Louise O'Reilly (Dublin Fingal, Sinn Fein)
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167. To ask the Minister for Enterprise, Trade and Employment the breakdown of funding current and capital allocated to the regional enterprise development programmes in Budget 2023, including the regional enterprise development fund, Border enterprise development fund, the regional enterprise transition scheme, the regional enterprise innovation scheme and the regional enterprise plans projects; if a breakdown could be provided for each scheme, in tabular form; and if he will make a statement on the matter. [15021/23]

Neale Richmond (Dublin Rathdown, Fine Gael)
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Through ongoing funding provided by my Department, Enterprise Ireland has continued to operate competitive schemes to support all regions to build enterprise capability and capacity. In Budget 2023 additional funding of €12 million was provided to Enterprise Ireland to implement the green and digital transformation Schemes. All of this allocated funding is designated as capital funding. The Table below details the estimated amount of funding that Enterprise Ireland expects to expend on the existing regional funding Schemes which are dedicated to regional development and which are currently extant.

It should be noted that the Regional Enterprise Transition Scheme is no longer extant.

Furthermore, the Department has secured up to €145 million under the new European Regional Development Fund (ERDF). This fund will build on initiatives previously funded under the Regional Enterprise Development Fund and Border Enterprise Development Fund and support new collaborative and innovative regional projects. This activity will align with the objectives of the nine Regional Enterprise Plans and Ireland’s Smart Specialisation Strategy around digitalisation and green transformation goals for industry. The Department intends holding the first call under this fund in the coming months.