Dáil Éireann Debate, Wednesday - 16 October 2019
145. Deputy Robert Troy asked the Minister for Business, Enterprise and Innovation further to the announcement in budget 2020 of a €10 million allocation to the disruptive technologies innovation fund, if this allocation will comprise new capital funding; and if not, if there will be a rollover of existing unused capital expenditure from the 2019 allocation to the scheme into 2020. [42377/19]
Amharc ar fhreagraThe €10 million allocation to the Disruptive Technologies Innovation Fund (DTIF) announced in Budget 2020 represents additional capital investment in new and emerging innovative technologies. This will bring the allocation for DTIF to €30 million for 2020. This allocation is in line with the commitment to provide a total DTIF Capital funding allocation to end 2022 of €180 million.
The €30 million will be used to fund payments to the project partners in the 27 projects that were successful under Call 1 and to the successful projects under Call 2, which I expect to announce in December. Under the terms of the Fund, projects are funded over a period of three years.
It is expected that the 2019 allocation of €20 million for the DTIF will be fully utilised this year and so I do not expect that there will be any unused capital expenditure to bring forward to 2020.
