Dáil Éireann Debate, Thursday - 7 February 2019
148. Deputy Barry Cowen asked the Minister for Business, Enterprise and Innovation the breakdown of the €251,946,000 capital allocation in jobs and enterprise development within her Department for 2019 by specific project; the projects that will be commenced and completed in 2019, in tabular form; and if she will make a statement on the matter. [6042/19]
Amharc ar fhreagraThe following table sets out the breakdown of the capital allocation of €251,946,000 across my Department’s Jobs & Enterprise Development programme.
|
REV 2019 |
€,000 |
|
Capital |
|
|
A - JOBS AND ENTERPRISE DEVELOPMENT |
251,946 |
|
A.4 - INTERTRADE IRELAND |
6,695 |
|
A.5 - IDA IRELAND |
142,000 |
|
2. IDA Ireland - Grants to Industry |
95,000 |
|
3. IDA Ireland - Grant for Buildings |
47,000 |
|
A.6 - NSAI - G-I-A FOR ADMIN & GEN EXPS |
500 |
|
A.7 - ENTERPRISE IRELAND |
65,750 |
|
2. Enterprise Ireland - Grant to Industry |
63,250 |
|
3. Enterprise Ireland - Grant for Capital Expenditure |
2,500 |
|
A.8 - LOCAL ENTERPRISE DEVELOPMENT |
27,500 |
|
A.9 - TEMPORARY PARTIAL CREDIT GUARANTEE SCHEME |
500 |
|
A.10 - MATCHING FUNDING FOR INTERREG |
3,000 |
|
A.14 - FUTURE GROWTH LOAN SCHEME |
6,000 |
|
A.15 - HUMANITARIAN RELIEF SCHEME |
1 |
As the Deputy will be aware, much of the Department’s Capital expenditure is by way of multi-annual programmes and commitments. The Deputy will appreciate that capital supports provided through the Department’s Jobs and Enterprise Development Programme are focused on developing and promoting enterprise. These supports are mainly by way of grants to our Enterprise Agencies such as the IDA to enable them to attract Foreign Direct Investment and to EI, the Local Enterprise Offices and Intertrade Ireland to enable them to support local indigenous and cross border businesses to start, scale and export. My Department’s Jobs and Enterprise Development Programme also supports a number of specific initiatives in the area of access to finance for SMEs and other indigenous businesses.
The 2019 capital allocation to the Department’s Enterprise Development Programme represents an increase of 10.9% on the 2018 allocation of €227.195m for this Programme. The additional €24.75m in capital monies secured for the Department’s Programme in 2019 will ensure for;
- the provision of a further €6m in capital funding to support the continued roll out of the new Future Growth Loan scheme which addresses a specific lack of availability of finance to businesses, particularly SMEs, of loan terms longer than 5-7 years
- €1m in additional funding for Intertrade Ireland which will enable it to meet the growing demand from businesses in border regions in its existing programmes, and develop initiatives and support firms affected by Brexit;
- €5m in additional funding to the Local Enterprise Offices to enable them to expand the range of supports to indigenous enterprises across the various sectors, including through the provision of a new customs training programme for all businesses, exporters and importers, to be rolled out in conjunction with Enterprise Ireland;
- €10m in additional funding for the IDA's Regional Property Programme;
- €2.75m in funding to support a Regional Innovation and Technology Clusters Programme targeted at SMEs thereby building enterprise capability across the regions
The provision of this additional capital funding demonstrates the Government’s determination to continue to ensure that the Department’s Enterprise Agencies has the necessary capital resources to enable them to support businesses in their responses to Brexit including support them in delivering jobs and enterprise development in all regions of the country in these challenging times.
