IDA Ireland and Enterprise Ireland client companies create highly skilled, well-paid and sustainable jobs. The cost of those jobs to the State is calculated by taking into account IDA Ireland and Enterprise 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 average cost per Enterprise Ireland job is €4,828 in the 2011-2017 period compared to €7,350 in the period 2010-2016, a decrease of 34%. The cost per IDA Ireland job for the period 2011-2017 is €8,057 compared to €9,148 from 2010-2016, a decrease of almost 12%. Information for the 2012-2018 range will be available when both Agencies publish their annual reports later this year.
InterTrade Ireland (ITI) does not measure cost-per-job but operates a range of programmes to assist small and medium enterprises (SMEs) explore new cross-border markets, develop new products, processes and services. These initiatives, through supporting cross border firms to grow and expand, do help create and sustain jobs on the island of Ireland. While figures for last year are not yet available, in 2017 there were 2,611 companies engaged in North-South business through ITI’s trade and innovation activities & services.