Dáil Éireann Debate, Thursday - 16 July 2015
300. Deputy Brendan Smith asked the Minister for Jobs, Enterprise and Innovation if he is aware of the need to provide much needed additional job opportunities throughout County Monaghan; the proposals his Department and the State's industrial promotion agencies have to assist in job creation and in the maintenance of existing employment; and if he will make a statement on the matter. [30334/15]
View answer301. Deputy Brendan Smith asked the Minister for Jobs, Enterprise and Innovation if he is aware of the need to provide much needed additional job opportunities throughout County Cavan; the proposals his Department and the State's industrial promotion agencies have to assist in job creation and in the maintenance of existing employment; and if he will make a statement on the matter. [30335/15]
View answerI propose to take Questions Nos. 300 and 301 together.
In general, the Government’s approach to supporting job creation at regional level is through the new Action Plan for Jobs: Regional initiative. Since the start of the national Action Plan for Jobs process in 2012, employment across the economy as a whole has increased, and has exceeded the Government’s initial target of having 100,000 people at work by 2016.
However, we are conscious that not all regions are yet fully experiencing the benefits of the recovery. To accelerate progress on the jobs agenda in the regions, last February, the Government announced details of the Action Plan for Jobs: Regional initiative which seeks to build on the existing strengths and assets of each region to maximise enterprise growth and job creation. This initiative will see Action Plans drawn up for eight regions. Cavan and Monaghan are included in the Border Region.
The first two regional Action Plans for Jobs, covering the Midlands and the South West regions, were published in the last number of weeks. My Department is continuing to work on the finalisation of a number of further regional Action Plans which will be launched shortly, including the Plan for the Border region. The Plan will focus on building the enterprise base across the region as a whole and there will be an emphasis on collaboration across counties to maximise the potential of the region.
In terms of direct job creation by my Department’s agencies, Enterprise Ireland activity is focused on working with established companies in its portfolio and supporting entrepreneurs in manufacturing and internationally traded services companies who are setting up high potential start-up companies. In 2014 Enterprise Ireland client companies created 394 full-time jobs in County Cavan and 382 full-time jobs in County Monaghan. To date in 2015, Enterprise Ireland has assisted two major investments, in 2015, Lakeland Dairies’ expansion of milk powder processing operations at Bailieboro and Combilift’s investment programme and new jobs in Monaghan.
Regional development is a major component of IDA Ireland’s new corporate strategy entitled “Winning: Foreign Direct Investment 2015-2019”. For the first time ambitious investment targets have been set for each region, with a strong focus on securing an increased share of investments. IDA client companies in the Border region now employ 9,734 people and include leading companies in the Engineering, Life Sciences, Financial and Services sector. IDA secured 47 projects for the Border Region over the past 5 years (2010-2014). A 30% to 40% uplift in projects would result in 61 to 66 projects for the region for the coming five years.
Counties Cavan and Monaghan are marketed by IDA as part of the North East Region and in 2014 there were 36 IDA clients in the Region. IDA Ireland continues to engage with all existing companies in its portfolio to influence, drive and support transformation initiatives designed to ensure longevity of investments and ongoing growth and job creation within the client base. IDA will consider all opportunities to leverage its property portfolio in smaller population centres like Cavan and Monaghan in order to facilitate investment and job creation.
The Local Enterprise Offices (LEOs) are the “First-Stop-Shop” service assisting in delivering start-ups and growth in the micro-enterprise sector in every County. The Cavan and Monaghan LEOs offer a range of supports and advice to anyone interested in starting or expanding a business. Further information can be found on the LEO website at www.localenterprise.ie.
At the end of 2014 there were 1,049 jobs in LEO client companies in Cavan with jobs growth of 108 in 2014, and there were 904 jobs in LEO client companies in Monaghan with jobs growth of 61 in 2014.
Each LEO can, subject to criteria, offer financial support to manufacturing and internationally traded services, as well as a suite of other supports to start-up and existing business including training, mentoring, access to loans by Micro Finance Ireland and trading on-line vouchers.
In addition to the normal suite of financial supports, the LEOs in every county are running Ireland’s Best Young Entrepreneur 2015, with an investment fund of up to €50,000 available to three category winners i.e. Best Business Idea, Best Start-Up Business and Best Established Business.
I am confident that the policies pursued by the State agencies and the Local Enterprise Offices will continue to support enterprise development and lead to an increase both in job creation and in entrepreneurial activity across Cavan and Monaghan throughout 2015 and beyond.
