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Job Creation.

Dáil Éireann Debate, Thursday - 12 November 2009

Thursday, 12 November 2009

Questions (72)

Martin Ferris

Question:

67 Deputy Martin Ferris asked the Tánaiste and Minister for Enterprise, Trade and Employment the number of company start ups there been since 1 January 2009; the way this compares to the figures from past years; her plans to encourage company start ups and thus job creation; and if she will make a statement on the matter. [40766/09]

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Written answers

My Department does not compile specific annual statistics on the number of new start-ups that have commenced trading in the State. As an assistance to the Deputy, the closest approximation to the information sought may be derived from the number of new companies registered each year and the yearly number of new VAT registrations. However, these figures in themselves must be seen as indicative only, bearing in mind that start-ups may involve unincorporated entities e.g. sole traders and /or may not require immediate VAT registration. Tables 1 and 2 below provide the relevant information.

I am very much aware that the key to creating employment is to provide the necessary support to the enterprise sector. My Department's continuous support for enterprises arises through maintaining a positive business environment and through particular interventions from the State development agencies such as Enterprise Ireland, FÁS and the County and City Enterprise Boards. The significant allocations in my Department's Estimates for 2009 for the development agencies ensures that we can continue to build on this strategy for the future. This year in excess of €500 million was provided for capital investment in enterprises.

Table 1: Company Registrations

Year

No. of New Companies Incorporated

1999

18,761

2000

18,232

2001

14,345

2002

13,845

2003

14,388

2004

15,690

2005

17,302

2006

19,297

2007

18,797

2008

14,784

2009 Jan to 31 Oct

10, 965

Source: Companies Registration Office.

Table 2: New VAT Registrations

Year

New VAT Registrations

2000

19,061

2001

25,472

2002

25,014

2003

28,501

2004

31,937

2005

35,842

2006

39,827

2007

33,757

2008

25,727

2009 Jan to 9 Nov

14,408

Source: Revenue Commissioners.

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