Results 781-800 of 7,983 for speaker:Peter Burke

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I thank all the Deputies for their contributions. I agree with Deputy O'Connor. Cork County Council is the largest local authority in the country and it has the money. We do need to see action now and I will be demanding it over the next few days. As I said, I spoke with the head of the CCMA finance committee. I have written to all chief executives this morning on foot of the change last...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I thank Deputy O'Connor for his very important question. On 15 May, I and my Government colleagues announced a substantial range of measures to reduce costs for small and medium-sized businesses. Included in these measures was the reopening of the ICOB portal from 15 May to 29 May to allow rate-paying business owners who have not registered to do so. We have received feedback that the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I thank the Deputy again for his question. Unfortunately, we are a price taker in the energy market and we have so much to do in that regard. It is good to note the reduction of about 40% in the wholesale cost of energy but that needs to be passed on to businesses and indeed on to the consumer to make us more competitive. On the Deputy's question in respect of Cork County Council, as I...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: Deputy Smith is right to point out the pressure that small manufacturing and engineering businesses, particularly start-ups, are under with regard to access to finance. It is very important that they get finance at competitive rates. With regard to helping existing SMEs with their working capital, the new Microfinance Ireland thresholds are increasing from €25,000 to...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Peter Burke: I thank Deputy Durkan for his very important question. Ireland is recognised as one of the most competitive economies in the world and performs well in international rankings of competitiveness. In June 2023, Ireland was ranked as the second most competitive country in the world in the IMD world competitiveness rankings. The 2024 iteration of these rankings is due to be published in the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Peter Burke: I concur with the Deputy that we can never take our eye off the ball when we have an open and strong economy like Ireland's. We have to continue to work. It is very important that we have a pipeline of €165 billion for the next decade for capital infrastructure because infrastructure improvements will attract new businesses and keep our economy competitive. We have seen in the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Peter Burke: They are valid points. The Deputy raised the issue of climate. It is critical that we remain competitive. When we see a company like Diageo, the home of the black stuff, spending €100 million to decarbonise its processes over the next five or six years, when we have world leaders like that based here in Ireland and leading by example, it shows the change that is under way. We have...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I again thank the Deputy for outlining his concerns on the sectors. As it happens, the Minister of State, Deputy Calleary, the Minister of State, Deputy Higgins, and I were discussing the issue of manufacturing yesterday at one of our meetings. The Deputy is quite right. There is a varied number of issues that we are trying to respond to in that area. I have travelled around the country a...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I would robustly point out that the Government is listening to the SME sector. That is demonstrated by our warehousing of debt at 0% for those who experienced difficulties over the Covid period. Some €20 billion has been put in towards Covid and Brexit, with €12 billion put in through the past two budgets. We have halved inflation, which is a key metric of business. Energy...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: I thank Deputy Smith for his kind wishes. I propose to take questions Nos 54, 58 and 63 together. The Government is very aware that SMEs have faced a number of economic shocks in recent years which have resulted in cost increases. On 15 May, I, along with my Government colleagues, announced a substantial range of measures to reduce costs for small and medium sized businesses. Included in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: As the Deputy will be aware, I announced the reopening of the ICOB grant scheme from 15 May to 29 May. This is to ensure those business owners who missed the deadline can now register. They should do so without delay, and the sooner they register, the sooner the local authority can verify the information and make a payment to the businesses. I have also made a change to the scheme that...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Business Supports (23 May 2024)

Peter Burke: We all know commercial arrangements in how businesses operate with their landlords are different from business to business. It is difficult to put conditions in place to assess every single one. The best metric I have at the moment to get money out to vulnerable businesses as quickly as possible is linked directly to their rates. If I put more conditions in place right now or try to pave...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Small and Medium Enterprises (23 May 2024)

Peter Burke: When the scheme closed a week ago, we had about 76,000 registrations. That was roughly 60% of all businesses that qualified for the increased cost of business grant. A decision was then taken to open the scheme for a further two weeks and to run a very strong and robust advertising campaign, which we hope will encourage additional uptake in the run down to next Wednesday. I appeal to...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Small and Medium Enterprises (23 May 2024)

Peter Burke: Again, I thank the Deputy for his question. We have worked with all sectors. I met ISME yesterday, along with another number of business sectoral groups. We are working with them to progressively keep improving the business environment in which they operate. I point out that inflation has halved since November 2022. That demonstrates that Government policies are working. We really did...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Small and Medium Enterprises (23 May 2024)

Peter Burke: I thank Deputy Shanahan for posing this important question. The Government has adopted a proactive approach in supporting the Irish SME sector across multiple crises over recent years. Over the two-year period to budget 2024, a total of €12 billion was provided in cost-of-living and doing business supports, comprising a mix of permanent and one-off measures, most significantly the...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 May 2024)

Peter Burke: The last number of years has seen a significant increase in inflationary pressures, most pointedly in the form of energy price inflation – which is a significant input cost for firms across a range of sectors, including hospitality. This Government has adopted an active approach in supporting Irish businesses throughout the period of increased costs. Before Budget 2024, a total of...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 May 2024)

Peter Burke: Regional development is a key element of the Government's enterprise policy and is fully reflected in the Strategies of our Enterprise Development Agencies. For the IDA, it is targeting at least half of all investments - that is 400 of 800 - from 2021 to 2024 to regional locations. The Mid-West Region, including Ennis, County Clare, has 159 IDA client companies, employing over 27,000...

Written Answers — Department of Enterprise, Trade and Employment: Living Wage (23 May 2024)

Peter Burke: The Government remains committed to the introduction of a living wage. As the Deputy will be aware, in November 2022, Government announced that a national living wage would be introduced and set at 60% of hourly median wages, in line with the recommendations of the Low Pay Commission. It was also agreed that the Low Pay Commission would continue to make annual recommendations on the...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Strategies (23 May 2024)

Peter Burke: The life sciences industry is an important sector of Ireland’s economy, accounting for almost 100,000 jobs and almost 60% of Ireland’s exports. Most of the world’s leading life sciences corporations have operations in Ireland and strong partnerships and dependencies are increasingly evident across all aspects of this cluster. We have a rich and convergent landscape with...

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 May 2024)

Peter Burke: This Government has adopted an active approach in supporting the Irish SME sector across multiple crises over the last number of years. Over the two-year period prior to Budget 2024 a total of €12 billion was provided in cost of living and doing business supports, comprising a mix of permanent and one-off measures (most significantly the Temporary Business Energy Support Scheme)....