Business Supports

Wednesday, 22 February 2023

Questions (40)

Louise O'Reilly

Question:

40. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the list of business support schemes and initiatives supported by InterTradeIreland; the initiatives and schemes that are in development and-or planned to be launched; the funding for same, in tabular form; and if he will make a statement on the matter. [9102/23]

View answer

Written answers

Minister for Enterprise, Trade and Employment

My Department provides joint funding, alongside the Northern Ireland Department for the Economy, for InterTradeIreland (ITI), the North-South implementation body responsible for the promotion of trade and business on an all-island and cross-border basis.

My Department's budget allocation for ITI in 2023 was €11.586 million, of which €8.9 million is dedicated to capital funding to allow ITI to operate its supports.

ITI uses this funding from both Departments to operate a wide range of supports to help promote trade and business on an all-island and cross-border basis. ITI is responsible for managing its individual programmes and utilising its overall budget allocation towards its supports.

Below is a list of the ITI supports for 2023 that are currently active or in development and their budget for each support for the year.

Support Scheme	Status	Funding (€'000)
Acumen	Current	1,839
Tendering - Go2Tender	Current	198
Elevate	Current	281
Trade Information Services	In development	426
Digital Sales Support	In development	338
Supply Chain Resilience	In development	155
Business Solutions Voucher	Current	291
Innovation Boost	Current	2,728
All Island Innovation Programme	Current	93
FFG Advisory Service	Current	62
FFG Business Angel Network	Current	351
FFG Education and Awareness	Current	140
FFG Investor Readiness Event	Current	154
FFG Seedcorn Competition	Current	266
Funding Advisory Programme for SMEs	Current	83
Impact	Current	127
Financial Assistance Scheme	Current	127
Synergy	Current	391