I propose to take Questions Nos. 213, 214 and 220 together.
Job creation is at the top of the Government's agenda. Since coming into office, the Government have focused on improving economic conditions to support the maintenance of existing jobs and the creation of new ones. Our objective is to put the country back on the road to economic recovery and full employment.
The Jobs Initiative, announced on 10 May 2011, focuses our limited resources on measures that offer the greatest potential for expansion and employment creation in the domestic economy. The Initiative had a significant focus on tourism and the reduction in the VAT Rate has helped provide an important stimulus to tourism generally.
Work is also continuing on the Government's Action Plan for Jobs which will set out a series of clear, actionable measures to support the creation and retention of jobs. The Strategy will focus on areas such as:
improving competitiveness and intensifying competition in sheltered sectors;
assisting indigenous business to grow;
supporting indigenous start-ups;
attracting inward entrepreneurial start-ups;
developing and deepening the impact of Foreign Direct Investment;
exploiting opportunities in new and emerging sectors; and
supporting employment initiatives within the community.
The importance this Government attaches to job creation and economic recovery is underpinned by the increase of 4%, at a time of declining resources, in the Capital Budget for Enterprise Ireland.
There are currently almost 400 Enterprise Ireland client companies in the north east region (counties Louth, Cavan and Monaghan) employing just over 13,000 people on a full time basis. In 2011, Enterprise Ireland paid out almost €6.8m in funding to clients in the region.
There are 172 Enterprise Ireland clients in Co. Meath employing 4,329 people full-time. Companies received €5.8m in payments in 2011.
In Co. Sligo there are 82 Enterprise Ireland clients employing 1,314 people full-time and companies received €1.03m in payments in 2011, while in Co. Leitrim there are 44 client companies employing 539 people and funding in 2011 of more than €284,000.
Enterprise Ireland, along with the other development agencies under my remit, will continue to provide a wide range of supports, both financial and non-financial to companies in these counties. The increase in capital allocation across all counties will provide Enterprise Ireland with significant resources to further support the development of Irish enterprise, and will allow the agency to continue with current levels of spending on job creation measures.