Oireachtas Joint and Select Committees
Tuesday, 16 September 2014
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Review of Vote 32: Minister for Jobs, Enterprise and Innovation
3:05 pm
Damien English (Meath West, Fine Gael) | Oireachtas source
That is a good question and one which I would have asked myself. We do not have a figure for number of jobs created but if one looks at the companies who are availing of the tax credits one sees that they have been very successful in winning export markets and creating employment. Basically, the companies who are availing of the credits are performing better. That, for me, is a fairly good indication that the tax credit is working well. The cost to the taxpayer is about €250 million and the demand in this area is increasing all of the time. It is not possible to say that 20 jobs or 2,000 jobs have been created but the activities of the companies involved indicates that it is paying off. I know the Deputy is seeking detailed figures but we do not have such. That is something we might try to obtain.
No comments