2019

Minister for Finance and Public Expenditure and Reform Mr. Paschal Donohoe T.D delivered the Budget 2019 last month. He promised that this budget “will further develop the underlying strength and resilience of our economy.”

We have highlighted some of the key Budget 2019 figures below.

 

Education

During the Budget 2019 announcement, Mr Donohoe allocated €10.8 billion to the Department of Education and Skills in 2019. During his speech he said:

“This is a 6.7 per cent increase on 2018 and includes funding of €66 million to meet our changing demographics. This will allow for almost 1,300 additional posts in schools in 2019. The Government is also increasing the standard capitation rate per pupil by 5 per cent.”

The Irish government will also invest over €1.8 billion to support children with special educational needs.

 

Transport

The Budget in 2018 allocated an additional €1.26 billion in capital expenditure over 2018 to 2021 to the Department of Transport, Tourism, and Sport. €286 million of this allocation will be made available in 2019 to fund new transport infrastructure. This will include projects such as:

  • The N4 Collooney to Castlebaldwin and the Dunkettle Interchange
  • Completion of the runway overlay project at Knock Airport
  • Design, planning, and implementation of cycling and walking projects across Ireland

 

SMEs

€950 million has been allocated to the Department of Business, Enterprise, and Innovation in 2019, a 9% increase on last year.

The Minister for Finance and Public Expenditure recognised the impact SMEs have on the Irish economy, stating that they “provide most of our employment”. During the Budget 2019 announcement, he launched the Future Growth Loan Scheme for SMEs and the agriculture and food sector to support them post Brexit. This scheme will make €300 million of loans available with a term of 8-10 years. The loans will have favourable terms and loans of less than €500,000 will not require security.

 

Housing

€2.3 billion was allocated to Ireland’s housing programme for 2019. Mr Donohoe revealed that over four years to the end of 2019 “€6.6 billion will have been provided to accelerate the delivery of housing supports.”

 

Post Budget Tender Opportunities

Governments in Ireland and UK spend a combined £242 billion (€270 billion) on goods and services every year.

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Healthcare opportunities

The Irish Government Budget for the 2019 fiscal year was presented to Dáil Éireann on 9 October 2018 by Minister for Finance Paschal Donohoe.

During the budget announcement, Mr Donohoe said the Government has invested “record levels of funding into our key public services, including health” in recent years.

The Budget for 2019 continued this trend as a further €1.05 billion increase in funding was allocated to the Irish health sector for next year.

 

Health Budget rises to €17 billion

During Budget 2019, Mr Donohoe announced that the Irish health budget has reached €17 billion. Over the past two years, Ireland has seen “the highest level of Health investment in the history of the State”.

This investment will fund a range of additional services and new initiatives:

  • There are plans for a €25 increase in the weekly income threshold for GP Visit cards
  • Prescription charge for medical card holders aged over 70 years has been reduced by 50%, cutting the charge to €1.50 per item.
  • €10 reduction in the monthly Drugs Payment Scheme

Separately, the Minister for Finance announced that “€84 million will be provided for Mental Health Services in 2019, bringing the total available funding for Mental Health to €1 billion.”

 

Healthcare Procurement in Ireland

This increase in spend makes Ireland’s healthcare sector a lucrative market for micro business and SME suppliers.

HSE spends its procurement budget on a wide variety of goods and services, which means that there is a range of healthcare tender opportunities for your business to bid for.

Finding HSE tenders relevant to your business can be difficult. To make it simple for you, Supply2Gov provides an easy to use tender alerts service – which sends healthcare opportunities straight to your inbox.

 

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UK Budget 2018

The UK’s Chancellor of the Exchequer, Philip Hammond MP, delivered the UK Autumn Budget last week and, although many of the spending packages had already been announced before Budget day, Irish suppliers looking for public procurement opportunities in the UK should be paying attention.

We have highlighted some of the key Autumn Budget 2018 figures below.

 

NHS

During the summer, the Prime Minister announced that the government has pledged to increase healthcare funding by £20.5 billion after inflation by 2023-24. Mr Hammond acknowledged this within the Autumn Budget announcement stating that the money invested in the NHS will go to the front line and to improvements in services.

 

Education

Although the UK is “investing record amounts” in schools, education was also high on Philip Hammond’s list as the sector will receive a £400 million boost. During the announcement he said that:

“Investment is paying off with 86% of schools now rated good or outstanding, compared to 68% in 2010.”

The £400 million in-year bonus is designed to help schools “buy the little extras they need”. Primary schools across England will receive on average £10,000 each, while the average secondary school will receive £50,000.

 

Housing

Mr Hammond promised a further £500 million for the Housing Infrastructure Fund. This will “unlock 650,000 homes”.

Other housing announcements included that the UK government has partnered with nine housing associations, with the intention to deliver 13,000 homes across England.

 

Defence

Philip Hammond announced that an additional £1 billion will be allocated to the UK defence budget for the remainder of this year and next. This will boost Britain’s cyber and anti-submarine warfare capabilities.

 

Find public procurement opportunities in the UK

Many Irish suppliers work with both the Irish and UK public sector as the latter is an extremely valuable market.

The UK public sector spends £242 billion each year. Supply2Gov Ireland users can tap into this spend by subscribing to UK tender alerts. Relevant tenders to your business will be sent straight to your inbox every week day which means you will never miss opportunities that are suitable for your business to bid for.

You can try the Supply2Gov service for free by registering online now.