Dáil Éireann Debate, Wednesday - 30 June 2021
60. Deputy Eoin Ó Broin asked the Minister for the Environment, Climate and Communications further to Parliamentary Question No. 53 of 16 June 2021, the breakdown for the current costs associated with administering the Just Transition Fund and to account for source of the funding for the Just Transition Fund of 29 mentioned. [35544/21]
Amharc ar fhreagraThe Just Transition Fund was established in 2020 to support innovative projects that contribute to the economic, social and environmental sustainability of the wider Midlands region and which have employment and enterprise potential.
The Just Transition Fund is financed by the Exchequer, with an additional €5 million provided by ESB. Funding for successful projects will be provided from my Department’s Vote on the basis of incurred expenditure by projects.
In addition to the Exchequer contribution through the Just Transition Fund, individual projects are required to provide matching funding at a minimum rate of 15% of the project value.
The costs of administering the Just Transition Fund are being met from within the Vote of my Department. In addition to direct staffing costs, the Department has engaged external solicitors to provide advice in relation to the state aid aspects of project evaluation. The Department has paid €24,975 to date under this contract.
