Written answers

Tuesday, 4 October 2016

Department of Jobs, Enterprise and Innovation

IDA Supports

Photo of Bríd SmithBríd Smith (Dublin South Central, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

592. To ask the Minister for Jobs, Enterprise and Innovation the precise supports given by the IDA and any other State agency to a company (details supplied). [28046/16]

Photo of Bríd SmithBríd Smith (Dublin South Central, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

593. To ask the Minister for Jobs, Enterprise and Innovation the financial support, if any, offered by the State to a company (details supplied). [28047/16]

Photo of Bríd SmithBríd Smith (Dublin South Central, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

594. To ask the Minister for Jobs, Enterprise and Innovation the number of jobs her Department expects a company (details supplied) to provide here in 2017. [28048/16]

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 592 to 594, inclusive, together.

In July 2015 it was announced that the company in question had chosen to locate a Customer Support Centre of Excellence in Limerick, with the support of IDA Ireland. Recruitment and early operations in Limerick began the following month.

Job numbers now stand at approximately 100 and are growing incrementally. It is envisaged that the Centre will employ 300 people when fully operational. However, it is not possible at this stage to provide an accurate figure for the number of jobs to be added during 2017.

Information on grants approved is confidential as they contain commercially sensitive information between IDA and its client companies. However, details of grants actually paid are made available in due course. In this case, no grants have yet been paid to the company in question.

Photo of Bríd SmithBríd Smith (Dublin South Central, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

595. To ask the Minister for Jobs, Enterprise and Innovation the general supports client-supported companies can expect from the IDA and any other State agency that fall under her Department's remit. [28049/16]

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
Link to this: Individually | In context | Oireachtas source

IDA Ireland’s mission is to attract high-value foreign direct investment (FDI) requiring high skill levels and a sophisticated business environment. To achieve this, the Agency may provide financial assistance to companies wishing to locate or expand their existing operations in Ireland.

These incentives include:

- employment grants;

- capital grants;

- research & development grants; and

- feasibility study grants.

Grant awards are made on the basis of comprehensive business proposal from the company and only after due diligence has been undertaken by IDA Ireland. They are also subject to regional aid guidelines, which are set by the European Commission.

Enterprise Ireland (EI) works in partnership with Irish businesses to help them start, grow, and expand into global markets. It provides funding and supports for companies – from entrepreneurs with business propositions for a high potential start-up through to large companies expanding their activities, improving efficiency and growing international sales. The availability of all EI supports is communicated in a number of ways:

- The Agency’s website www.enterprise-ireland.com/en/;

- EI’s Development Advisors;

- EI’s regional offices;

- Public calls for applications.

Finally, the Local Enterprise Offices (LEOs) are the first-stop-shop for providing advice and guidance, financial assistance and other supports to those wishing to start or grow their own business. Subject to certain eligibility, the LEOs can offer direct grant aid to microenterprises (10 employees or fewer) in the manufacturing and internationally-traded services sector which, over time, have the potential to develop into strong export entities.

In addition, the LEOs provide a signposting service in relation to other available State supports including, Revenue, the Department of Social Protection, Microfinance Ireland and Education & Training Boards Ireland. For anyone interested in starting or growing a business, the LEOs may be able to offer soft supports in the form of training and mentoring.

In September 2015, a new guide was launched setting out the range of State supports available for the manufacturing sector, which is available on my Department’s website and brings together all these services in a single publication to enable Irish businesses access the support they may not even realise they are eligible for. Details are at:

In the area of access to finance, a range of initiatives has been introduced - from Microfinance Ireland to the Strategic Banking Corporation of Ireland, and from the Credit Guarantee Scheme to the Ireland Strategic Investment Fund - and continued investment in seed and venture capital through Enterprise Ireland. These initiatives remain available and accessible to business and continue to provide increased access to credit and finance for Irish enterprise.

Comments

No comments

Log in or join to post a public comment.