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Research and Innovation Bill 2023: Second Stage (31 Jan 2024)

Louise O'Reilly: I am grateful for the opportunity to make a contribution. The Bill, and the creation of a singular body, Taighde Éireann, is an important move in research and development in this State. Unfortunately, Ireland has long been a poor investor in research and development. The White Paper on enterprise states that research, development and innovation are the best ways to generate...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: I thank the Minister and his officials for coming this morning and for the overview of the Estimates. I apologise in advance that I have to go to another meeting, so I will not be able to stay for the entirety of the meeting. I want to ask about the exporters accelerator programme and the plan to deliver 2,000 new exporters by 2030. This is an important area of our economy and it deserves...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: It is 6% at present. Has the Minister a target in mind for between now and 2030. It is 2,000 companies but, in percentage terms, only 6% of them export at present. That is low. They themselves would acknowledge that. The Minister stated it is an area that needs a bit of work. I have said that as well. While we are agreeing, let us kick on.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: I met with Mr. Clancy last week. It was a good meeting. It is only to know if the Minister had a target in mind for what it would look like-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: -----even in 2030. It is 6% at present. In 2030, what is that figure likely to be?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: I thank the Minister.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: There might not be, if others are being added.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: I take the Minister's point. It is the 2,000 the figure is on. If the Minister could get the information on how that will be stepped in, that would be good. I will ask about the ICOB scheme. On the dates, the Minister has said a letter is likely to go out in the middle of next month from the local authorities. What is the estimate, in terms of time, from the letter to the money...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: -----and having rates up to date. Regarding the money, the figure of €5,000 mentioned is the maximum amount. Let us be honest; they are not getting €5,000.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: It is highly unlikely.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: Of the 142,000, how many are those? Will the Minister give the figures as well?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: I understand that.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: Of the 142,000, what number will receive the full or maximum amount?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: Of the 142,000, what number will receive the €5,000?

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: Absolutely. I assume much of this was informed by the experience of TBESS.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: While we are on that, what is the Minister's view of the very low take-up of the TBESS? I assume it is not because he thought businesses did not need it, yet €1.1 billion was returned unclaimed.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: Can I ask-----

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised)
(31 Jan 2024)

Louise O'Reilly: We are very strict on time at this committee. On the €1.1 billion that was returned, is it the Minister's opinion that the Government overshot on that amount? Did it put aside more than was needed? Is there unmet need as regards businesses that, for whatever reason, did not claim? Is it that businesses simply did not need it? There is nothing outside those three options.

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