Following the review of the National Development Plan, my Department published our Sectoral Capital Plan 2026–2030 on the 7th January. The Plan sets out how the Department will spend €4.7 billion in capital investment over the next five years to strengthen Ireland’s enterprise and employment base, attract foreign direct investment, promote innovation and support tourism development across all regions.
In terms of specifics, funding of €1.12 billion has been allocated under the Sectoral Plan to help businesses start, grow and scale through the following initiatives:
• €355 million for enterprise Ireland Grants Programme Investments
• €350 million for Local Enterprise and Regional Development
• €250 million to the Seed and Venture Capital Investment Programme
• €100 million to a Scaling Fun
A further €1.29 billion has been allocated under the Plan to attract and sustain cutting edge inward investment through:
• Next Generation FDI Sites - €100 million
• IDA Regional Property Programme - €500 million
• IDA's Grant Programme - €680 million
A total of €400 million has been allocated to boost tourism competitiveness, growth and market diversification . Priorities in the area of tourism investments include :
• Overseas Tourism Marketing Fund - €77 million
• Tourism Product Development - €200 million
Funding of €1.33 billion has also been allocated to support the development of our innovation economy through the following initiatives:
• Enterprise Ireland Technology Centres - €190 million
• European Space Agency - €170 million
• Disruptive Technologies Innovation Fund - €196 million
• Important Projects of European Common Interest - €120 million
€300 million in funding will also be invested under the Sectoral Plan to support the decarbonisation of our Enterprise base.
As regards the Start Up Ireland investment which will be delivered and managed by Enterprise Ireland, the establishment of Start-up Ireland is a key priority under the Action Plan for Competitiveness and Productivity. The €100 millioni nvestment in Start Up Ireland over the next 5 years will help aims to support 1,000 new startups between 2025 and 2029 by assisting founders to start, connect, and scale. The initiative will address the challenges, identified by a recent OECD report on the Irish start-up ecosystem, by providing for more integrated supports and coordinated pathways for entrepreneurs, and by targeting specific funding gaps.
This new central coordinating approach will enhance alignment and collaboration across the national start-up ecosystem, creating a more cohesive and founder-first ecosystem. Start-up Ireland will also oversee the rollout of a new National Accelerator Programme, succeeding the NDRC, and will act as a national focal point for policy, investment, and ecosystem development, aligning with European and global best practices.
The recent OECD report 'Supporting start-up globalisation in Ireland through incubation and acceleration' also recommended that Ireland promotes a flagship national entrepreneurship campus. This recommendation is reflected in the Programme for Government commitment to consider the development of a national start-up hub for entrepreneurs to engage with all Government Departments and agencies, fast-track the start-up process, and collaborate with fellow entrepreneurs. As part of Start Up Ireland, Enterprise Ireland is considering the development a National Start-up Hub and this process is well advanced.
The €4.7 billion being invested through my Department’s Sectoral Pan over the next 5 years is focused on securing our continued economic success by delivering on the Programme for Government’s ambitions and commitments to promote enterprise, innovation and our national competitiveness and to ensure that the benefits of growth, investment and opportunity are shared across all parts of our country.