Written answers

Tuesday, 23 February 2010

Department of Enterprise, Trade and Employment

Departmental Agencies

9:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 148: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the budget available to Enterprise Ireland in 2009 and 2010 to assist business intending to invest in qualifying research and development projects. [8868/10]

Photo of Conor LenihanConor Lenihan (Dublin South West, Fianna Fail)
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The total amount of Exchequer Funds (capital and current funds) provided to Enterprise Ireland under subhead F of the Vote of the Department of Enterprise, Trade and Employment was €133.688 million in 2009 and is €128.087 million in 2010. Enterprise Ireland operates a number of programmes aimed at helping companies to engage in Research and Development both within the company and in collaboration with third level institutions. The Enterprise Ireland Programmes that support business and assist it to invest in research and development projects are research and development grants to enterprise equity invested in research and development activity; innovation management programme; innovation partnership; competence centres; industry-led networks; innovation vouchers; and support for incubation space for emerging enterprises. The total Exchequer funding provided in 2009 and allocated in 2010 for programmes that assist business to invest in research and development was €81.307 million in 2009 and is € 84.804 million in 2010. In addition, Enterprise Ireland has access to a level of "own resources funding". In 2010, it is intended to allocate an additional €850,000 from these funds for expenditure on research and development programmes bringing the total amount available for spend in 2010 to €85.654 million.

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