Dáil Éireann Debate, Tuesday - 22 October 2024
280. Deputy Paul McAuliffe asked the Minister for Enterprise, Trade and Employment the amount being allocated to the seed and venture capital scheme in 2025; and if he will make a statement on the matter. [42454/24]
View answerIn Budget 2025, I secured €250 million for the next five-year iteration the Seed and Venture Capital Scheme which will run from 2025 to 2029 inclusive. This represents an additional €75 million, which is a 42% increase on the previous five-year allocation.
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 with a substantial portion of the €250 million expected to be committed in 2025.
