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15/10/2013
Over 48,000 New Jobs To Be Supported In 2014
Enterprise Ireland and IDA are targeting the creation of a total of 24,000 gross new jobs in supported companies during 2014 as a result of financial supports allocated under today's Budget.
Based on a conservative calculation of standard multiplier effects, this will result in the creation of more than 20,000 additional jobs elsewhere in the economy through supply companies and support services. The CEBs/LEOs are expected to support the creation of a further 4,500 jobs in 2014.
Minister Bruton was speaking at a press briefing on job-creation in Budget 2014 along with Minister of State for Small Business John Perry TD and Minister of State for Research and Innovation Sean Sherlock TD.
Further job-creation measures included in Budget 2014 include:
• A package of new measures to support start-ups and growing businesses, including an income tax exemption for long-term unemployed people who start a business and incentives for investment in start-up businesses
• €3.5million in additional funding for CEBs/LEOs
• Continued provision for a total of over €2billion in non-bank credit schemes for business
• More than €400million in total funding invested through EI and SFI research and innovation programmes in 2014, taking into account expected levels of funding from various sources including EU and industry, in line with 2013 investment
• Full delivery of Action Plan for Jobs 2014
• Supports for jobs growth in targeted sectors including retention of the 9% VAT rate for the hospitality sector, 0% air travel tax, home renovation incentive, extension of the Living Cities Initiative
Minister Bruton commented: "This is another pro-jobs, pro-enterprise Budget and is further clear statement of intent by this Government to continue the job we started in 2011 to rebuild our shattered economy.
“Budget 2014 is aimed at building on and accelerating the progress we are making in addressing the massive jobs challenge we inherited. In an extremely difficult Budgetary environment, I am happy that investment right across my Department’s capital programme in 2014 will continue in line with 2013 expenditure levels, and new funding is being provided for CEB/LEO initiatives."
(CD)
Based on a conservative calculation of standard multiplier effects, this will result in the creation of more than 20,000 additional jobs elsewhere in the economy through supply companies and support services. The CEBs/LEOs are expected to support the creation of a further 4,500 jobs in 2014.
Minister Bruton was speaking at a press briefing on job-creation in Budget 2014 along with Minister of State for Small Business John Perry TD and Minister of State for Research and Innovation Sean Sherlock TD.
Further job-creation measures included in Budget 2014 include:
• A package of new measures to support start-ups and growing businesses, including an income tax exemption for long-term unemployed people who start a business and incentives for investment in start-up businesses
• €3.5million in additional funding for CEBs/LEOs
• Continued provision for a total of over €2billion in non-bank credit schemes for business
• More than €400million in total funding invested through EI and SFI research and innovation programmes in 2014, taking into account expected levels of funding from various sources including EU and industry, in line with 2013 investment
• Full delivery of Action Plan for Jobs 2014
• Supports for jobs growth in targeted sectors including retention of the 9% VAT rate for the hospitality sector, 0% air travel tax, home renovation incentive, extension of the Living Cities Initiative
Minister Bruton commented: "This is another pro-jobs, pro-enterprise Budget and is further clear statement of intent by this Government to continue the job we started in 2011 to rebuild our shattered economy.
“Budget 2014 is aimed at building on and accelerating the progress we are making in addressing the massive jobs challenge we inherited. In an extremely difficult Budgetary environment, I am happy that investment right across my Department’s capital programme in 2014 will continue in line with 2013 expenditure levels, and new funding is being provided for CEB/LEO initiatives."
(CD)
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Northern Ireland WeatherToday:A very mild, but mostly cloudy day, although with some bright or sunny spells. It will be mostly dry in the morning, but a little patchy light rain or drizzle at times in the afternoon. Maximum temperature 14 °C.Tonight:A band of heavier rain will move east during the evening before clearing eastwards after midnight. then mostly dry through the early hours, but a little rain towards dawn. Minimum temperature 8 °C.
