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Written Answers — Department of Enterprise, Trade and Employment: Departmental Data (31 Jan 2023)

Simon Coveney: The table below details the current and capital budget allocations to my Department across Programme A – Jobs and Enterprise Development as published in the Revised Estimates Volume 2023. Programme A – Jobs and Enterprise Development Subhead Current Capital Total €,000 €,000 €,000...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Policies (31 Jan 2023)

Simon Coveney: The microelectronics industry is of great importance to Ireland. We have a significant semiconductor design and fabrication history and we have developed a strong domestic and international semiconductor industry and research and development ecosystem, with over 130 indigenous and foreign subsidiary companies across the microelectronics value chain. There are over 20,000 people currently...

Written Answers — Department of Enterprise, Trade and Employment: Job Creation (31 Jan 2023)

Simon Coveney: The information requested is currently being collated by my Department and will be forwarded directly to the Deputy as soon as it is finalised. 

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: The Covid-19 Credit Guarantee Scheme was launched in September 2020 and operated in accordance with the European Commission’s Temporary Framework on state aid rules in response to the Covid-19 emergency. The scheme closed to new lending after 30 June 2022 following the expiration of the Temporary framework. 9,857 loans were drawn under the scheme to a value of €708 million. ...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: The following payments were made to Microfinance Ireland in 2021, 2022 and to date in 2023 by my Department, the Department of Enterprise, Trade and Employment (DETE). Microfinance Ireland 2021 2022 To date 2023 DETE Payments made €5,000,000 Nil Nil The Microenterprise Loan Fund, operated by...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: SME Loan Schemes 2021 and 2022 payments The following payments were made in 2021, 2022 and to date in 2023 by my Department, the Department of Enterprise, Trade and Employment (DETE) for Strategic Banking Corporation of Ireland (SBCI) SME loan schemes. Loan Schemes 2021 and 2022 payments Loan Scheme 2021 2022 To date 2023 Future Growth...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: I propose to take Questions Nos. 43 and 49 together. The transition to a low carbon and circular economy and achievement of a 51% reduction in emissions by 2030 across all sectors of the economy represents a whole-of-society challenge. Enterprise, along with all other sectors, must fundamentally change to adapt to this challenge and realise the many opportunities that this transformation...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: Sustainability is a core pillar of IDA Ireland’s 2021-2024 strategy, Driving Recovery and Sustainable Growth. Under this pillar, IDA have pledged to promote a sustainable approach to all investment; support decarbonisation and responsible production across the IDA client base; win sustainability investments to drive a green recovery; collaborate across Government on environmental...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: The National Standards Authority of Ireland (NSAI) was not allocated specific funding for its climate action initiatives. The Authority is funded by own resource income and an annual grant from the Department covering mainly a percentage of pay and pensions. The Climate Action and Low Carbon Development (Amendment) Act 2021 sets Ireland on a legally binding path to net-zero emissions by...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: Such is the construct of the Department’s Vote, as determined by the Department of Public Expenditure and Reform, that there is no singular corporate climate action funding allocation but rather all “Green” initiatives are supported via a range of different budget areas. These funding lines include Office Premises, ICT, Learning and Development and Incidental costs. Our...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: Balanced regional enterprise development is a key policy focus for Government. The regional enterprise development fund (REDF) which is being implemented through Enterprise Ireland.) is focussed on investing in the strengths and advantages of all the regions. In 2021 an additional €15m was provided in Budget 2021 to support the rollout of further calls under the REDF to help the...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: The National Institute for Bioprocessing Research and Training (NIBRT) is an independent research organisation funded by the Irish Government through IDA Ireland, that conducts research and development and provides highly specialised training to support the growing biologics sector in Ireland and globally. NIBRT is located in a purpose built, world-class facility on the campus of University...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: Balanced regional enterprise development is a key policy priority of mine and this Government. In pursuit of this, in early 2022 my Department launched nine new Regional Enterprise Plans (REPs) to 2024. These plans sought to build on the success of REPs to 2020 and were developed throughout 2021, following in-depth consultation and engagement across the nine regions. Together with the...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: I propose to take Questions Nos. 56 and 57 together. The table below details the funding provided to Enterprise Ireland by my Department in each of the years 2021, 2022 and 2023. Year Original Revised Estimate(€,000)* Further Revised Estimate(€,000) 2021 380,311 626,710** 2022 374,480 ...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: My Department allocates funding annually for Enterprise Ireland’s Research, Development and Innovation (RD&I) budget to provide direct and indirect research development and innovation supports for indigenous companies and to support the commercialisation of State funded research under the following activities - Activity 1 – Transforming R&D Activity in...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: For 2021, 2022, and 2023, the Balance for Better Business Initiative had a per annum allocation of €175,000. This allocation is designed to cover the services of the Part-Time Programme Director, access to datasets and research, the production and launch of the Annual Report, PR and Communications Services for the Group’s work, and other associated ancillaries. The actual...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (25 Jan 2023)

Simon Coveney: The Department of Enterprise, Trade and Employment provides joint funding, alongside the Northern Ireland Department for the Economy, for InterTradeIreland (ITI), the North-South implementation body responsible for the promotion of trade and business on an all-island and cross-border basis. ITI uses this funding from both departments to operate a wide range of supports to help promote trade...

Written Answers — Department of Enterprise, Trade and Employment: State Bodies (24 Jan 2023)

Simon Coveney: IDA Ireland, the Government’s inward investment promotion and development agency, reported record annual results for 2022 in December last, with a substantial increase in growth in foreign direct investment (FDI) employment on 2021. The numbers directly employed in IDA multinational clients in Ireland reach 301,475, the highest FDI employment level ever and a 9% increase on 2021. IDA...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (24 Jan 2023)

Simon Coveney: My Department, through the enterprise development agencies, provides a range of tailored supports for enterprises of all sizes in Ireland. Supports include grants and softer supports such as access to finance, management development, mentoring supports, business development programmes, market supports and trade promotion. Tax breaks and other tax matters would be more appropriate to my...

Written Answers — Department of Enterprise, Trade and Employment: Redundancy Payments (18 Jan 2023)

Simon Coveney: In May 2021, Teva announced that Tosara Pharma, located in Baldoyle, would cease manufacturing at the end of 2022 resulting in the unfortunate loss of 130 jobs. Tosara Pharma has been manufacturing Sudocrem at a 33,000 sq.ft manufacturing plant since 1984. The site activities include manufacturing, packaging, quality, and shipping of Sudocrem to global markets. Tosara Pharma manufactures a...

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