Thursday, 12 July 2012

Questions (23)

Jonathan O'Brien

Question:

21 Deputy Jonathan O’Brien asked the Minister for Jobs, Enterprise and Innovation the total cost per job created by each of the enterprise agencies under the direction of his Department. [33876/12]

View answer

Written answers (Question to Minister for Jobs, Enterprise and Innovation)

As part of the Forfás Annual Employment Survey, the overall cost per job is calculated each year by reference to the cost of jobs created in companies supported by the Enterprise Development agencies, during and sustained to the end of a seven-year period.

The accepted accounting measure for cost per job is ‘Cost per job Sustained'. This is calculated by taking into account all direct agency expenditure on all agency client companies in a seven-year period. Only jobs created during, and sustained at the end of each seven-year period, are represented in the calculations. The cost per job calculation takes the total grants paid to companies to undertake development projects, at both start-up and expansion stages, and the new jobs that arise from these projects.

For 2011 the cost per job created in respect of Enterprise Ireland amounted to €12,024. For IDA Ireland, the cost per job sustained amounted to €14,202 and for Shannon Development, the cost amounted to €16,139.

For the County and City Enterprise Boards, the total average cost per job sustained within the CEB clientele network works out at €6,058.28.

The present Government will continue to champion the cause of companies that can create good jobs in sustainable activities. The Enterprise Development agencies will also play a vital role in contributing to the building of a strong, sustainable and innovative enterprise sector that will lead to the creation of employment and investment opportunities so necessary to our economic recovery.