Written answers

Thursday, 9 April 2009

Department of Enterprise, Trade and Employment

Job Creation

5:00 pm

Photo of Seán SherlockSeán Sherlock (Cork East, Labour)
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Question 6: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the subsidy or allowance paid to foreign direct investment companies in respect of each new job created; and if she will make a statement on the matter. [14909/09]

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)
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IDA provides financial assistance to companies wishing to locate in Ireland or expand their existing operations here. This assistance is broken down into the following grant types - Employment Grants or Capital Grants, Research and Development (R&D) Grants and Training Grants.

The level of investment offered to individual companies varies from company to company depending on a number of factors for example - cost of project; competition; regional impact; statement on wage benchmark; the benefit to cost ratio; indirect job impact, and Exchequer payback.

The Forfás annual employment survey calculates the cost per job sustained in IDA Ireland supported companies by taking into account all IDA Ireland expenditure to all firms, in the period of calculation. Only jobs created during and sustained to the end of each seven-year period are credited in the calculations. The latest figure available is for the period 2001 to 2007 and is €12,577.

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