Written answers
Thursday, 14 July 2022
Department of Enterprise, Trade and Employment
Departmental Bodies
Louise O'Reilly (Dublin Fingal, Sinn Fein)
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178. To ask the Minister for Enterprise, Trade and Employment if he will provide a list of the agencies under the auspices of his Department with underspends for each of the years 2021 and to date in 2022, in tabular form. [38910/22]
Leo Varadkar (Dublin West, Fine Gael)
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The table below sets out the list of underspends incurred by the Agencies under the auspices of this Department at the end of 2021 and against profile to the end of May 2022.
| Agency name | Underspend end 2021 | Underspend against profile end May 2022 |
|---|---|---|
| €,000 | €,000 | |
| InterTrade Ireland | -11 | n/a |
| IDA Ireland | -33,600 | -10,000 |
| National Standards Authority of Ireland | -1,973 | -190 |
| Enterprise Ireland* | -121,838 | -14,832 |
| Local Enterprise Office | -9,662 | n/a |
| Health and Safety Authority | -2,333 | -180 |
| Competition and Consumer Protection Commission | -2,713 | -633 |
| Personal Injuries Assessment Board | -54 | n/a |
| Irish Auditing and Accounting Supervisory Authority | -540 | -22 |
| Total | 172,724 | 25,857 |
*Includes Subheads A7 and B4, which span general supports to indigenous firms and for research and development/innovation supports. Also included are Subheads A15, A17 and B8 which are administered through Enterprise Ireland.
The underspends by the aforementioned Agencies of my Department were mainly in the area of capital expenditure. In this regard my Department was allocated significant additional non-core capital funding in 2021 to assist it and the Agencies concerned in the battle against Covid-19. One of the primary factors giving rise to the underspend in 2021 was the progress made in reopening the economy, which meant that less of the additional non-core funding was required to be expended by the Agencies concerned.
Insofar as 2022 is concerned, whilst expenditure of a number of the Department’s Agencies is behind profile as at the end of May, this is not necessarily an indicator of an underspend at year-end. The timing of drawdowns of capital monies can vary for many reasons resulting in an under or overspend against profile at a particular point in time.
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