Business News

Government aims to create 50,000 jobs this year

The majority of roles that will be created under the 2016 Action Plan for Jobs will be in the private sector.

The new initiative will be launched later today in Kildare by Taoiseach Enda Kenny, minister for jobs, Richard Bruton, and tánaiste Joan Burton.

This year the action plan will put a significant emphasis on intellectual property development as well as the supply of skilled workers to the IT sector.

This year’s plan is the Government’s fifth, which says that it has already surpassed the target it set for 2016 five years ago.

In the first action plan the Government aimed to create 100,000 jobs by 2016, a figure it says was surpassed last year, saying that it created 135,000 roles under the initiative.

The plan includes the following initiatives:

– All Government transactions with business will be available online by 2017, a move which will affect 370 Government transactions with 185,000 businesses across the country

· We will double the intellectual property outputs from business

· Following the successful rollout of the Regional Jobs plans, further actions to support regional jobs growth supported by €530million in funding

· A step-up in skills supply, including a single Government web portal to highlight job opportunities to returning emigrants and a new National Skills Strategy

· 13,000 new jobs in Enterprise Ireland companies and 16,000 new jobs in IDA companies in 2016

· A series of measures to double the jobs impact from start-ups, including support for 185 high-potential and early-stage start-ups and 4000 jobs from the Local Enterprise Offices in 2016

· Mentoring and management development programmes for 1300 Irish companies in 2016

· €150million in new funding for R&D from Horizon 2020, and €600million in R&D investment annually from multinational companies

– A National Clustering Initiative – while clustering is an important strength of the Irish economy, particularly at regional level, research suggests that this can be significantly strengthened with specific initiatives

· Agri-food – establish a Centre for Consumer Insights and a Meat Technology Centre to support food innovation

· Financial services – IDA will develop proposals to win more “front office” financial services activities

· Measures to target jobs from new sectors including the bio-economy and the audio-visual sector

Article Source:

< Back to Business News