Written answers
Monday, 11 September 2023
Department of Enterprise, Trade and Employment
Inflation Rate
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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562. To ask the Minister for Enterprise, Trade and Employment if he will detail in tabular form, by county (or local authority), the number of businesses that have been supported under the €12 million funding announced in March 2022 to address construction inflation costs and support the completion of existing regionally funded projects under the regional enterprise development and border enterprise development funds; and the estimated total value of the support in each county (or local authority area). [37610/23]
Neale Richmond (Dublin Rathdown, Fine Gael)
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The Deputy will be aware that my Department has approved over €126 million in funding for 79 innovative enterprise focused projects under the Regional Enterprise Development Fund (REDF), Border Enterprise Development Fund (BEDF) and Regional Enterprise Transition Scheme (RETS).
Last year Enterprise Ireland provided additional funding to existing REDF and BEDF projects impacted by increased construction costs to allow for the completion of eligible projects as originally planned. €6 million in funding was allocated in 2022 and a further €6 million is available this year and next.
Enterprise Ireland has advised me that the number of projects which secured approved funding under the ‘Addendum to the REDF and BEDF 2017-2020 Construction Inflation Costs 2022’ fund and the amount of funding per county is as follows.
County | No. of Projects | Total Approved |
---|---|---|
Clare | 1 | €923,674 |
Donegal | 1 | €550,000 |
Dublin | 1 | €681,012 |
Galway | 4 | €2,160,421 |
Kildare | 1 | €493,868 |
Leitrim | 2 | €1,249,731 |
Limerick | 1 | €395,532 |
Louth | 1 | €95,770 |
Meath | 1 | €318,522 |
Monaghan | 2 | €1,339,243 |
Sligo | 2 | €980,546 |
Waterford | 1 | €490,686 |
Wicklow | 1 | €636,831 |
Total | 19 | €10,315,836 |
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