Written answers

Thursday, 12 November 2009

Department of Enterprise, Trade and Employment

Job Creation

5:00 pm

Photo of Martin FerrisMartin Ferris (Kerry North, Sinn Fein)
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Question 67: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the number of company start ups there been since 1 January 2009; the way this compares to the figures from past years; her plans to encourage company start ups and thus job creation; and if she will make a statement on the matter. [40766/09]

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)
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My Department does not compile specific annual statistics on the number of new start-ups that have commenced trading in the State. As an assistance to the Deputy, the closest approximation to the information sought may be derived from the number of new companies registered each year and the yearly number of new VAT registrations. However, these figures in themselves must be seen as indicative only, bearing in mind that start-ups may involve unincorporated entities e.g. sole traders and /or may not require immediate VAT registration. Tables 1 and 2 below provide the relevant information.

I am very much aware that the key to creating employment is to provide the necessary support to the enterprise sector. My Department's continuous support for enterprises arises through maintaining a positive business environment and through particular interventions from the State development agencies such as Enterprise Ireland, FÁS and the County and City Enterprise Boards. The significant allocations in my Department's Estimates for 2009 for the development agencies ensures that we can continue to build on this strategy for the future. This year in excess of €500 million was provided for capital investment in enterprises.

Table 1: Company Registrations
YearNo. of New Companies Incorporated
199918,761
200018,232
200114,345
200213,845
200314,388
200415,690
200517,302
200619,297
200718,797
200814,784
2009 Jan to 31 Oct10, 965
Source: Companies Registration Office.
Table 2: New VAT Registrations
YearNew VAT Registrations
200019,061
200125,472
200225,014
200328,501
200431,937
200535,842
200639,827
200733,757
200825,727
2009 Jan to 9 Nov14,408
Source: Revenue Commissioners.

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