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Written Answers — Department of Jobs, Enterprise and Innovation: Companies Statistics (8 Oct 2013)

Richard Bruton: I propose to take Questions Nos. 289 and 291 together. Table 1 outlines the number of high potential start ups supported by EI between 2008 and 2012 along with the total and average HPSU funding paid and the number that having ceased trading. Table 2 breaks down the number of high potential start-ups supported by EI between 2008 and 2012 by county. Data relating to annual HPSU investment...

Written Answers — Department of Jobs, Enterprise and Innovation: Companies Statistics (8 Oct 2013)

Richard Bruton: Enterprise Ireland’s mission is to partner with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s international trade, innovation, leadership, and competitiveness with the ultimate objective of job creation. In 2012, total employment in Enterprise Ireland’s client companies increased to 169,451, made up of 145,460 in full...

Written Answers — Department of Jobs, Enterprise and Innovation: County and City Enterprise Boards Issues (8 Oct 2013)

Richard Bruton: The pay of the Chief Executive Officers (CEOs) of the County Enterprise Boards (CEBs) is subject to normal Public Service pay guidelines. At present, the abated salary range, which applies to CEOs who did not join the CEB Pension Scheme, ranges from €63,423.30 up to €82,156.01 while the non-abated salary ranges from €66,637.34 up to €86,253.78. The CEOs would...

Topical Issue Debate: Industrial Disputes (9 Oct 2013)

Richard Bruton: I thank Deputy O'Dea for raising this issue and I can certainly understand his concern. The matter involves a dispute over redundancy terms offered to ten staff who are based in the Cruises Street branch, which closed recently. Similar terms are being offered to staff based in the Childers Road branch, which is to undergo restructuring as part of a nationwide Wallis restructuring plan. ...

Topical Issue Debate: Industrial Disputes (9 Oct 2013)

Richard Bruton: The Deputy is a seasoned Member of the House and will be aware that its voluntary nature has been a strong feature of the industrial relations scene in Ireland for many years. It is not open to Ministers to compel sides in respect of their position in any dispute of this nature. The Deputy will be well aware of people who are experienced in seeking to support the resolution of disputes....

Written Answers — Department of Jobs, Enterprise and Innovation: Job Creation Numbers (9 Oct 2013)

Richard Bruton: I propose to take Questions Nos. 107 and 108 together. The Forfás Annual Employment Survey reports on job gains and losses in companies that are supported by the enterprise development agencies. Details of the number of full time jobs created in each year from 2008 to 2012 in IDA and Enterprise Ireland client companies is set out on a county by county basis in the following tabular...

Written Answers — Department of Jobs, Enterprise and Innovation: Small and Medium Enterprises Supports (9 Oct 2013)

Richard Bruton: I propose to take Questions Nos. 109 to 111, inclusive, together. Quarterly progress reports on the Microenterprise Loan Fund and the SME Credit Guarantee Scheme are published on my Department's website www.enterprise.gov.ie. The progress report detailing the analysis and performance of both Schemes for the quarterly period ending 30th June 2013 is available on my Department's website. I...

Written Answers — Department of Jobs, Enterprise and Innovation: Credit Guarantee Scheme Review (9 Oct 2013)

Richard Bruton: I gave a commitment to review the Credit Guarantee Scheme (CGS) after 12 months of operation. The Scheme has been operational since 24 October 2012. As at 4th October there were 69 live CGS facilities resulting in €9.7m being sanctioned through the Scheme by the participating lenders resulting in 433 new jobs being created and 139 jobs maintained. As take-up continued to be...

Written Answers — Department of Jobs, Enterprise and Innovation: Microenterprise Loan Fund Applications (9 Oct 2013)

Richard Bruton: The Deputy will be aware that Microfinance Ireland (MFI) began operations in October 2012 and from the outset, I have emphasised that the potential utilisation figures used were estimated and that the exact requirements of the Scheme are demand led. My Department and the Microenterprise Loan Fund operator, MFI have committed significant time and resources to the establishment and...

Written Answers — Department of Jobs, Enterprise and Innovation: Microenterprise Loan Fund Expenditure (9 Oct 2013)

Richard Bruton: Details of the set-up costs of Microfinance Ireland (MFI) were set out in MFI's accounts for the period ended 31 December 2012. The annual report and accounts for 2012 were laid before the Houses of the Oireachtas in July 2013. The accounts reported that during the period to 31 December 2012, the company incurred costs of €278,000, which were of an exceptional nature, but which were...

Written Answers — Department of Jobs, Enterprise and Innovation: Microenterprise Loan Fund Expenditure (9 Oct 2013)

Richard Bruton: Venture capital provides investment capital, as opposed to credit, to start-up firms and small businesses with perceived long-term growth potential. It is a very important source of funding for start-ups that do not have access to capital markets. It typically entails high risk for the investor, but it has the potential for above-average returns. Venture capital can also include managerial...

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Agreements (9 Oct 2013)

Richard Bruton: Negotiations between the EU and the US on a Transatlantic Trade and Investment Partnership began formally in July, with the first round of negotiations held in Washington. The negotiations are at a very early stage, with the second round of talks, which were due to be held in Brussels this week, from 7 – 11 October, having been deferred at the request of the U.S. This is due to...

Written Answers — Department of Jobs, Enterprise and Innovation: Science Foundation Ireland Staff (9 Oct 2013)

Richard Bruton: Both I and the Minister for Research and Innovation have regular meetings with the Director General of Science Foundation Ireland (SFI) and with other SFI staff members. In addition, a Departmental official is a SFI Board Member and attends regular Board meetings. My officials are also in daily contact with SFI staff members, and participate in regular liaison meetings with SFI management....

Written Answers — Department of Jobs, Enterprise and Innovation: IDA Staff (9 Oct 2013)

Richard Bruton: Since my appointment as Minister for Jobs, Enterprise and Innovation, officials from my Department have had on-going regular contact with IDA Ireland, both at Board and Executive level. In addition, I have regular informal discussions with IDA Ireland officials at various events including the media events surrounding some investment announcements These regular meetings reinforce the...

Topical Issue Debate: Job Losses (10 Oct 2013)

Richard Bruton: I thank Deputy Coffey for raising this important issue. I would like to express my sympathy to those workers who are affected by Honeywell's decision. Obviously, I share the Deputy's concern about the loss of jobs at Honeywell. As the Deputy knows, this turbo-technology company notified IDA Ireland on 8 October that due to forecasted reductions in demand for its products, it intends to...

Topical Issue Debate: Job Losses (10 Oct 2013)

Richard Bruton: I fully recognise, and this came out in the south-east action forum we established, that there are serious structural problems in Waterford and the south east that go beyond, if one likes, enterprise agency activity. Continuous investment is needed in those areas. There also needs to be collaboration across many interests, which is a positive feature arising from the forum's work. In...

Ceisteanna - Questions - Priority Questions: Employment Support Services (10 Oct 2013)

Richard Bruton: The number of Irish emigrants who have returned to Ireland in the past two years is estimated at 36,000. The CSO does not track their subsequent entry to employment. At a macro level, the Government's strategy is to rebuild the economy and accelerate the transition to a sustainable, jobs-rich economy based on enterprise, innovation and exports. It is in this way that we will create the...

Ceisteanna - Questions - Priority Questions: Employment Support Services (10 Oct 2013)

Richard Bruton: I did not in any way indicate that the level of emigration was satisfactory. Virtually all of the 39,000 jobs created in the past 12 months are full-time. The figures quoted by the Deputy were earlier in the recovery period. What we are seeing is that, initially, there was a concentration on part-time work but as job expansion has gained a foothold, we are seeing a predominance of...

Ceisteanna - Questions - Priority Questions: Employment Support Services (10 Oct 2013)

Richard Bruton: Setting targets for return is tricky. Undoubtedly, we will see a return when we have a strong economy. The Deputy indicated that there is an ebb and flow every year of people who leave Ireland and come back. Even during the boom, 13,000 people were leaving Ireland. Even now a significant number of Irish people are coming back. The tide ebbs and flows. I acknowledge that an issue arises...

Ceisteanna - Questions - Priority Questions: Employment Data (10 Oct 2013)

Richard Bruton: Both the Department of Finance and the ESRI have this week produced improved employment forecasts for 2013 and 2014. These improved forecasts are supported by the latest employment statistics published by the Central Statistics Office, which show that employment increased by 33,800 in the year to quarter two of 2013 net of a reduction of 5,400 in public sector numbers. This was the third...

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