Written answers
Wednesday, 26 July 2017
Department of Jobs, Enterprise and Innovation
Enterprise Ireland Funding
Niall Collins (Limerick County, Fianna Fail)
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85. To ask the Minister for Jobs, Enterprise and Innovation the amount of funding Enterprise Ireland has provided from the high potential start-up funding scheme in 2015, 2016 and to date in 2017; the number of companies which have received funding from this specific scheme; the cumulative number of jobs that have been created after this form of funding was provided to these companies; the cumulative amount of additional exports in euro generated by these companies after they received this form of funding; and if she will make a statement on the matter. [36721/17]
Frances Fitzgerald (Dublin Mid West, Fine Gael)
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As part of its portfolio of supports, Enterprise Ireland provides support for High Potential Start-Up (HPSUs), defined as new ventures that are:
- Introducing a new or innovative product or service to international markets;
- Involved in manufacturing or internationally traded services;
- Capable of creating 10 jobs in Irelandand realising €1 million in sales within three to four years of starting up;
- Led by an experienced management team;
- Headquartered and controlled in Ireland;
- Less than six years old.
The information requested is presented in the following table.
| Year | No. of HPSUs approved | Jobs Created Permanent Full Time | Jobs Created Other | Additional Exports € | Total Payments from year approved as HPSU to 21/07/17 € |
|---|---|---|---|---|---|
| 2015 | 105 | 486 | 136 | 14,769,000 | * 18,347,883 |
| 2016 | 101 | 154 | 25 | 7,337,000 | 15,835,356 |
| 2017 | 39 | - | - | - | 1,366,539 |
| Grand Total | 245 | 640 | 161 | 22,106,000 | 35,549,778 |
Jobs Created: Based on Job Numbers per Annual Employment Survey (AES). 2017 employment will not be available until 2018 when the Annual Employment Survey is complete.
Exports: Based on exports per Annual Business Review (ABR). 2017 exports will not be available until 2018 when the Annual Business Review survey is complete.
Payments: Based on payments made for all grant types from year achieved to 21 July 2017. It takes time for companies to receive their first payment after being approved for funding by EI.
*Note: The reply to PQ 34733/17 provides a different figure for payments for 2015. Enterprise Ireland confirms that €18,347,883 is the correct figure for 2015.
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