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InterTradeIreland Funding

Dáil Éireann Debate, Thursday - 6 April 2017

Thursday, 6 April 2017

Ceisteanna (359)

Maurice Quinlivan

Ceist:

359. Deputy Maurice Quinlivan asked the Minister for Jobs, Enterprise and Innovation the budget allocation for InterTradeIreland in each of the years 2014 to 2016 and to date in 2017. [17226/17]

Amharc ar fhreagra

Freagraí scríofa

As InterTradeIreland is based in Newry, its working currency is sterling. Exchange rate fluctuations between the euro and sterling can therefore impact on the level of the Department's financial contributions to the Body.

The total amount of annual funding provided by my Department to InterTradeIreland from 2014-2016 was as follows:-

Year

Amount

2014

€7.762m

2015

€7.840m

2016

€7.560m

The allocation for 2017 amounts to €7.960 million, of which €831,000 has been transferred to date.

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