Oireachtas Joint and Select Committees

Thursday, 17 October 2024

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Supplementary)

5:30 pm

Photo of Emer HigginsEmer Higgins (Dublin Mid West, Fine Gael)
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They are savings for Enterprise Ireland and IDA. The Enterprise Ireland savings relate to two programmes, namely, the capital investment scheme for agriculture, which is something on which we work in collaboration with the Department of agriculture and the other one is the smart regions funding. I assure everybody we fully intend to fully draw down the EU ERDF funding for that scheme. We will spend less this year than we had anticipated but that will go into next year's budget. We fully intend to bring that down. On this, the reason we will not fully draw it down this year was because there was a delay in launching the scheme. It was only launched in October this year and we had envisaged it being launched earlier this year. Since it has been launched in October, we expect to spend €5 million in the smart regions fund under that. Anything that is not used in that we expect to draw down-----