Written answers
Tuesday, 30 September 2014
Department of Finance
Seed Capital Scheme
Peadar Tóibín (Meath West, Sinn Fein)
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183. To ask the Minister for Finance to state the level of investment that has been generated through the seed capital scheme on an annual basis, the number of enterprises that have benefitted, the number of jobs that have been created and the cost to the Exchequer. [36624/14]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the available information regarding the Seed Capital Scheme is as set out in the table. There are no figures available in relation to the number of jobs created.
| Year | Amount Invested €m | Cost to Exchequer €m | Companies | Investors |
|---|---|---|---|---|
| 1993/94 | 0.5 | 0.2 | 5 | 8 |
| 1994/95 | 2.2 | 0.9 | 39 | 48 |
| 1995/96 | 2.1 | 0.8 | 39 | 41 |
| 1996/97 | 5.3 | 2.1 | 64 | 92 |
| 1997/98 | 3.9 | 1.4 | 65 | 85 |
| 1998/99 | 4.9 | 2.0 | 70 | 100 |
| 1999/00 | 2.5 | 1.1 | 40 | 54 |
| 2000/01 | 2.5 | 1.0 | 38 | 47 |
| 2001 (short tax year) | 2.8 | 1.2 | 34 | 47 |
| 2002 | 3.4 | 1.4 | 44 | 72 |
| 2003 | 5.5 | 2.3 | 60 | 61 |
| 2004 | 7.7 | 2.6 | 74 | 105 |
| 2005 | 3.4 | 1.3 | 42 | 64 |
| 2006 | 3.1 | 1.2 | 42 | 76 |
| 2007 | 6.1 | 2.3 | 63 | 70 |
| 2008 | 4.5 | 1.7 | 56 | 61 |
| 2009 | 8.1 | 2.9 | 78 | 93 |
| 2010 | 5.0 | 1.8 | 54 | 62 |
| 2011 | 5.7 | 2.0 | 65 | 80 |
| 2012 | 5.5 | 1.6 | 67 | 88 |
| 2013* | 3.7 | 1.3 | 53 | 59 |
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