Written answers

Thursday, 18 April 2019

Department of Jobs, Enterprise and Innovation

Regional Enterprise Development Fund Data

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

152. To ask the Minister for Jobs, Enterprise and Innovation the 2017, 2018 and 2019 budget allocations to the regional enterprise development fund; the amount of the 2017 and 2018 budget allocations, respectively, expended in each such year; the number of applications for the fund by each stream in each year to date; the number of successful and unsuccessful applications, respectively, in each such year; the amount of approved funding to successful applications in each year; and the number of payments that have issued to date by county. [18299/19]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Government’s €60 million Regional Enterprise Development Fund, administered by Enterprise Ireland, has the objective ofsupporting every region to build on its unique strengths and ultimately create sustainable jobs.  Administered via two competitive calls, 42 projects were approved funding totalling €59.5 million.  The budget for this fund is part of Enterprise Ireland’s budget to support enterprise development. 

Successful projects under Call 1 and Call 2 of the fund were announced on the 11th of December 2017 and the 3rd of December 2018 respectively. 21 projects were successful under each initiative. €31.5 million was approved under Call 1 and €29 million under Call 2. 

The number of applications, successful and unsuccessful, received under each of the four funding streams, by region, is presented in the table following. Due to the collaborative nature of projects, the regional breakdown of projects presents the best overview of applications, successful and unsuccessful.

Applications under Regional Enterprise Development Fund

RegionStream 1Stream 2Stream 3Stream 4Total
Dublin7710428
Mid-East581115
Midlands 22217
Mid-West5102118
North East32308
North West450110
South East1112115
South West3187432
West695020
Total36723312153

Approvals under Regional Enterprise Development Fund

RegionStream 1Stream 2Stream 3Stream 4Total
Dublin31116
Mid-East02002
Midlands 11103
Mid-West22015
North East10203
North West04004
South East04015
South West242210
West21104
Total11197542

Unsuccessful projects under Regional Enterprise Development Fund

RegionStream 1Stream 2Stream 3Stream 4Total
Dublin469322
Mid-East571114
Midlands11114
Mid-West382013
North East22105
North West41016
South East16209
South-West1145222
West484016
Total2553267111

The successful applicants from Call 1 and Call 2 are detailed in the tables following. The approved funding figures are not available for Call 1 for reasons of commercial sensitivity.  A change to the scheme document for Call 2, stated that the approved funding figures would be published as part of the fund’s requirement.

Projects approved under Call 1 of the Regional Enterprise Development Fund

ProjectCounty
Monaghan County Enterprise FundMonaghan
Leitrim County Enterprise Fund Leitrim/Cavan/Longford
Donegal Digital Innovation CLGDonegal
BIA Innovator Campus CLGGalway
Irish Bioeconomy Foundation CLGTipperary
Emerald Aerocluster CLG Limerick/Shannon/Ireland
Insurtech Network Centre DACCarlow
ThreeD (Design Develop Disseminate) DACWaterford/South
Agritech Centre of Excellence CLGKerry/National
RDI Hub CLGKerry/National
Cork Urban Enterprises CLGCork
IT@Cork CLGCork
KerrySciTech CLGKerry/Cork
Sneem Innovation & Technology Services CLGKerry
MOL TEIC CLGKerry
County Kildare Community Network Company CLGKildare
Dublin Enterprise & Technology Centre CLGDublin/National
Ghala DACDublin/National
Social & Local Enterprise Alliance DACDublin
BPO Cluster Ireland CLGDublin/National
Irish Manufacturing Research CLGWestmeath/National

Projects approved under Call 2 of the Regional Enterprise Development Fund

ProjectCounty Approval Amount
Galway City Innovation District CLG Galway€2,487,400
Midc Páirc Na Mara Galway€2,000,000
The Burren Lowlands CLG Galway, Clare€182,786
CIT Consortium Projects DAC Cork, Kerry€336,360
Ludgate Operations CLG Cork€1,990,392
Vista Agri 4.0 Hub CLG Cork, Kerry,

Waterford, Tipperary
€1,865,215
Crystal Valley Tech CLG Waterford,

Wexford,

Carlow,

Kilkenny,

Tipperary
€219,919
Incupharm DAC Waterford, Wexford,

Carlow, Kilkenny,

Tipperary
€799,212
National Design Innovation Hub DAC Carlow, Kilkenny€1,843,320
Boyne Valley Food

Innovation District DAC
Meath, Cavan,

Monaghan,

Louth
€1,580,640
Mountmellick Development Association CLG Laois€218,200
Offaly Innovation & Design Centre CLG Offaly€458,240
BNest Social Initiative DAC Limerick, Clare,

Tipperary, Cork, Kerry
€603,400
Clare MEZ (Maritime Economic Zone) DAC Clare€1,759,226
Innovate Limerick

T/A Hospital Foods DAC
Limerick, Clare,

Tipperary
€2,279,073
Innovate Dublin

Communities CLG
Dublin  €249,955
St. Paul's Area Development Enterprise CLG Dublin, Mid East€2,094,000
Bioconnect Innovation Centre CLG Monaghan, Cavan €4,976,880
Focused Engineering Network DAC Monaghan, Cavan €250,000
Leitrim Food Enterprise Zone CLG Leitrim, Cavan, Sligo,

Donegal 
€953,640
Sligo County Enterprise Fund CLG Sligo, Mayo,

Leitrim
€1,906,640

Due to the collaborative nature of each project, the regional breakdown below presents the best overview of the number of payments issued to successful applicants to date:

Number of payments to successful projects under the Regional Enterprise Development Fund to date:

RegionNumber of Payments
Dublin<5
Mid-East<5
Midlands <5
Mid-West<5
North East<5
North West<5
South East<5
South West8
West<5
Total14

Funding approved to successful projects was in the form of grants. Grant expenditure must be incurred and then inspected by Enterprise Ireland prior to payment. The payments refer to payments for approved REDF projects and does not include payments for feasibility studies.  Funding for feasibility studies under the REDF is provided to enable promoters to investigate the viability of the project and prepare final submissions for consideration. In some instances, more than one payment has been issued to successful projects under the REDF to date.

Comments

No comments

Log in or join to post a public comment.