Results 40,601-40,620 of 40,897 for speaker:Simon Coveney
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: There is recognition that we need to do more to support SMEs to expand and grow and become international. Enterprise Ireland is focused on that in terms of scaling up an internationalisation of companies and has a series of programmes on mentoring, training and financing companies to do that. The White Paper on enterprise, as the Deputy says, sets out the ambition for 2,000 additional...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: For this year?
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: The target we have set for ourselves is an extra 2,000 rather than making it a percentage of overall numbers. EI is setting about putting programmes and funding models in place that can get a net increase of 2,000 over the next six years in the number of businesses that are trading internationally. That is, effectively, what the target is. What I do not have is a breakdown for how we...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: The pipeline, by the way, is already developing. Looking at the pipeline of companies that are being supported by LEOs and by Enterprise Ireland, the number of high-potential start-ups and spin-outs from the universities that all have international ambition is quite significant. I am sure the Deputy would have met some of those companies as well when she visited universities, innovation...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: There will be a corresponding increase in the percentage with that but I do not have that number. The 2,000 is a more exact target.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: That is true.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Yes.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Lots are.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Let me explain that. There is absolute certainty about what businesses are getting. Any business that paid, last year, between €10,000 and €30,000 in rates is getting the €5,000 flat rate.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Any business that paid less than €10,000 in rates, which is a very large number of businesses, will get 50% of what it paid in rates last year as a grant in recognition for the cost of doing business. On the split of those 140,000 businesses or so that are paying less than €10,000 versus the others that are paying between €10,000 and €30,000, every business itself...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: They have a whole lot of other stuff on, including a round of rates collection. They have agreed to work with us on this to get the letters out by the middle of next month with a view to making payments before the end of the first quarter. We will work with them. If it goes slightly beyond that, we will try to make sure the timelines are as tight as possible but the intention at present is...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Which full amount?
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: Fifteen thousand businesses are getting the €5,000. The others, which is the largest cohort of SMEs paying less than €10,000 in rates, will get half of what they paid last year back in a grant this year. We had to try to put a mechanism in place that made a reasonable link between the size and scale of the business and how much we should be paying it in a grant towards the...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: It is not just TBESS-----
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: There were more than 50,000 applications to TBESS. It was not a small number. Of the businesses that registered for the scheme, nearly 8,500 were in the wholesale and retail trade; just over 8,000 were in accommodation and food; just under 3,000 were in agriculture, forestry and fishing; just under 2,500 were in manufacturing; and just under 2,000 were professional, scientific and...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: I agree with the Deputy.
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: It was a combination. A lot of money was put aside. It was an overshoot in many ways in the context of the demand. In addition, many businesses had hedged, purchased ahead and, therefore, did not qualify for TBESS. Some very small businesses in particular felt there was probably too much form-filling around it and they would have to take on an accountant to do it. Many of them did not...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: The business sector has mixed views on this. Clearly, the hospitality sector wanted to keep the lower VAT rate. A number of us made the case for retaining the lower VAT rate for a longer period. A decision was taken to extend the lower VAT rate for an extra six months, which brought the tourist season last year into play. That was very welcome from the hospitality sector's perspective. I...
- Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2024
Vote 32 - Enterprise, Trade and Employment (Revised) (31 Jan 2024) Simon Coveney: -----there is a lot of very interesting stuff in it.