Oireachtas Joint and Select Committees

Wednesday, 8 March 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

White Paper on Enterprise Policy: Department of Enterprise, Trade and Employment

Ms Karen Hynes:

Absolutely and it is about the implementation. We take the point on mentoring. This is where the teams in the LEOs really try to work with the clients to guide them towards the most suitable support and the best support. The LEOs have a national employment target every year, as do the other agencies. They work towards this. The financial grant aid for growth is for companies that can grow overseas and grow in market. Grants for employment for locally trading firms could lead to a lot of displacement of other economic activity locally. There is a concern that by giving grants to firms just to grow employment, we could reduce economic activity in another company or elsewhere.

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