Paul McAuliffe (Dublin North West, Fianna Fail)
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86. To ask the Minister for Enterprise, Trade and Employment if the €300 million in funding announced in June 2024 to drive decarbonisation of manufacturing sectors is to be provided entirely by his Department under Vote 32 of the Estimates, and, if not, to provide details of how the funding will be provided. [43480/24]

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 emissions between now and 2030 through the Environmental Aid scheme.

The €300 million in funding will primarily come from the DETE Vote 32. €200 million is allocated to Enterprise Ireland through subhead A7 and €100 million to IDA Ireland through subhead A5. IDA Ireland’s/Enterprise Ireland’s activities are also funded from the generation of Own Resource Income which, subject to the sanction of the Minister for Public Expenditure, NDP Delivery and Reform, they may retain for use on programme activity.

Paul McAuliffe (Dublin North West, Fianna Fail)
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87. To ask the Minister for Enterprise, Trade and Employment if the €250 million in funding for the seed and venture capital scheme is to be provided entirely by his Department under Vote 32 of the Estimates; and, if not, to provide details of how the funding will be provided. [43481/24]

Peter Burke (Longford-Westmeath, Fine Gael)
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The next cycle of the Seed and Venture Capital Scheme will operate for the period 2025 to 2029 and will have a record allocation of €250 million.

The Scheme is administered by Enterprise Ireland and the amount that is committed in any one of the five years of the programme is dependant on the results of competitive calls that EI will open.

The actual amount that is drawn down for investment funds in any calendar year will cover commitments made in previous years and will be determined by the operations of the funds into which the commitments are made.

The funding for the Scheme is allocated to Enterprise Ireland, from the Department's Capital Budget allocation under Program A-Jobs and Enterprise Development under Vote 32 of the Estimates.

Enterprise Ireland’s activities are also funded from the generation of Own Resource Income which, subject to the sanction of the Minister for Public Expenditure, NDP Delivery and Reform, they may retain for use on programme activity.