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Written Answers — Department of Jobs, Enterprise and Innovation: Office of the Director of Corporate Enforcement (27 Jun 2019)

Heather Humphreys: While it is crucial to identify and learn from any shortcomings in this particular investigation into the affairs of Anglo Irish Bank, it is important to note that this investigation took place in the period 2008 to 2012. Organisational reforms in the ODCE were commenced in 2012 to enhance the capability of the Office to investigate complex breaches of company law and to ensure a more...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Preparations (27 Jun 2019)

Heather Humphreys: My Department and its agencies have put in place extensive supports, schemes and advisory resources to ensure that businesses are prepared for Brexit. While we cannot yet know the form that Brexit will take, these measures aim to assist businesses in identifying key risk areas and practical preparatory actions regardless of the circumstances of the UK’s withdrawal from the EU. ...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Data (27 Jun 2019)

Heather Humphreys: While the nature of the UK's departure from the EU still remains to be determined, Brexit continues to represent a significant challenge for businesses in Ireland. That is why my Department and its agencies have put in place extensive supports, schemes and advisory resources to ensure that businesses are prepared for Brexit. While we cannot yet know the form that Brexit will take, these...

Written Answers — Department of Jobs, Enterprise and Innovation: Industrial Development (27 Jun 2019)

Heather Humphreys: On 10 March 2019, I, along with the Taoiseach and the Minister for Finance and Public Expenditure and Reform, launchedFuture Jobs Ireland 2019: Preparing Now for Tomorrow's Economy. Future Jobs Ireland 2019 is the first in a series of annual reports as part of a new multi-annual framework to ensure our enterprises and workers are resilient and prepared for future challenges and opportunities....

Written Answers — Department of Jobs, Enterprise and Innovation: Regional Development Initiatives (27 Jun 2019)

Heather Humphreys: Since becoming Minister for Business, Enterprise and Innovation, I have made regional development my top priority. Indeed, enterprise development and job creation in the regions is a key policy priority of this Government. We want to create a situation where all regions are enabled to realise their potential as contributors to economic recovery and growth, and thereby reduce regional...

Written Answers — Department of Jobs, Enterprise and Innovation: Work Permits Applications Data (27 Jun 2019)

Heather Humphreys: I propose to take Questions Nos. 29, 31 and 35 together. As the economy improves and we approach full employment my Department has experienced a high volume of employment permit applications which has led to delays in processing applications. At the end of May 2019 there was a 16% increase in the amount of applications received (7,407 applications received) over the same period in 2018. At...

Written Answers — Department of Jobs, Enterprise and Innovation: National Broadband Plan (27 Jun 2019)

Heather Humphreys: It is projected that the National Broadband Plan (NBP) will connect 44,000 small and micro businesses in rural areas where high speed broadband will operate. This will lead to significant productivity gains for these businesses as it will allow them to connect to new markets, engage in eCommerce and develop a wider national and global footprint. High-quality broadband is essential to...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Preparations (27 Jun 2019)

Heather Humphreys: While the nature of the UK's departure from the EU still remains to be determined, Brexit continues to represent a significant challenge for businesses in Ireland. That is why my Department and its agencies have put in place extensive supports, schemes and advisory resources to ensure that businesses are prepared for Brexit. While we cannot yet know the form that Brexit will take, these...

Written Answers — Department of Jobs, Enterprise and Innovation: IDA Ireland Data (27 Jun 2019)

Heather Humphreys: The IDA’s mid-year results for 2019 demonstrate the strength of foreign direct investment (FDI) in Ireland. With 13,500 job approvals and 140 investments secured so far this year, these results indicate that Ireland remains highly attractive to overseas firms. The technology, financial services and pharmaceutical sectors have all performed particularly well. The provisional results...

Written Answers — Department of Jobs, Enterprise and Innovation: Enterprise Support Schemes (27 Jun 2019)

Heather Humphreys: Female founders have traditionally been under-represented in the start-up arena, something that Enterprise Ireland (EI) is committed to change. A key part of this commitment is the Competitive Start Fund for Female Entrepreneurs, which was first launched in 2012. Since then EI has launched 9 dedicated female Competitive Start Funds. The purpose of the Competitive Start Fund for Female...

Written Answers — Department of Jobs, Enterprise and Innovation: Enterprise Support Schemes (27 Jun 2019)

Heather Humphreys: As set out in Future Jobs Ireland 2019, all businesses, regardless of size or sector, in today’s digital environment need to focus on building competitive online capability. The agencies of my Department offer a range of supports to assist businesses to trade online. The Local Enterprise Offices (LEOs) are the first-stop-shop service assisting in delivering business growth and...

Written Answers — Department of Jobs, Enterprise and Innovation: Corporate Governance (27 Jun 2019)

Heather Humphreys: The European Commission defines Corporate Social Responsibility (CSR) as ‘the responsibility of enterprises for their impacts on society’. CSR includes voluntary initiatives or practices that businesses or organisations engage in which go “beyond compliance”. Following a call to action on CSR by the European Commission, as part of the Action Plan for Jobs...

Written Answers — Department of Jobs, Enterprise and Innovation: Business Regulation (27 Jun 2019)

Heather Humphreys: The Companies Act 2014 sets out the framework for the oversight of the accountancy and auditing profession in Ireland. The Irish Auditing and Accounting Supervisory Authority (IAASA) is an independent body responsible for the supervision of the auditing and accounting profession and its objects, functions and powers are set out in the 2014 Act. IAASA’s mission is to contribute to...

Written Answers — Department of Jobs, Enterprise and Innovation: Small and Medium Enterprises Supports (27 Jun 2019)

Heather Humphreys: The Local Enterprise Offices (LEOs) network and Enterprise Ireland have played a significant role in our economic success and in driving competitiveness and productivity. Enterprise supports are central to our entrepreneurial ecosystem and the continued growth of small business and the success of the cohesiveness of future SMEs and entrepreneurs. Under the Local Enterprise Offices...

Written Answers — Department of Jobs, Enterprise and Innovation: Economic Data (27 Jun 2019)

Heather Humphreys: My Department and its agencies consistently engage with businesses throughout the country and across a variety of sectors to ensure an understanding of the existing and potential challenges faced by our businesses. This information is then used to develop Departmental policies and whole-of-government strategies that will help Irish companies to overcome obstacles and avail of opportunities in...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Issues (27 Jun 2019)

Heather Humphreys: I can assure the Deputy that in so far as possible, my Department is seeking to maximise opportunities and minimise risks by ensuring the growth and resilience of Irish enterprise post Brexit. I have said in the past that Brexit does not present many business opportunities but is rather an exercise in damage limitation for businesses. Nonetheless. we are working across Government to create...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Issues (27 Jun 2019)

Heather Humphreys: The Government has a new plan - Future Jobs Ireland - to ensure we are preparing now for the jobs of the future. While the economy is performing well with strong employment and unemployment down to 4.4%, we cannot be complacent. In the past we took success for granted and failed to prepare for emerging challenges, trends and opportunities. Future Jobs Ireland includes ambitious targets...

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Promotion (27 Jun 2019)

Heather Humphreys: While the UK is and will remain a major market for Irish companies, expanding the Irish export footprint in markets beyond the UK is a key priority. In that context, Enterprise Ireland’s strategy is to support Irish exporters to be more innovative, competitive and market diversified. Enterprise Ireland client companies achieved record levels of exports in 2018 of €23.8bn,...

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Supports (27 Jun 2019)

Heather Humphreys: My Department and its agencies have put in place extensive supports, schemes and advisory resources to ensure that businesses are prepared for Brexit. While we cannot yet know the form that Brexit will take, these measures aim to assist businesses in identifying key risk areas and practical preparatory actions regardless of the circumstances of the UK’s withdrawal from the EU. The...

Written Answers — Department of Jobs, Enterprise and Innovation: Economic Competitiveness (27 Jun 2019)

Heather Humphreys: The economy is in a strong position having recovered from the financial crisis and the subsequent recession. The unemployment rate is down to 4.4% and there are 2.3 million people employed in Ireland, more than ever before. However, there are several risks facing the Irish economy which may constrain economic performance including infrastructural constraints. We also face risks on the...

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