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Written Answers — Department of Enterprise, Trade and Employment: Business Supports (20 Mar 2024)

Simon Coveney: ...;80,000 for goods. The Increased Cost of Business Scheme (ICOB) was also announced as part of Budget 2024 and will provide a grant to benefit a significant number of small and medium businesses at a cost of €257 million. The grant will be at a rate of half an enterprise’s commercial rates bill, for 2023, for firms paying up to €10,000 in rates. A flat €5,000...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (6 Mar 2024)

Simon Coveney: .... Likewise, in Enterprise Ireland-supported companies, about 20 of their clients represent the vast majority of emissions. We are working directly with these companies. We will spend tens of millions of euro partnering with companies to help decarbonise their production systems. We are also looking at, as the Deputy said, increasing significantly the 4% or 5% we currently see adopting...

Ceisteanna Eile - Other Questions: Flood Relief Schemes (8 Feb 2024)

Simon Coveney: ...and the number of businesses impacted by the exceptional weather events in the period around 17 October. The scheme was also extended to cover areas impacted by severe flooding up to and including 5 November in counties Waterford, Limerick, Kilkenny, Galway and Louth. Since the closing date, the Red Cross has reviewed all applications and is now advising that the total estimated payments...

Ceisteanna Eile - Other Questions: Business Supports (8 Feb 2024)

Simon Coveney: ...firms that have been affected by rising costs but is not intended to compensate directly for all increases in wages or other costs for every business. The total allocation for the grant is €257 million. Officials within my Department are leading the introduction of this scheme, working in conjunction with the local authorities, the Local Government Management Agency, LGMA, the...

Written Answers — Department of Enterprise, Trade and Employment: Export Controls (8 Feb 2024)

Simon Coveney: ...are considered in the final assessment of any licence application. In the period 7 October 2023 to date, my Department issued three individual dual-use export licences with a value of €31.4 million to end users in Israel. The three exports license were for category 5 items - ICT hardware and software.

Written Answers — Department of Enterprise, Trade and Employment: Flexible Work Practices (8 Feb 2024)

Simon Coveney: ...Rural Future’ policy recognises the opportunity for rural rejuvenation that remote working presents and commits to establishing a comprehensive and integrated national network of 400 remote working hubs by 2025. The Department of Rural and Community Development has invested over €150 million in the development of remote working facilities through programmes such as the Town...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2023
Vote 32 - Enterprise, Trade and Employment (Supplementary)
(29 Nov 2023)

Simon Coveney: ...capacity offshore of approximately 37 GW and approximately 10 GW onshore. That is, from wind alone, never mind other renewable power sources. At the moment, Ireland's grid only uses about 5 GW. The whole point of decarbonising our electricity generation and moving away from carbon-based fuels to more renewable and clean power generation capacity is to do what we need to from a climate...

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

Simon Coveney: ...in RD&I often achieve greater levels of growth, drive societal benefits, and produce solutions to global challenges such as climate change, sustainability, and digital transformation. Over 25 years, Ireland has gone from a base of 800 RD&I active firms with a research spend of €300 million to almost 1,800 RD&I active enterprises spending of €3.88 billion in...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (18 Oct 2023)

Simon Coveney: ...to the players in the construction value-chain in Ireland, my Department with Enterprise Ireland has established a new Construction Technology Centre, Construct Innovate, with initial funding of €5m over 5 years. The Centre is a consortium hosted by University of Galway that also includes Trinity College Dublin, University College Dublin, University College Cork and the Irish Green...

Written Answers — Department of Enterprise, Trade and Employment: Inflation Rate (12 Oct 2023)

Simon Coveney: ...pressures, input costs have gone up for many businesses. However, wholesale price inflation has levelled off across a number of areas in recent months. Irish wholesale electricity prices were 72.5% lower in August 2023 than in August 2022, and while wholesale prices for construction products rose by 2.1% in the year, overall, manufacturing producer prices were 0.3% lower in August 2023...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Unfair Dismissals (29 Jun 2023)

Simon Coveney: ...employees believe their employment rights have been breached, they have the right to refer complaints to the WRC for an adjudication and possible redress. The Unfair Dismissals Acts 1977 to 2015 provide that where an employee has been unfairly dismissed, an adjudication officer and, on appeal, the Labour Court may make an order for the reinstatement, re-engagement or awarding of...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Policies (29 Jun 2023)

Simon Coveney: ...Energy Support Scheme (TBESS), which has been subject to amendments to allow more businesses apply for this grant. The scheme has been extended to end of July 2023 and the monthly cap has been raised from €10,000 to €15,000 since 1st March 2023. The Government also approved the following which will help businesses going forward.The temporary reductions in VAT on gas and...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Priorities (29 Jun 2023)

Simon Coveney: ...rates and without the need for collateral on loans up to €250k, to SMEs including farmers and fishers, for purposes of working capital and medium-term investment.Extension and expansion of the €200 million Ukraine Enterprise Crisis Scheme to assist viable but vulnerable firms of all sizes in the manufacturing and internationally traded services sectors. The scheme assists...

Written Answers — Department of Enterprise, Trade and Employment: Job Creation (29 Jun 2023)

Simon Coveney: ...and drive societal benefits, and produce solutions to global challenges such as climate change, sustainability and digital transformation, as well as the creation and maintenance of high-value jobs. Over 25 years, Ireland has gone from a base of 800 RD&I active firms with a research spend of €300 million to almost 1,800 RD&I active enterprises spending of...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Projects (13 Jun 2023)

Simon Coveney: ...to tackle national and global challenges. The Fund is managed by the Department and administered by Enterprise Ireland. A total of 16 Call 4 projects have been approved funding of over €62 million to date, and staff in Enterprise Ireland are working with the lead partner of one further Call 4 project in exploring options to enable the project to meet the governance requirements...

Written Answers — Department of Enterprise, Trade and Employment: Enterprise Policy (13 Jun 2023)

Simon Coveney: ...2021-2024aims to ensure that FDI can make a significant contribution to the recovery and future growth of the economy. Its targets include:To win 800 total investments, to support job creation of 50,000 and economic activity To partner with clients for future growth through 170 RD&I and 130 training investments;To win 400 investments to advance regional development;To embrace a...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Funding (1 Jun 2023)

Simon Coveney: ...to the players in the construction value-chain in Ireland, my Department with Enterprise Ireland has established a new Construction Technology Centre, Construct Innovate with initial funding of €5m over 5 years. The Centre is a consortium hosted by University of Galway that also includes Trinity College Dublin, University College Dublin, University College Cork and the Irish Green...

Written Answers — Department of Enterprise, Trade and Employment: Environmental Policy (11 May 2023)

Simon Coveney: ...foundation they need to begin their transition to low carbon production processes and through investment in carbon abating capital equipment and technologies. In Budget 2022, Government announced that €55 million would be made available under the National Recovery & Resilience Plan for this Green Transition Fund. The budget is split into two streams, the Enterprise...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (11 May 2023)

Simon Coveney: ...as others such Greenfield Global (Laois), N’Ware (Laois), Zoetis (Offaly), Medtronic (Westmeath), and Ericsson (Westmeath). FDI employment in the Midlands region has increased by 43% in the past 5 years. FDI has a significant impact on the Midlands Region from an economic impact perspective, with an estimated €402 million spent by MNC’s on payroll during 2020;...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Engagement with the Department of Enterprise, Trade and Employment (10 May 2023)

Simon Coveney: ...that is really important in terms of the decarbonisation of our economy and society. We are also focusing on what is an opportunity to provide up to 37 GW of energy generation offshore by 2050, and 7 GW by 2030 - 5 GW directly connected to the grid and another 2 GW, probably, on floating platforms that are linked to hydrogen generation. If one thinks about the magnitude of that between...

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