Dáil Éireann Debate, Thursday - 26 October 2006
132 Mr. Naughten asked the Minister for Enterprise, Trade and Employment the average cost of grant aid per job created by the IDA in each of the past five years; and if he will make a statement on the matter. [34924/06]
Amharc ar fhreagraThe cost per job sustained in IDA supported companies is calculated by taking into account all IDA Ireland expenditure to all firms, in the period of calculation. Only jobs created during, and sustained to the end of, each seven-year period are credited in the calculations. The information requested by the Deputy is set out in the following table:
|
1994/2000 |
1995/2001 |
1996/2002 |
1997/2003 |
1998/2004 |
1999/2005 |
|
€15,232 |
€15,169 |
€17,236 |
€16,942 |
€15,040 |
€13,229 |
Constant 2005 prices.
133 Mr. Naughten asked the Minister for Enterprise, Trade and Employment the average cost of grant aid per job created by Enterprise Ireland in each of the past five years; and if he will make a statement on the matter. [34925/06]
Amharc ar fhreagraThe average cost per job, of jobs created with assistance from Enterprise Ireland from 2001 to 2005, is outlined in the following table. The cost per job is calculated by taking into account all direct agency expenditure on all Enterprise Ireland 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 figures in the table are given in 2005 constant prices. 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.
It should be noted that Enterprise Ireland follows an investment policy of 50% grant and 50% equity, and this departure from higher amounts of grant support has allowed for a greater level of risk sharing in company development projects, and allows for an increased spread of grants to a larger number of companies. The funds that are realised from the sale or repayment of equity related investments are deducted in the cost per job calculations. This has been one of the drivers in the declining cost per job figure in recent years.
|
Period/Year |
1995/01 |
1996/02 |
1997/03 |
1998/04 |
1999/05 |
|
Cost per Job |
€10,181 |
€10,675 |
€9,387 |
€8,155 |
€5,412 |
