Over €3bn capital investment announced in Government plans

Finance | Tue 29 Sep | Author – Business & Finance
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Ministers Richard Bruton and Ged Nash have welcomed the announcement of the provision of over €3bn in capital investment in projects under the remit of their departments until 2021.

The capital plan published today allocates €3bn to capital projects under the Department of Jobs. The Government believes the investment will allow the full delivery of comprehensive regional jobs plans.

Minister Bruton will outline the full breakdown of the department’s capital programme for 2016 on Budget Day. He stressed today that the allocations announced today will allow his department and its agencies to continue to deliver the programmes of activities which have support record levels of job creation and exports over recent years, as well as the comprehensive programme of regional jobs plans commenced earlier this year.

Richard Bruton TD, Minister for Jobs, Enterprise and Innovation, said: “Over the past three years, employment in companies supported by my Department has risen by well over 40,000 – meaning that almost half of the total increase in employment over that time has been accounted for directly by companies supported by my department. The allocation announced for our department is a significant increase on the figures, which have allowed us to deliver those record results. It will not mean that we will abandon the prudence and the smart use of resources that we have shown over the past four years. However it will allow us to plan for the future, secure the recovery and deliver the job creation that will make possible everything else that we as a Government want to do over the coming years.”

Ged Nash TD, Minister of State for Business and Employment, added: “Job creation remains our number one priority in this Department and the capital programme we are announcing today will ensure that our agencies, the IDA, Enterprise Ireland and the Local Enterprise Offices have the funding they need to build on the record levels of job creation we have all worked so hard to achieve in recent years. My focus is also firmly on ensuring that the s these agencies are helping to create are decent sustainable jobs which enable all workers to have a decent standard of living.”