The Revised Estimates published by the Department of Public Expenditure Reform in December last year provided my Department with a capital expenditure allocation of €632 million. The Revised Estimate also permitted the Department to carry over some €42.15million in unspent capital monies from 2019 thus giving a total of €674.15million to fund our Core Capital Programmes in 2020. Our capital allocation was increased by €483million in the Revised Estimates approved for my Department on the 30th June by the Dáil. The Government in the July stimulus package agreed that a further €450million in capital money would be provided to my Department this year. Whilst a number of the Department’ Core programmes were refashioned to respond to the Covid challenge, the increased capital allocations provided in the June Revised Estimate and in the July stimulus were specifically intended to fund the myriad of Covid enterprise measures which are being rolled out by my Department.
Some of the capital funding approved by the Dáil in June will transfer to the Department of Further and Higher Education, Research Innovation and Science once the details of the transfer of functions are finalised.
As regards capital expenditure so far this year, the attached Table sets out the specifics of the Programme allocations by Subhead of the original capital provision as published in the December Revised Estimates together with the increases to particular Programmes/Subheads arising from the Revised Estimates approved in June and the additional capital funding agreed in the July stimulus.
The deputy will see that a total of €862.033m has been drawn down to support the Department’s Core and Covid programmes up to the end of August. Of the additional €917 million in Capital allocated in the June Revised Estimate and the July Stimulus package., a total of €555.53 million has been drawn down so far to fund Covid specific supports.
As regards the expected outturn of capital expenditure in 2020, it is somewhat early to be definitive as to the precise final capital expenditure position as there are a number of variants which can affect the drawn down of capital monies. Nevertheless, I am determined to ensure that the funding supporting our Core and Covid Capital Programmes is readily available to the fullest extent possible to those business who desperately need support to survive the current crisis.
Subhead
|
2020REV Allocation as published inDec 2019 CAPITAL(€,000)
|
Increase as per Revised EstimateJune 2020 CAPITAL(€,000)
|
Increase as agreed in Stimulus SchemeJuly 2020 CAPITAL(€,000)
|
Expenditure to end August 2020
CAPITAL(€,000)
|
A4 - Intertrade Ireland
|
€7,695m
|
€2,500m
|
|
€6,008m
|
A5 - IDA Ireland
|
€136,000m
|
|
€20,000m
|
€48,500m
|
A6 - NSAI
|
€500k
|
|
|
€0
|
A7 - Enterprise Ireland*
|
€89,250m
|
€394,500m
|
€344,000m
|
€525,008m
|
A8 - Local Enterprise Development **
|
€33,500m
|
€33,000m
|
€25,000m
|
€33,500m
|
A9 - Temporary Partial Credit Guarantee Scheme
|
€500k
|
|
|
€329k
|
A10 - INTERREG Enterprise Development
|
€5,800m
|
|
|
€2,598m
|
A14 – Future Growth loan Scheme
|
€5,750m
|
€41,210m
|
€10,000m
|
€31,834m
|
A15 – Humanitarian Relief Scheme
|
€1k
|
|
|
€95k
|
A16 – Micro Finance Ireland***
|
€3,001m
|
€11,790m
|
€30,000m
|
€14,790m
|
B4 – Enterprise Ireland
|
€122,000m
|
|
€5,000m
|
€60,901m
|
B4 – Science Foundation Ireland****
|
€183,411m
|
|
|
€85,651m
|
B4 – Tyndall Institute****
|
€7,000m
|
|
|
€4,170m
|
B5 – Programme for Research in Third Level Institutions*****
|
€24,497m
|
|
|
€19,580m
|
B6 – Subscriptions to International Organisations
|
€22,445m
|
|
|
€17,069m
|
B9 – Disruptive Technologies Innovation Fund******
|
€32,800m
|
|
|
€12,000m
|
Total
|
€674,150m
|
€483,000m
|
€434,000m
|
€862,033m
|
*Includes A7 Capital Carryover from 2019 of €23.5m
**Includes A8 Capital Carryover from 2019 of €6m
***Includes A16 Capital Carryover from 2019 of €3m
****Includes B4 Capital Carryover from 2019 of €6.425m
*****Includes B5 Capital Carryover from 2019 of €425k
******Includes B9 Capital Carryover from 2019 of €2.8m