Written answers

Thursday, 9 December 2021

Department of Enterprise, Trade and Employment

National Development Plan

Photo of Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail)
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139. To ask the Minister for Enterprise, Trade and Employment his Department’s allocation under the National Development Plan; and if he will make a statement on the matter. [60811/21]

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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The recently published National Development Plan 2021 – 2030, sets out Departmental Capital allocations to 2025 and a total public investment of €165 billion over the period 2021-2030. In respect of my own Department, the NDP set out the following allocations;

2021 2022 2023 2024 2025
€432m €523m €558m €584m €611m

In Budget 2022 it was confirmed that my Department will have a Capital allocation of €540m which included an additional €17m for ongoing Covid pandemic response measures, in addition to the baseline of €523m set out in the NDP.

The additional allocation secured in the NDP for 2022 allows my Department to invest in, or provide additional support to;

- the Enterprise Green Transition Fund,

- the Digital Transition Fund,

- European Digital Innovation Hubs,

- Future Manufacturing Ireland, - Advanced Manufacturing, - Agri Food Transformation, - Research & Development, - Regional Property,- the Disruptive Technologies Innovation Fund- the Space Technologies Programme, - the Expansion of NIBRT (National Institute for Bioprocessing Research and Training)- and Regional Enterprise Development Funding.

The final allocation of funding across the various subheads will be confirmed in the coming weeks on publication of Revised Estimates for 2022.

Theses strategic investment priorities are all set out in Chapter 10 of the NDP under National Strategic Objective number five, ‘A Strong Economy, supported by Enterprise, Innovation and Skills’. As detailed there, investment in these priorities will help us to maintain and build on our competitive, innovative and resilient enterprise base, providing high-quality jobs and employment opportunities for people to live and prosper in all regions.

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