Gerald Nash (Louth, Labour)
Link to this: Individually | In context | Oireachtas source

15. To ask the Minister for Enterprise, Trade and Employment if Enterprise Ireland is currently accepting new applications for the sustaining enterprise fund; the number of applications that are currently awaiting a decision; and if he will make a statement on the matter. [11041/21]

Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Enterprise Ireland is not currently accepting new applications for the Sustaining Enterprise Fund at this time pending ongoing budgetary considerations in the context of future need by relevant enterprises. 594 applications have been received to date under the Sustaining Enterprise Fund. The Investment Committee of Enterprise Ireland has approved 430 of these applications to date with a value of €151,631,500 and 164 applications are awaiting approval.

The Government and my Department’s focus is on ensuring that our businesses and jobs remain viable for the future. The Sustaining Enterprise Fund administered through Enterprise Ireland provides support of between €100,000 - €800,000 to companies who have been impacted by COVID-19. The objectives of the fund are to ensure eligible companies can accelerate their recovery and to provide funding needed to stabilise cashflow, adapt operations and innovate for new customer needs.