Oireachtas Joint and Select Committees

Thursday, 23 March 2023

Public Accounts Committee

2021 Financial Statements of Enterprise Ireland: Discussion

9:30 am

Mr. Leo Clancy:

I will ask my colleague, Ms Brennan, to respond to the question of the exact amount of European funding making its way to us under the national recovery and resilience facility. We should be doing a lot more projects. We have targeted 450 over three years. At 144 in the first year, we are on track for that target although we would like to have done more. Businesses have been through a difficult couple of years. They have had to deal with the pandemic, Brexit and inflation. It all distracts. Our worry is that it distracts businesses from the business of the future, which is being sustainable in their markets. If they are not showing up as sustainable in three years' time, it will be difficult for many businesses to continue to trade. Similar to the Chairman's point about apprenticeships, increasing awareness in a busy environment is the challenge. I will look to Ms Brennan to answer the Deputy's question on the quantum of funding available to us.