Jonathan O'Brien
Ceist:157. Deputy Jonathan O'Brien asked the Minister for Business, Enterprise and Innovation the capital allocation across her Department in each of the years 2018 to 2022. [20443/18]
Amharc ar fhreagraWednesday, 9 May 2018
Ceisteanna (157, 158, 159)
Jonathan O'Brien
Ceist:158. Deputy Jonathan O'Brien asked the Minister for Business, Enterprise and Innovation her Department's capital allocation for projects under way and projects already tendered or committed to spending contractually. [20460/18]
Amharc ar fhreagraJonathan O'Brien
Ceist:159. Deputy Jonathan O'Brien asked the Minister for Business, Enterprise and Innovation her Department's capital allocation in each of the years 2018 to 2022 disaggregated according to capital allocated to projects under way, projects contractually committed to and projects yet to be initiated. [20477/18]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 157 to 159, inclusive, together.
The 2018 Revised Estimates Volume published by the Department of Public Expenditure and Reform provided for capital expenditure funding of €555 million for use by my Department 2018. The breakdown of my Department’s 2018 Capital allocation, across the various programme areas, is set out in the following Table:
|
- |
2018 |
|
Science Foundation Ireland |
€166.75m |
|
IDA Ireland |
€132m |
|
Enterprise Ireland – Subhead A7 |
€63m |
|
Enterprise Ireland – Subhead B4 (R&D) |
€122m |
|
Local Enterprise Offices |
€22.5m |
|
Memberships of International Research Organisations (eg ESA & others) |
€20.25m |
|
Programme for Research in Third Level Institutions |
€14.3m |
|
InterTrade Ireland |
€5.69m |
|
Interreg |
€3.00m |
|
Tyndall National Institute |
€4.50m |
|
National Standards Authority of Ireland |
€0.50m |
|
Credit Guarantee Scheme |
€0.50m |
|
Total |
€555m |
The Deputy will be aware that the recently published National Development Plan (NDP) sets out a high-level financial and budgetary framework, which includes indicative Exchequer allocations, for each Ministerial Vote Group, over a five-year period from 2018 to 2022. The indicative allocations for my Department are set out in the following table:
|
2018 |
2019 |
2020 |
2021 |
2022 |
|
€555m |
€620m |
€630m |
€640m |
€715m |
The precise budgetary Ministerial capital ceilings for the years 2019 to 2022 will be determined as part of the relevant annual Estimates processes.
The Deputy will be aware that the NDP, which is a ten year plan out to 2027, also set out the investment priorities necessary to achieve the National Strategic Outcome 5: A Strong Economy, supported by Enterprise, Innovation and Skills. I and my Department are working to accelerate implementation of the key initiatives for which I have lead responsibility including:
- In early April I launched the second phase of the €60m Regional Enterprise Development Fund. This is part of a rolling programme of competitive calls over the coming years, and builds on the €31m of awards I announced in December 2017;
- I am currently developing the scheme for the Disruptive Technologies Fund will be rolled out later this year and I look forward to announcing the first awards in 2019;
- My Department is currently completing a review of the Seed and Venture Capital Scheme 2013-2018 and I will then bring forward proposals for a further scheme in 2019;
- IDA Ireland is continuing to invest in property solutions to attract investments into the regions;
- The number of world class Science Foundation Ireland Research Centres will increase further this year with the establishment of the Future Milk Centre;
- Additional funding is being provided in 2018 and beyond to increase the number of PhD qualified researchers from higher education sector;
- With the aid of funding from my Department and the Department of Agriculture, Food and Marine and support of the SBCI and EIB, I and Ministers Creed and Donohoe announced a new €300 million Brexit working capital loan fund for businesses with less than 500 employees at the end of March. My Department is also working with colleagues in the Department of Agriculture, Food and Marine, SBCI and EIB on developing a long-term loan scheme for businesses affected by Brexit.
While the NDP is at a very early stage of its existence, I am determined to maximise the potential impacts of the funding being provided to my Department in the first five years of the Plan as set out above so as to ensure sustainable growth and quality employment for all.