Niall Collins (Limerick County, Fianna Fail)
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101. To ask the Minister for Jobs, Enterprise and Innovation the value of drawdowns issued by each local enterprise office, LEO, on 31 December 2015, on 31 December 2016 and on 30 June 2017, respectively; the value of approvals on the same dates by county; if she will provide a LEO by LEO breakdown of each drawdown and approval; and if she will make a statement on the matter. [34725/17]

Frances Fitzgerald (Dublin Mid West, Fine Gael)
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Capital funding for the Local Enterprise Offices (LEOs) is provided by my Department via the Centre of Excellence (CoE) in Enterprise Ireland, who distribute the funding to individual LEOs. The Capital allocations are for direct financial supports to the micro-enterprise sector (Measure 1 grants) and so-called “soft” supports for LEO clients, such as training and mentoring (Measure 2 supports). Measure 1 grants are given out to LEO client companies, in the form of priming, business expansion and feasibility grants. Since 2014, the LEOs also disburse direct Capital funding in the form of investments to successful applicants under the Ireland’s Best Young Entrepreneur (IBYE) competition.

Details of the Capital allocations to the 31 LEOs in 2015, 2016 and 2017, along with details of expenditure at end December 2015, end December 2016 and end June 2017 are set out in Tables 1, 2 and 3.

The total value of expenditure made by the LEOs to their clients over in this period may also include an element of refundable aid which is generated by the LEOs from repayments by clients of up to 30% of the value of the grants made. The Measure 2 expenditure may include an element of own resource income generated by the LEOs from their training courses and mentoring services, etc. These additional elements are included in the expenditure amounts in the tables.

The expenditure figures for 2017 only reflect Measure 1 expenditure to 30 June. Measure 2 expenditure figures are currently being collated.

Table 1: LEO Capital Allocations 2017 and Expenditure to end June 2017

Table 2: LEO Capital Allocations and Expenditure 2016

Table 3: LEO Capital Allocations and Expenditure 2015