Minister for Enterprise, Tourism and Employment, Peter Burke TD, has today announced a total allocation of €1.3485 billion as part of Budget 2027, including €638.5 million in current expenditure, an increase of €27.5 million and €710 million in capital funding, an increase of €30 million. This investment will support enterprise growth, innovation, digital transformation, tourism development and the creation and retention of high-quality jobs.

• €3 million for the establishment of the landmark Start Up Ireland initiative, with the aim of supporting 1,000 new start-ups.
• €20 million for the launch of the €500 million Growth and Sustainability Loan Scheme, providing long-term finance of up to €500,000 on an unsecured basis to eligible businesses, in partnership with the European Investment Bank Group, with a further €20 million commitment in 2028.
• €2.3 million for the National AI Office of Ireland, bringing total budget to €3.8 million, to support implementation of the AI Act, development of an AI Regulatory Sandbox and strengthened national AI capability and literacy.
• €4.5 million for Local Enterprise Offices, including funding for fund energy efficiency upgrades for small businesses and investment in Local Enterprise Offices reforms and modernisation.
• €13 million toward Irish companies engaging with the European Space Agency, bringing the total to €30 million.
• €7.5 million additional funding technology centres for the Irish Manufacturing Research (IMR) centre and the AI technology centre, CeADAR, growing total funding to €32.5 million, strengthening partnerships between businesses and researchers to drive innovation and productivity.
• €6.65 million for Fáilte Ireland tourism product and destination development in the regions.
• €2.5 million for Tourism Ireland marketing for new and high-growth markets.
• €6.5 million for the Disruptive Technologies Innovation Fund, supporting the development of breakthrough technologies and collaborative research projects.
• €1.2 million for National Standards Authority of Ireland (NSAI), supporting the Housing Implementation Plan through agreement, certification and modern methods of construction standards work.
• €800,000 for the Register of Beneficial Ownership (RBO), to implement the sixth Anti-Money Laundering Directive.
• New tax and competitiveness measures will complement record enterprise investment, creating the conditions for businesses to grow, innovate and create jobs across the country. 

The Minister for Enterprise, Tourism and Employment, Peter Burke TD, has welcomed the Budget 2027 allocation designed to strengthen Ireland's competitiveness, accelerate the adoption of artificial intelligence and support businesses through streamlined regulation and targeted investments in innovation, entrepreneurship, sustainability, enterprise and tourism development.