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Written Answers — Department of Enterprise, Trade and Employment: Enterprise Policy (24 Oct 2024)

Peter Burke: According to the CSO’s Earnings and Labour Costs survey, the job vacancy rate in Q2 2024, which measures job vacancies on the last working day of the quarter, was 1.1%, down from 1.3% recorded in Q2 2023. The job vacancy rate remained unchanged compared to the previous quarter when 1.1% was also recorded at the end of Q1 2024. There were 26,400 job vacancies at the end of Q2 2024, down...

Written Answers — Department of Enterprise, Trade and Employment: Enterprise Support Services (24 Oct 2024)

Peter Burke: My Department continues to monitor challenges to the manufacturing and services sectors of the economy. Despite the economic challenges posed by the pandemic, the services and manufacturing sectors have proved resilient, along with the Irish economy at large. With an unemployment rate of 4.3% in September, the Irish economy is operating at a level close to full employment. The risks to...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (24 Oct 2024)

Peter Burke: Regional development is a key element of Government's enterprise policy, as set out in the White Paper on Enterprise, and is a key focus of the work of my Department and our Agencies. The availability of property and infrastructure solutions is a key factor in investment decisions and a robust property and infrastructure ecosystem can be the key differentiator in winning Foreign Direct...

Written Answers — Department of Enterprise, Trade and Employment: Trade Agreements (23 Oct 2024)

Peter Burke: The EU-Mercosur Agreement is designed to cement the close political and economic relations between the EU and Mercosur countries and represents a commitment to rules-based international trade. Since formal negotiations concluded in 2019, the global trade policy landscape has changed considerably. The rise in trade nationalism, the economic impacts of COVID-19, the war in Ukraine and the...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (23 Oct 2024)

Peter Burke: As the Deputy will be aware, last June I announced that €300 million will be available to drive the decarbonisation of Ireland’s industrial emitters over the coming years. The fund will be used by Enterprise Ireland and IDA Ireland to support client companies to reduce their emissions between now and 2030 through the Environmental Aid scheme. The €300 million in...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (23 Oct 2024)

Peter Burke: The next cycle of the Seed and Venture Capital Scheme will operate for the period 2025 to 2029 and will have a record allocation of €250 million. The Scheme is administered by Enterprise Ireland and the amount that is committed in any one of the five years of the programme is dependant on the results of competitive calls that EI will open. The actual amount that is drawn down for...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Schemes (22 Oct 2024)

Peter Burke: In Budget 2025, I secured €250 million for the next five-year iteration the Seed and Venture Capital Scheme which will run from 2025 to 2029 inclusive. This represents an additional €75 million, which is a 42% increase on the previous five-year allocation. The Scheme is administered by Enterprise Ireland and the amount that is committed in any one of the five years of the...

Written Answers — Department of Enterprise, Trade and Employment: Museum Projects (22 Oct 2024)

Peter Burke: Forfás was dissolved on 1 August 2014 and its functions were transferred to my Department. Since then, responsibility for science and research was transferred to the Department of Further and Higher Education, Research, Innovation and Science with effect from 1 January 2021. All files held at that time in my Department relating to the policy areas covered under the Transfer of Functions...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Projects (22 Oct 2024)

Peter Burke: The Department of Public Expenditure and Reform wrote to all Departments in late December 2023 advising of the intention to update the National Development Plan (NDP) ceilings out to 2026 and requested Departments should finalise their investment proposals by the end of January 2024. In this regard, the NDP as published provided my Department with total funding of €2.708 billion for...

Written Answers — Department of Enterprise, Trade and Employment: Public Sector Staff (22 Oct 2024)

Peter Burke: I can confirm that there were no forensic accountants employed by IDA Ireland in 2023 or to-date in 2024.

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (22 Oct 2024)

Peter Burke: The Revised Estimate Volume 2024, as published in December 2023, allocated total Capital funding of €644 million to my Department's Jobs and Enterprise Development Programme. The breakdown of this capital allocation is set out in the Table below: Programme A Jobs and Enterprise Development Subhead Capital Allocation €,000 ...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (22 Oct 2024)

Peter Burke: The Revised Estimate 2024, as published in December 2023, allocated total Capital funding of €644 million to my Department's Jobs and Enterprise Development Programme. The breakdown of this capital allocation is set out in the Table below: Programme A Jobs and Enterprise Development Subhead Capital Allocation €,000 ...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (22 Oct 2024)

Peter Burke: The Revised Estimates Volume 2024, as published in December 2023, allocated total capital funding of €221.63 million to my Department’s Enterprise Innovation and Commercialisation Programme. The breakdown of this capital allocation is set out in the Table below: Programme B Enterprise Innovation and Commercialisation Subhead Capital Allocation ...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (22 Oct 2024)

Peter Burke: The Revised Estimates Volume 2024, as published in December 2023, allocated total capital funding of €221.63 million to my Department’s Enterprise Innovation and Commercialisation Programme. The breakdown of this capital allocation is set out in the Table below: Programme B Enterprise Innovation and Commercialisation Subhead Capital Allocation ...

Written Answers — Department of Enterprise, Trade and Employment: Climate Action Plan (22 Oct 2024)

Peter Burke: As the Deputy will be aware, last June I announced that €300 million will be available to drive the decarbonisation of Ireland’s industrial emitters over the coming years. The fund will be used by Enterprise Ireland and IDA Ireland to support client companies to reduce their industrial emissions between now and 2030 through the Environmental Aid scheme. Enterprise Ireland is...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Properties (22 Oct 2024)

Peter Burke: My Department does not own property. Accordingly, there are no vacant or residential properties owned by the Department of Enterprise, Trade and Employment.

Written Answers — Department of Enterprise, Trade and Employment: Energy Policy (22 Oct 2024)

Peter Burke: I agree with the Deputy's assessment that energy policy is an extremely broad and cross-cutting policy area, with impacts across our economy and society. Its impacts range from housing delivery to enterprise competitiveness, from the cost of living for households, to national infrastructure planning. While energy policy broadly sits under the remit of the Department of the Environment,...

Written Answers — Department of Public Expenditure and Reform: Social Enterprise Sector (17 Oct 2024)

Peter Burke: Social Enterprises, mostly micro-enterprises or SMEs, are an important and growing part of Ireland’s entrepreneurship ecosystem, creating jobs and stimulating local economic activity, and are recognised as an integral part of Ireland’s broad enterprise policy landscape. The table below sets out the details of all social enterprise organisations or bodies funded by my...

Written Answers — Department of Public Expenditure and Reform: Departmental Funding (17 Oct 2024)

Peter Burke: The table below details the Current and Capital Budget Allocations provided to IDA Ireland under the A.5 Subhead each year from 2020 to 2024 as published in the respective Revised Estimate Volumes. Year Current Allocation Capital Allocation Total Allocation €,000 €,000 €,000 2020 ...

Written Answers — Department of Public Expenditure and Reform: Departmental Funding (17 Oct 2024)

Peter Burke: The table below details the Current and Capital Budget Allocations provided to Enterprise Ireland in respect of it's Jobs and Enterprise Development and Science and Technology Development programmes each year from 2020 to 2024 as published in the respective Revised Estimate Volumes. Subheads A.7 Enterprise Ireland and B.4 Science and Technology Development Programme Year ...

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