Minister Burke announces over €12 million capital investment in equipment for industry research and development

Minister for Enterprise, Tourism and Employment, Peter Burke T.D. has announced the successful applicants to the latest round of the Capital Equipment Call, administered by Enterprise Ireland (EI) through the Technology Gateway and EI/IDA Technology Centre Programmes.

Ten successful projects from across the third-level sector have secured €12.1m in funding to improve the capabilities of the existing Technology Gateways and EI/IDA Technology Centres by investing at a scale that allows them to bridge the gap between their existing capabilities and the state of the art.

With individual awards of up to €2 million available the equipment funded through this Call will become an engine of economic development for local companies, in particular Small and Medium Enterprises who could not afford to invest at this scale. The new equipment will particularly help companies develop new products and services in areas focusing on Sustainability and Manufacturing Productivity.

Since 2019, the Capital Equipment Fund administered by Enterprise Ireland has funded over 200 equipment purchases with a total value of €55 million.

Minister for Enterprise, Tourism and Employment, Peter Burke TD said: “I am delighted to announce that my Department, through Enterprise Ireland, is providing over €12.1 million to fund state of the art equipment for our Technology Gateways and Technology Centres. Innovation is essential for all companies to adapt and deliver novel products and services, making them more competitive in their respective markets. This funding will further add to our system of supports to our enterprise sector, with the new equipment being an important tool for companies on their growth and innovation journey.

This announcement builds on my Department’s ongoing investment in equipping our research and innovation system, bringing our total funding to €55 million. It will allow our research network to continue to provide cutting edge support to Irish enterprise across all sectors and all regions in Ireland, providing more quality jobs along the way.”

Marina Donohoe, Divisional Manager, Research & Innovation at Enterprise Ireland said: “The scale of this investment will have an extremely positive impact on companies in Ireland, in particular the Small and Medium Enterprises (SMEs). The cost of the equipment funded here is prohibitive to most SMEs so the provision of it in the Technology Gateways and Technology Centres means companies will have access to leading edge facilities that will in turn help to improve their technical capabilities and deliver world leading products and services. With an emphasis on sustainability, the new equipment will provide Irish companies with the means to dramatically improve their competitiveness whilst also positively contributing to Ireland’s action on Climate Change.”

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