Startup funding in Ireland

In reference to Web 2.0 Ireland post Web2.0 Funding - a possible scenario
(has good summary of latest IRL govermet budget and BES Scheme and how it can help startups)
as an Irishman in USA and contemplating to return someday, I see a "lack" of visible early stage funding available in IRL.

Now this is written mostly from afar (and hence looking at blogs, websites, VC sites, finance circles, google etc.) although I have a few 'startup' connections across the waters.
The UK has a similar issues but not on such a grand scale.

I see EI/IDA doing some good and the goverment making the right noises just not seen any real concrete results (maybe 2 early 2 tell).

I presume as u indicate those (would be angels) with money in their pockets are getting higher (and potentially less risky) returns from their other investments (property). In that respect it will take quite a bit of correction (signs are there 4 quite some time but not really happened yet) b4 they "need" to go look elsewhere. Also expect they will need some education (and/or brokering) b4 they dabble in 'risky' technology startups.