Christopher O'Sullivan (Cork South West, Fianna Fail)
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292. To ask the Minister for Enterprise, Trade and Employment in relation to the €300 million to drive the decarbonisation of manufacturing sectors that he announced in June 2024, the amount allocated to date; the amount to be funded by his Department in 2025; and if he will make a statement on the matter. [43118/24]

Peter Burke (Longford-Westmeath, Fine Gael)
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As the Deputy will be aware, last June I announced that €300 million will be available to drive the decarbonisation of Ireland’s industrial emitters over the coming years. The fund will be used by Enterprise Ireland and IDA Ireland to support client companies to reduce their industrial emissions between now and 2030 through the Environmental Aid scheme.

Enterprise Ireland is supporting client companies to adopt innovative decarbonisation technologies at scale. Since the launch of the fund, significant projects have been delivered throughout industries including Food & Drinks, Cement, and Dairy. The value of grant approvals in 2024 is €28.8 million. The amount to be approved by Enterprise Ireland in 2025, based on an identified pipeline of projects, is currently forecasted at €38.8 million.

Meanwhile, since last June’s announcement, IDA Ireland has approved a total grant aid of €6.63 million to five client companies to reduce their industrial emissions.