In 1995, there were 64 announcements of new investments by IDA assisted companies. Together these projects are investing in excess of £1,230 million and are expected to generate 12,239 jobs over the next three to five years.
A total of 11,500 new jobs were created and filled by IDA supported companies during 1995. In 1996, up to 17 October 68 IDA backed projects involving £615.6 million investment and projected employment of 11,008 jobs over the next three to five years, have been announced. Data on the progress of actual job creation to date this year cannot be confirmed until IDA completes its annual census of employment in November. However, based on the mid-year partial survey by IDA and an update on companies by IDA executives, it is clear that the actual job creation-recruitment levels in the projects announced is in line with expectations. While a small number of projects have not proceeded in line with projections, the activity this year in the companies supported by IDA indicates that at least 11,000 first time jobs will be created in 1996.
Finally, I am informed by IDA Ireland that there is no direct correlation between the number of jobs announced and those created in a particular year. The latter figure can derive from projects commenced several years previously, since very few projects could come on stream fully in any shorter period, and since the actual pace of coming to projected capacity will naturally vary with economic and other conditions.