Louise O'Reilly (Dublin Fingal, Sinn Fein)
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187. To ask the Minister for Enterprise, Trade and Employment the estimated cost of increasing funding to the Office of the Director of Corporate Enforcement and the Corporate Enforcement Authority by 50%. [39125/22]

Leo Varadkar (Dublin West, Fine Gael)
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As the Deputy will be aware, the Corporate Enforcement Agency was formally established on 6^thJuly 2022. The new Agency will effectively subsume the Office of the Director of Corporate Enforcement and will have greater autonomy and flexibility in terms of the ability to recruit staff with the necessary skills mix and depth of experience to meet the reinforced mandate of the CEA.

In preparation for the establishment of the new Agency, the overall budget allocation for the ODCE was increased by almost 30% to €7.75 million in 2022.

The table below sets out the estimated costings of increasing funding to the CEA by 50%.