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Seanad: Companies (Miscellaneous Provisions) Bill 2013: Report and Final Stages (27 Nov 2013)

Seán Sherlock: Amendment No. 1 is a drafting amendment made by the Parliamentary Counsel to the Long Title of the Bill so as to properly reflect the amendments to be made subsequently to the Personal Insolvency Act 2012. Amendment No. 6 inserts new section 9. The Bill amends a number of sections to the Personal Insolvency Act 2012 in regard to the determination of applications for a debt relief notice,...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Report and Final Stages (27 Nov 2013)

Seán Sherlock: Amendment No. 2 is a drafting amendment made by the Parliamentary Counsel to the Long Title of the Bill so as to properly reflect the amendments to be made subsequently to the Bankruptcy Act 1988. Amendment No. 7 which inserts a new section 10 in the Bill provides for amendments to a number of sections to the Bankruptcy Act 1988. The amendments to sections 17, 105, 130, 140B and 141 of the...

Other Questions: Enterprise Support Schemes (27 Nov 2013)

Seán Sherlock: Crowdfunding, in respect of enterprise and other activities, is becoming an ever more popular alternative mechanism for businesses and promoters across the globe to access finance in a difficult financial market. In its various forms, crowdfunding allows individuals, businesses and promoters to solicit capital from funders, using social networks and crowdfunding platforms to finance...

Other Questions: Enterprise Support Schemes (27 Nov 2013)

Seán Sherlock: I take the Deputy’s point. Linked Finance has made presentations to the State bodies group. We are aware of the possibilities of this potential source of funding. We are also aware of the UK initiative through Funding Circle and its £20 million pot. As it is a lending and investment model, we need to examine the tax implications, returns on investment and regulation. We have...

Other Questions: Enterprise Support Schemes (27 Nov 2013)

Seán Sherlock: I note the Deputy’s point. Linked Finance has made a presentation to the State bodies group. It is a live issue as a way of providing new forms of financing for enterprises and start-up companies. It is necessary to examine the regulatory and taxation regime as well as the permutations for the people taking the punt, as Deputy Calleary said, to ensure it is robust and they will not...

Ceisteanna - Questions - Priority Questions: Action Plan for Jobs (27 Nov 2013)

Seán Sherlock: I am informed by IDA Ireland that the agency does not have any units or warehouses, which are vacant in County Kerry. Enterprise Ireland does not have a property portfolio as IDA Ireland provides property solutions to Enterprise Ireland clients when required. The responsibility for local authority properties lies with my colleague, the Minister for the Environment, Community and Local...

Ceisteanna - Questions - Priority Questions: Action Plan for Jobs (27 Nov 2013)

Seán Sherlock: The Deputy mentioned County Cork. From the intercounty perspective, there are strong pharmaceutical and ICT sectors in Cork. The Deputy said the IDA had created 163 jobs in 2011 in Kerry. However, it is not the IDA but the companies who come in and conduct site visits who make the final decision as to where they will locate their business. Perhaps we could explore further the dynamic that...

Ceisteanna - Questions - Priority Questions: Action Plan for Jobs (27 Nov 2013)

Seán Sherlock: The Deputy mentioned the tourism sector and there has been significant investment by State agencies, such as Fáilte Ireland, to ensure the tourism package in County Kerry is maintained. This supports and creates jobs. The recent decision by the Government to retain the VAT rate for the sector has had a significant impact in terms of job creation and the maintenance of the sector in the...

Ceisteanna - Questions - Priority Questions: Job Creation Funding (27 Nov 2013)

Seán Sherlock: Deputy Ross is revising it.

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: The youth guarantee was negotiated under the Irish Presidency. A sum of €3 billion will be provided by the European Social Fund and a new budget line of €3 billion will also be provided. We will submit our plan to the EU by the end of 2013. An interdepartmental group has been set up in this regard comprising the Departments of Social Protection, Education and Skills, Public...

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: A total of 19,500 young people have left the live register to take up work in the past 12 months. We have had four consecutive quarters of job creation.

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: JobBridge is not the panacea for the teaching profession, but the evidence is that we are creating more teaching jobs through the Department of Education and Skills by virtue of demographic changes with an increase in the birth rate, and the Deputy will acknowledge that many projects are under way to reflect that in our own county of Cork. JobBridge is a labour activation measure, which is...

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: Young people have been the group most seriously affected by the collapse of employment following Ireland’s economic crash. However, youth employment has stabilised in the past year and appears set to start growing as the economic recovery continues. Recent labour market figures published by the CSO indicate that the number of young people under 25 years of age in employment increased...

Written Answers — Department of Jobs, Enterprise and Innovation: Copyright Legislation Review (27 Nov 2013)

Seán Sherlock: I propose to take Questions Nos. 11 and 13 together. A Report entitled “Modernising Copyright” compiled by the independent Copyright Review Committee comprising Dr Eoin O’Dell of Trinity College, Professor Steve Hedley of University College Cork and Ms Patricia McGovern of DFMG Solicitors was published on 29 October 2013 last. The Report followed from the establishment...

Written Answers — Department of Jobs, Enterprise and Innovation: Intellectual Property Management (27 Nov 2013)

Seán Sherlock: My Department is currently engaged with the Office of the Parliamentary Counsel on the drafting of an Intellectual Property (Miscellaneous Provisions) Bill 2013 which propose amendments to both the Patents Act 1992 and to the Trade Marks Act 1996. It is intended to expand the current research exemption under the Patents Act 1992 to include a wider range of activities in the nature of...

Written Answers — Department of Jobs, Enterprise and Innovation: EU Funding (27 Nov 2013)

Seán Sherlock: I propose to take Questions Nos. 96 and 97 together. The primary EU supports for research and innovation are delivered under the EU Seventh Framework Programme (2007-2013), which has a budget of €55 billion over its 7 year timeframe. This programme offers valuable opportunities to researchers and companies based in Ireland to participate in high-quality research collaborations with...

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: Milk, chocolate, wine and roses, Pink Lady chocolates - where do I start?

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: I have to declare an interest. I have tasted Senator White's chocolates and recently took receipt of two wonderful boxes of Senator Mary Ann O'Brien's chocolates-----

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: -----and they were fantastic. I will go through the issues very quickly. Regulations will be based on the draft code published by the Minster in 2011. The main issue for competition in the grocery goods sector is entry into the market. In this context, the retail planning guidelines were one of the main issues identified. That is from an earlier contribution. There is a commitment in...

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: Do not forget the cocoa market.

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