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Written Answers — Department of Enterprise, Trade and Employment: Energy Prices (23 Feb 2023)

Simon Coveney: The Government is acutely aware of the ongoing cost of living crisis and continues to monitor all cost of living schemes currently available to businesses and families. The Government was not found wanting during the COVID-19 pandemic and it will continue to support businesses now. As you are aware the Government announced on Tuesday last a new round of cost of living supports. As part of...

Written Answers — Department of Enterprise, Trade and Employment: Energy Prices (23 Feb 2023)

Simon Coveney: As you know, the Temporary Business Energy Support Scheme (TBESS) is a government grant designed to help businesses with increasing energy costs. The Scheme has been designed by the Department of Finance and is being administered by the Revenue Commissioners. However, funding for the Scheme is allocated to the Vote of my Department and provides daily transfers at the request of the Revenue...

Written Answers — Department of Enterprise, Trade and Employment: Job Losses (23 Feb 2023)

Simon Coveney: Earlier this month I met with 14 of the leading technology companies with a presence in Ireland on the US West Coast. This provided a valuable opportunity for me to hear directly from enterprise leaders and to highlight Ireland’s strong Foreign Direct Investment (FDI) value proposition. I also met with a broad spectrum of over 60 business leaders on a wide range of topics, including...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Data (23 Feb 2023)

Simon Coveney: I propose to take Questions Nos. 88 and 117 together. IDA’s Regional Property Programme will provide property and strategic site solutions to address market failures in regional locations. The IDA will also continue to seek and develop partnerships with key regional stakeholders including Local Authorities to ensure land, infrastructure and building permits are available in all...

Written Answers — Department of Enterprise, Trade and Employment: Job Losses (23 Feb 2023)

Simon Coveney: The technology sector plays an important role in our economy and the sector has been building for over 40 years and will continue to strengthen its presence in Ireland despite present challenges. Growth of the tech sector in recent years has been driven by increased digitalisation due to the uptake of new technologies as well as companies rapidly digitalising to increase their online...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Feb 2023)

Simon Coveney: I propose to take Questions Nos. 94, 98, 111 and 136 together. Government and IDA Ireland are both committed to the pursuit of balanced regional development with the overall impact of helping to advance national economic development. In this regard, IDA Ireland is targeting half of all investments - that is 400 of 800 - from 2021-2024 to regional locations. At the mid-point in the...

Written Answers — Department of Enterprise, Trade and Employment: Trade Agreements (23 Feb 2023)

Simon Coveney: The Mercosur Agreement is designed to cement the close political and economic relations between the EU and Mercosur countries and represents a commitment to rules-based international trade. Since formal negotiations concluded, the global trade policy landscape has changed considerably. The rise in trade nationalism, the economic impacts of COVID-19, the war in Ukraine and the accompanying...

Written Answers — Department of Enterprise, Trade and Employment: White Papers (23 Feb 2023)

Simon Coveney: The White Paper sets out the Government’s enterprise priorities in the period to 2030. It also highlights the importance of a competitive economic environment for the success of enterprise. Areas which are cited as being important ‘framework conditions’ to establish a competitive economic environment include quality infrastructure; skills, talent and workforce...

Written Answers — Department of Enterprise, Trade and Employment: Flexible Work Practices (23 Feb 2023)

Simon Coveney: According to the Central Statistics Office, in the third quarter of 2022, just over 550,000 (around 23% of those in work) were ‘usually’ working from home, with over 250,000 (or just under 11% of those in work) ‘sometimes’ working from home. While this represents a decline in the total since the height of the pandemic, the numbers working from home remain...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Feb 2023)

Simon Coveney: IDA Ireland’s property investment programme is aimed at supporting economic development and job creation across IDA’s, Enterprise Ireland's and local LEO’s respective client base. IDA Ireland is committed to building a new (second) Advanced Technology Building in Tralee. In July 2022, IDA Ireland announced that it has signed "Heads of Terms" with Shannon Commercial...

Written Answers — Department of Enterprise, Trade and Employment: Cost of Living Issues (23 Feb 2023)

Simon Coveney: I propose to take Questions Nos. 112 and 137 together. Budget 2023 contained a number of measures aimed at assisting small businesses with rising costs. The main programme introduced by Government to alleviate cost pressures for small business was the €1.25 billion Temporary Business Energy Support Scheme (TBESS). As you are aware the Government announced on Tuesday last a new...

Written Answers — Department of Enterprise, Trade and Employment: Foreign Direct Investment (23 Feb 2023)

Simon Coveney: Ireland has been the fastest growing economy in Europe over the past decade and recent IDA results reflect this. Last year, Ireland continued to win significant international investment, and the short-term pipeline looks promising. IDA Ireland reported record annual results for 2022 in December last, with a substantial increase in growth in foreign direct investment (FDI)...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Feb 2023)

Simon Coveney: 2022 was a record-breaking year for Foreign Direct Investment (FDI) employment, with total employment in IDA client companies now standing at 301,475 up over 26,000 on 2021. Growth in the regions was particularly buoyant, with 52% - or 127 projects of the 242 investments won by the IDA - going to regional locations. Employment growth was also recorded in every region of the country. Monaghan...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Budgets (23 Feb 2023)

Simon Coveney: The Government’s focus in Budget 2023 is to assist citizens and businesses in dealing with the cost of living increases, particularly in relation to matters such as increased energy prices. The overall package of €11 billion being made available through the Budget, including once-off measures worth €4.1 billion, demonstrates the Government’s commitment in this...

Written Answers — Department of Enterprise, Trade and Employment: Foreign Direct Investment (23 Feb 2023)

Simon Coveney: Foreign Direct Investment (FDI) plays a significant role in Ireland’s economy and the flow of FDI into the country is strong. Numbers directly employed in the multinational sector in Ireland reached 301,475 at the end of 2022, the highest FDI employment level ever, and a 9% increase on 2021. A total of 32,426 gross new jobs were gained in 2022. 242 investments were won and 103 of these...

Written Answers — Department of Enterprise, Trade and Employment: White Papers (23 Feb 2023)

Simon Coveney: A central component of the White Paper on Enterprise is to support balanced regional economic and enterprise development. In implementing the White Paper, the enterprise development agencies and Local Enterprise Offices will continue to strengthen the enterprise ecosystem, providing opportunities for communities and businesses across Ireland. By way of example, through the roll out of a...

Written Answers — Department of Enterprise, Trade and Employment: White Papers (23 Feb 2023)

Simon Coveney: The White Paper sets out the Government’s enterprise priorities in the period to 2030. It seeks to ensure Ireland’s enterprise policy is orientated to protect Ireland’s strong economic position, and to respond to challenges and opportunities that have emerged as a result of the pandemic, wider economic and geopolitical developments, digitalisation and an increased urgency...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Feb 2023)

Simon Coveney: IDA Ireland received the final grant of planning permission from Westmeath County Council on the 29th December 2022 for the construction of a c.50,000sq.ft. Advanced Building Solution consisting of office and light industrial/production spaces. IDA Ireland has commenced the public procurement process for the selection of a suitably qualified contractor to complete the development. It is IDA...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (23 Feb 2023)

Simon Coveney: Regional development remains a top priority for my Department and IDA Ireland. Of the 242 investments won in 2022, more than half went to regional locations, and for 2021, of the 249 investments secured by the IDA, 133 - again more than 50% - went to locations outside Dublin. The IDA’s Regional Property Programme, supported by my Department, provides property and strategic site...

Written Answers — Department of Enterprise, Trade and Employment: Living Wage (23 Feb 2023)

Simon Coveney: The Programme for Government contains the commitment to “progress to a living wage over the lifetime of the Government”. In January 2021, the Low Pay Commission was requested to report on how best the Government could progress to a living wage. Following commissioned research from Maynooth University and engagement with unions and representative groups, the Commission...

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