Minister @paschald I am allocating funding of €950 million to the Department of Business, Enterprise and Innovation in 2019. #Budget19
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This is an increase of 9 per cent on last year.
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SMEs provide most of our employment and additional Government support for this sector is crucial in light of Brexit.
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I am therefore pleased to announce the launch of a Future Growth Loan Scheme for SMEs and the agriculture and food sector.
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Government will bring new legislation to implement this scheme which will provide up to €300 million.
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This builds on the €300 million invested through the Brexit Loan Scheme last year and forms an important part of the Government’s Brexit response.
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I am also providing over €110 million for Brexit measures across a number of Departments, including funding for essential customs requirements and a range of other targeted measures.
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As part of the National Development Plan, I have established a Disruptive Technologies Innovation Fund, which makes €500 million available for co-funded projects involving enterprise and research partners over the period to 2027. #Budget19
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