Oireachtas Joint and Select Committees

Wednesday, 25 June 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

General Scheme of the Industrial Development (Miscellaneous Provisions) Bill 2025: Discussion

2:00 am

Mr. John Hughes:

That is certainly the intention. The legislation is intended to allow both enterprise development agencies to be able to give direct assistance to their respective client bases, be that foreign direct investment companies or Irish-owned companies, to specifically invest in sustainability and decarbonisation, whether this involves heat pumps, solar panels or whatever particular initiatives they wish to engage in. We think allowing the enterprise development agencies that have a lot of day-to-day interactions with individual enterprises across the State to have grant assistance capabilities will drive up the level of engagement in the FDI and Irish-owned sectors to accelerate their decarbonisation. We have significant funding agreed for the environmental aid programme. It is €300 million across the two agencies for the period ahead. We want to give the enterprise development agencies the toolkit to be able to give that assistance to companies, bearing in mind these agencies are engaging with those companies on a week-to-week basis on all other aspects of their development in terms of competitiveness and productivity challenges. We think that giving the agencies this extra tool will enable them to proactively engage with those companies to try to accelerate their engagement on this agenda.

Comments

No comments

Log in or join to post a public comment.