Louise O'Reilly (Dublin Fingal, Sinn Fein)
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127. To ask the Minister for Trade, Enterprise and Employment the estimated cost of increasing funding to Enterprise Ireland by 10%. [25314/20]

Leo Varadkar (Dublin West, Fine Gael)
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The Deputy should note that the exchequer funding provided to Enterprise Ireland through my Department’s Vote encompasses two discrete Subheads A7 and B4, which span general supports to indigenous firms and for research and development/innovation supports. Enterprise Ireland’s activities are also funded from the generation of Own Resource Income of the order of approximately €75 million per annum which subject to the sanction of the Minister for Public Expenditure and Reform they may retain for use on programme activity.

A total of €282.082 million was allocated to Enterprise Ireland in the Revised Estimates published by the Department of Public Expenditure and Reform in December 2019. The Revised Estimate for my Department approved by the Dáil on the 30^thJune subsequently increase the funding to EI to €676.582 million. EI is also likely to receive further funding arising the stimulus package agreed by the Government in July which is expected to be submitted for the approval of the Dáil in due course. The increases provided in the June Revised Estimate and agreed in the July stimulus are in the main by way of additional capital funding to allow Enterprise Ireland to provide specific support to those enterprises most impacted by the Covid-19 pandemic.

In terms of increasing Enterprise Ireland’s funding, the Table below sets out the cost of increasing the exchequer funding to EI by 10% on the allocations published in the 2020 Revised Estimate last December.

*As published Dec 2019

The table shows the allocations as published in the 2020 Revised Estimates Volumes and does not account for any Supplementary Estimates or Carryovers of unspent capital monies as provided for under Section 91 of the Finance Act, 2004

The table above does not capture other Exchequer funding being provided to Enterprise Ireland in 2020 from the Votes of the Department of Agriculture, Food and the Marine and the Department of Communication, Climate Action and Environment.

Enterprise Ireland is also provided with funding from the National Training Fund (NTF).