Phil Hogan (Carlow-Kilkenny, Fine Gael)

It is a worrying development that Irish-owned indigenous businesses are coming under pressure. We saw the decline in manufacturing in 2005. The enterprise strategy report, Ahead of the Curve, was excellent, and the Minister has said that some aspects are being implemented. What action does he intend to take — I see none in the Finance Bill — to improve the take-up of research and development? The Government seems to be making no effort to promote research and development through greater incentives. The 20% incentive that the former Minister for Finance, Mr. McCreevy, introduced some time ago apparently is not being taken up. Perhaps it is not attractive enough or offset against payroll costs. Does the Minister have any initiative to ensure greater involvement by Enterprise Ireland in assisting companies in research and development to create added value and additional employment in 2006?

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