Dáil Éireann Debate, Tuesday - 13 June 2023
461. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the funding provided for technology centres in 2022; and if this is capital or current funding; and the cost of increasing this funding by 10%, 20%, and 25%. [27890/23]
View answerThe Technology Centre programme is a joint initiative between Enterprise Ireland and IDA Ireland, which is funded by my Department, through Enterprise Ireland.
The programme allows Irish companies and multinationals to work together on market focused strategic R&D projects in collaboration with research institutions. Technology Centres are collaborative entities established and led by industry. Participating companies propose areas and themes of greatest relevance to them over a 3–5-year period and co-fund part of the research. In response, the researchers develop solutions that respond to these needs.
The Technology Centre programme budget outturn for 2022 was €14,944,322 which comes from capital expenditure. The table below shows the cost of increasing this funding by 10%, 20% and 25% and the total expenditure inclusive of the differing rates of increase.
|
- |
10% increase |
20% increase |
25% increase |
|
|
Budget outturn for 2022 |
€14,944,322 |
|||
|
Cost for various % increases |
€1,494,432 |
€2,988,864 |
€3,736,081 |
|
|
Total cost including increases |
€16,438,754 |
€17,933,186 |
€18,680,403 |
