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Enterprise Support Services

Dáil Éireann Debate, Wednesday - 25 January 2012

Wednesday, 25 January 2012

Ceisteanna (45)

Martin Ferris

Ceist:

41 Deputy Martin Ferris asked the Minister for Jobs, Enterprise and Innovation the jobs to euro ratio of State investment through each of the State’s enterprise development organisations. [4139/12]

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Freagraí scríofa

As part of the Forfás Annual Employment Survey, the overall cost per job is calculated each year by reference to the cost of jobs created during, and sustained at the end of, a seven-year period. The accepted accounting measure for cost per job is ‘Cost per job Sustained'.

The cost per job sustained by the development agencies Enterprise Ireland, IDA Ireland and Shannon Development for the period 2004/2010, calculated by taking into account each agency's expenditure to firms in the period of calculation, are €12,254, €14,287 and €7,552 respectively. In the case of each Agency, only jobs created during, and sustained at the end of, each seven year period are credited in the calculations. These figures are published in the Agencies' Annual Reports 2010 which are available on their respective websites.

I am informed that information relating to the period 2005/2011 for Enterprise Ireland, IDA Ireland and Shannon Development will be included in each Agency's respective Annual Report 2011, which will be published later this year.

A different system is used by the City and County Enterprise Boards (CEBs) to calculate cost per job data. In the case of the CEBs the cost per job supported is €5,756. This is calculated on the basis of the 38,672 gross jobs created or sustained in the 10,920 enterprises which received assistance amounting to over €222 million from 1993 (their year of establishment) to 2010 (the most recent year for which figures are currently available).

The significant contribution of the companies assisted by the enterprise development agencies to the Irish economy should be noted. Indeed, according to the latest available figures in Forfás' Annual Business Survey of Economic Impact 2009, agency assisted companies were responsible for direct expenditure of €38bn in the domestic economy, delivering a significant economic impact nationwide.

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