Oireachtas Joint and Select Committees

Tuesday, 11 June 2013

Select Committee on Jobs, Enterprise and Innovation

Estimates for the Public Services 2013
Vote 32 - Jobs, Enterprise and Innovation (Revised)

2:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

By and large they are different. Each sector is different. If a company is in the exporting sector then traditionally it ought to have similar knock-on effects. By and large the multiplier is higher for an Enterprise Ireland company than for an IDA company because they tend to have higher purchases of materials and services in the domestic economy than an IDA company. However, one of the initiatives we are taking this year is to identify global supply chains as a source of opportunity for Irish business. We have targeted 500 million additional purchases for Irish companies from the supply chain of multinationals. From memory, I believe there is a multiplier of 0.78 for an IDA job and probably 1.5 or thereabouts for an Enterprise Ireland job, averaging approximately 1. That is the approximate figure. I am unsure of the figures specifically for county enterprise board jobs or whether such analysis is done, but I expect it would be closer to the Enterprise Ireland figure if the associated companies are exporting. If a company is in retailing it is a different matter because it could be buying only imported goods. Such companies would only be supported for mentoring by a county enterprise board and would not be supported for grant giving.

Comments

No comments

Log in or join to post a public comment.