Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Annual Report 2013 and Microenterprise Policy: Enterprise Ireland

2:15 pm

Mr. Niall O'Donnellan:

It is a net figure. It is the total amount of money we spend on the new jobs created and that are sustained at the end of a seven year period. It is a rolling figure that we calculate every year. For the past four or five years it has held at €12,5000 or just under €13,000. That figure is probably under pressure. We will probably see some increase in that as the cost of the recession and the increased funds we put into companies during the past two or three years start to impact, but the figure is still holding at roughly the IDA's cost per job figure.

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