Louise O'Reilly (Dublin Fingal, Sinn Fein)
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168. To ask the Minister for Enterprise, Trade and Employment the estimated cost to treble the Young Entrepreneur Fund. [33972/21]

Damien English (Meath West, Fine Gael)
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The total investment by my Department through the Local Enterprise Offices across the three years from 2016 - 2019 in the Ireland’s Best Young Entrepreneur (IBYE) programme is €5million. The competition that ended in September 2019 cost €2.6 million. A trebling of the fund would require funding to the value of €7.8 million per annum.

Since its inception in 2014, over 600 young entrepreneurs have received in excess of €8million in IBYE funding as well as a wide range of vital follow-on training and mentoring to support them on their entrepreneurial journeys.