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Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Nov 2023)

Simon Coveney: IDA’s strategy, Driving Recovery & Sustainable Growth 2021-2024, identifies the opportunities for sustainable growth among IDA’s established base of clients and new investments - both from existing and new clients - through a focus on transformative investments to increase the productivity of Irish operations and their workforce through RD&I, digitalisation,...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 Nov 2023)

Simon Coveney: Digitalisation is critical to the Government's policy priority of regional enterprise development. Digitalisation can deliver a multitude of benefits including reduced costs and increased productivity, better products and services, market expansion and diversification, and can also support business as they work to reduce their climate impact. The adoption of digital technologies by all...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 Nov 2023)

Simon Coveney: The Green Transition Fund is part of Ireland’s National Recovery and Resilience Plan (NRRP). The total budget of €55m for the fund is split into two streams, the Enterprise Emissions Reduction Investment Fund (€30m) and the Climate Planning Fund for Business (€25m) which will both run from 2022 through to 2026. The Fund contains a range of supports to help...

Written Answers — Department of Enterprise, Trade and Employment: Intellectual Property (23 Nov 2023)

Simon Coveney: In June 2022, the Government reaffirmed its intention to participate in the Unitary Patent System and the Unified Patent Court (UPC) and to hold a related referendum. An amendment to the Constitution is required before Ireland can ratify the Agreement on the UPC (UPCA), as the Agreement entails a transfer of jurisdiction from the Irish courts to an international court. The timing of the...

Written Answers — Department of Enterprise, Trade and Employment: White Papers (23 Nov 2023)

Simon Coveney: Launched in December 2022, the White Paper on Enterprise sets out the Government’s approach to enterprise policy for the period to 2030. The White Paper sets out Ireland`s industrial policy for the medium- to long-term, building on Ireland`s economic strengths of an open economy with strong trade and foreign direct investment, a vibrant innovation hub, and a resilient labour market. ...

Written Answers — Department of Enterprise, Trade and Employment: Small and Medium Enterprises (23 Nov 2023)

Simon Coveney: My Department through the enterprise development agencies provides a range of tailored supports for enterprises of all sizes in Ireland. These supports include access to finance, management development, mentoring supports, business development programmes, market supports and trade promotion. Through Enterprise Ireland my Department ensures the development and growth of Irish enterprises in...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 Nov 2023)

Simon Coveney: The Increased Cost of Business Grant (ICOB), announced as part of Budget 2024, will be targeted at Small and Medium sized businesses who operate from a rateable premises. Firms who do not have a rateable premises are not within the scope of this scheme. The total allocation for this scheme is €250m It is important that I be clear that this scheme is a once-off grant aid provision and...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 Nov 2023)

Simon Coveney: It is understandable that businesses – particularly SMEs – are concerned about the impact of rising costs. While the Government is continuing to monitor the situation regarding the costs of doing business, no new measures are currently under consideration. Inflation in Ireland – although still elevated at 5.1 per cent in October – is generally declining. Recent...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Consultations (23 Nov 2023)

Simon Coveney: In June 2022, the Government reaffirmed its intention to participate in the Unitary Patent System and the Unified Patent Court (UPC) and to hold a related referendum. An amendment to the Constitution is required before Ireland can ratify the Agreement on the UPC (UPCA), as the Agreement entails a transfer of jurisdiction from the Irish courts to an international court. The timing of the...

Written Answers — Department of Enterprise, Trade and Employment: Exports Growth (23 Nov 2023)

Simon Coveney: Enterprise Ireland, the state agency of the Department of Enterprise Trade and Employment responsible for helping Irish companies to enter and expand in international markets, saw exports by companies it supports increase by 19% to a record €32.1bn in 2022. This is the highest ever level of growth for Enterprise Ireland-backed companies in export value. Growth occurred across all...

Written Answers — Department of Enterprise, Trade and Employment: Foreign Direct Investment (23 Nov 2023)

Simon Coveney: Ireland continues to be a location of choice for new investors and long-established companies who choose to reinvest in substantial expansions of their operations here. Foreign Direct Investment (FDI) plays a significant role in Ireland’s economy and the flow of FDI into the country is strong. Numbers directly employed in the multinational sector in Ireland reached 301,475 at the end...

Written Answers — Department of Enterprise, Trade and Employment: Inflation Rate (23 Nov 2023)

Simon Coveney: Many of the risks from inflation have been identified, or indeed have been realised, in particular those associated with energy costs. While the rate of inflation in these areas has declined in the past year, that is not to say that there is still not an ongoing significant cost to the Irish economy – as the level of energy prices remains higher than previously. Ultimately, the risk...

Written Answers — Department of Enterprise, Trade and Employment: Job Creation (23 Nov 2023)

Simon Coveney: My Department is acutely aware of the importance of innovation in the performance of Irish based firms and their capacity for growth, exports and job creation as reflected in the Enterprise Policy White Paper. Companies which invest in RD&I often achieve greater levels of growth, drive societal benefits, and produce solutions to global challenges such as climate change, sustainability,...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Strategies (23 Nov 2023)

Simon Coveney: My Department continues to monitor challenges to the manufacturing and services sectors of the economy. With an unemployment rate of 4.8% in September, the Irish economy has been operating at a level close to full employment for quite some time. The risks to employment will depend on the risks to the economy, more broadly. Added to this, Irish GDP grew by 13.6% in 2021, and 9.4% in 2022,...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Strategies (23 Nov 2023)

Simon Coveney: My Department continues to monitor risks to economic activity and employment for both the locally- traded and international sectors of the economy. With an unemployment rate of 4.8% in September, the Irish economy has been operating at a level close to full employment for quite some time. The risks to employment will depend on the risks to the economy, more broadly. Added to this, Irish GDP...

Policing, Protests and Public Order: Statements (28 Nov 2023)

Simon Coveney: The Deputy let us down.

Policing, Protests and Public Order: Statements (28 Nov 2023)

Simon Coveney: I have only two minutes so I will briefly try to address a number of matters. Like everyone else, our thoughts are with a young five-year-old girl and her family. She remains in a critical but stable condition. She and others were the victims of a vicious assault last Thursday. I commend the members of the Garda who are standing on the streets across Dublin tonight. In many cases,...

Policing, Protests and Public Order: Statements (28 Nov 2023)

Simon Coveney: Instead, we should be responding with firmness, unity and honesty in terms of what we need to do now to learn lessons from last Thursday evening.

Ceisteanna ó Cheannairí - Leaders' Questions (29 Nov 2023)

Simon Coveney: Sinn Féin knows all about terror.

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