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Job Creation Data

Dáil Éireann Debate, Wednesday - 13 February 2013

Wednesday, 13 February 2013

Questions (102)

Peadar Tóibín

Question:

102. Deputy Peadar Tóibín asked the Minister for Jobs, Enterprise and Innovation the number of jobs created by Enterprise Ireland under the high potential start-ups for each year since its establishment; and the total value of supports offered per year issued to high potential start-ups. [7745/13]

View answer

Written answers

Over the period 2008-2012, Enterprise Ireland has supported a total of 413 High Potential Start Up companies.

Enterprise Ireland expenditure on HPSUs in 2012 is set out in the table.

However, in the time available, it is not possible to provide exact figures for job creation over this period, as it will require disaggregation of data across a number of different sources, for example:

- Number of jobs existing in each HPSU, prior to provision of EI support;

- Support to HPSUs does not include funds invested in the Irish VC industry which were subsequently invested in Irish companies including start-ups;

- Due to the nature of HPSUs, the returns in terms of jobs and exports, from the HPSUs supported will substantially occur in future years.

The information the Deputy requested in currently being compiled and a follow up response will issue shortly.

Inputs  HPSU

Total Spend

Equity

Grants

Total  HPSU Approvals

€35,885,836

€27,464,744

€8,421,092

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