Minister for Enterprise, Tourism and Employment, Peter Burke, has published his department’s Sectoral Capital Plan 2026–2030, outlining €4.7 billion in capital investment under the National Development Plan to strengthen Ireland’s enterprise, innovation and tourism base over the next five years.
The plan represents the largest-ever capital investment in Ireland’s enterprise and innovation ecosystem and is aimed at supporting job creation, boosting competitiveness, attracting foreign direct investment (FDI) and driving regional development. Key allocations include €1.12 billion to support enterprises to start, grow and scale, with funding for Enterprise Ireland grants, local and regional enterprise development, seed and venture capital, and a new Scaling Fund for Irish SMEs. A further €1.29 billion is allocated to attracting and sustaining FDI through IDA Ireland, including investment in regional property solutions and next-generation sites to support large-scale advanced manufacturing in sectors such as semiconductors and biopharma.
The plan also commits €1.33 billion to enterprise innovation and commercialisation, including funding for Technology Centres, the Disruptive Technologies Innovation Fund, European Space Agency programmes and Important Projects of Common European Interest (IPCEI). Tourism will receive €400 million to deliver the new national tourism policy, A New Era for Irish Tourism, supporting product development and overseas marketing. In addition, €300 million is allocated to help enterprises decarbonise and transition to low-carbon operations in line with Climate Action Plan targets.
Commenting on the plan, Minister Burke said the investment will create the infrastructure and innovation ecosystem needed to support future growth and global competitiveness. Ministers of State, Alan Dillion and Niamh Smyth, also highlighted the plan’s focus on regional development and innovation, with targeted investment designed to ensure businesses across the country can grow, innovate and compete internationally.
For more on the investment plan, see here.