Dáil Éireann Debate, Wednesday - 25 January 2023
53. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the amount of funding that was allocated to the new regional enterprise development funding by his Department in 2021, 2022 and to date in 2023, in tabular form; and if he will make a statement on the matter. [3490/23]
Amharc ar fhreagraBalanced regional enterprise development is a key policy focus for Government. The regional enterprise development fund (REDF) which is being implemented through Enterprise Ireland.) is focussed on investing in the strengths and advantages of all the regions.
In 2021 an additional €15m was provided in Budget 2021 to support the rollout of further calls under the REDF to help the regions withstand the dual challenges of Brexit and COVID.
In 2022 €5 million was allocated to the REDF and a further €12 million in funding was sanctioned to assist with the completion of projects under the REDF and Border Enterprise Development Fund (BEDF), for projects that have been delayed or interrupted due to increased construction and construction-related costs in 2022 and 2023.
The following Table demonstrates the allocated funding in 2021 - 2023.
|
Agency/body |
Year |
Amount funding for REDF/BEDF |
|
Enterprise Ireland |
2021 |
€15 million |
|
Enterprise Ireland |
2022 |
€5 million |
|
Enterprise Ireland |
2022/2023 |
€12 million |
|
Grand Total |
€32 million |
