The Capital budget for the LEOs for 2015 is €18.5m with the increase of €3.5m acquired in 2014 being maintained. This will enable the running of the successful IBYE (Ireland’s Best Young Entrepreneur) competition again in 2015 – details of which I will announce next week.
In addition, as announced last Friday, a competitive fund to the value of €5m will be available over the period 2015 – 2017 to the LEOs. It will operate on a competitive basis whereby LEOs can collaborate together and/or with external Parties to develop and roll-out job creation initiatives in their local region. These initiatives will focus on clearly defined opportunities, weaknesses or business challenges impacting on micro-enterprise locally, regionally and nationally in order to grow and sustain employment and to scale micro-enterprises.
I am satisfied that the monies made available to the LEOs for Local Enterprise Development are sufficient to support their crucial role in facilitating job creation at local level throughout the country.