Written answers
Tuesday, 14 June 2022
Department of Enterprise, Trade and Employment
Enterprise Support Services
Louise O'Reilly (Dublin Fingal, Sinn Fein)
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154. To ask the Minister for Enterprise, Trade and Employment the estimated cost of increasing funding for Enterprise Ireland, by 10%, 20%, 25% and 50%, respectively, in tabular form. [28840/22]
Leo Varadkar (Dublin West, Fine Gael)
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The funding provision to Enterprise Ireland covers two subheads on the Department’s Vote, Subheads A7 and B4, which span general supports to indigenous firms and for research and development/innovation supports. My Department has allocated a total of €332.32 million in respect of these subheads in 2022. The cost of increases of 10%, 20%, 25% and 50% are set out in the table below
| - | REV Allocation 2022(€,000) | 10% Increase(€,000) | 20% Increase (€,000) | 25% Increase(€,000) | 50% Increase(€,000) |
|---|---|---|---|---|---|
| Enterprise Ireland A7Jobs and Enterprise Development | 197,016 | 216,717 | 236,419 | 246,270 | 295,524 |
| Enterprise Ireland B4Innovation | 135,304 | 148,834 | 162,364 | 169,130 | 202,956 |
| Total | 332,320 | 365,551 | 398,783 | 415,400 | 498,480 |
The Disruptive Technologies Innovation Fund is administered on behalf of the Department of Enterprise, Trade and Employment by Enterprise Ireland. This fund has an allocation of €67m for 2022 which is not included in the 2022 total figure for Enterprise Ireland.
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