Written answers
Tuesday, 23 July 2024
Department of Enterprise, Trade and Employment
Research Funding
Louise O'Reilly (Dublin Fingal, Sinn Fein)
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543.To ask the Minister for Enterprise, Trade and Employment the estimated cost of increasing research, development, and innovation funding under his Department by 5%, 10%, 20%, 25% and 50%, in tabular form. [31178/24]
Peter Burke (Longford-Westmeath, Fine Gael)
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Enterprise Ireland’s RD&I budget, Subhead B4.1, known as the Science Technology and Development Budget, provides direct and indirect research development and innovation supports for indigenous companies and supports the commercialisation of State funded research.
Activity 1 – Transforming R&D Activity in Enterprise- provides RD&I support for all stages of company development and innovation.
Activity 2– Industry Collaboration with 3rd Level Sector– including Technology Gateways, Innovation Partnerships, Technology Centres, Innovation Vouchers and New Frontiers Programme and European Digital Innovation Hubs.
Activity 3 – Realising the Commercial Potential of Ireland's Research Community- comprising the Commercialisation Fund, KT Boost, and Incubator Space at 3rdlevel.
Activity 4 – Programme Support:Funds the central resource in EI to manage and facilitate its RD&I activities.
The RD&I Programme capital allocation (excluding the EU funded programmes of the European Regional Development Fund and European Digital Innovation Hubs) for 2024 was €133,998,000. The table below shows the cost of increasing this funding by 5%, 10%, 20%, 25% and 50% and the total expenditure inclusive of the differing rates of increase.
- | 5% increase | 10% increase | 20% increase | 25% increase | 50% increase | |
---|---|---|---|---|---|---|
Budget allocation for 2024 | €133,998m | |||||
Cost for* various % increases | €6,699.9m | €13,399.8m | €26,799.6m | €33,499.5m | €66,999m | |
Total cost including increases | €140,697.9m | €147,397.8m | €160,797.6m | €167,497.5m | €200,997m |
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