JobsPlus, €175million Seed and Venture Capital Scheme and Local Enterprise Offices among measures delivered during Q2 2013 under Action Plan for Jobs – Taoiseach, Tánaiste, Minister for Jobs

19th July, 2013

JobsPlus, €175million Seed and Venture Capital
Scheme and Local Enterprise Offices among measures delivered during Q2 2013
under Action Plan for Jobs – Taoiseach, Tánaiste, Minister for

160 out of 180 Q2 measures delivered – Action Plan for Jobs Sixth Quarterly Progress Report

The JobsPlus scheme to provide direct cash incentives
to employers to hire the long-term unemployed, a new €175million Seed and
Venture Capital Scheme and the beginning of the roll-out of the new Local
Enterprise Offices to support start-ups and micro-businesses were among 160
measures to support job-creation delivered in the past three months under the
Action Plan for Jobs 2013.

The Taoiseach, the Tánaiste and the Minister for
Jobs, Enterprise and Innovation today published the sixth progress report of the
Action Plan for Jobs, showing that 160 out of 180 measures committed for
delivery in Q2 2013 have been implemented, a rate of 89%. A commitment to
publish quarterly progress reports is part of the system of ensuring strong
implementation of jobs-support measures across Government through the Action
Plan for Jobs.

Today’s report is the sixth quarterly progress report
since the Action Plan for Jobs system was instituted in early 2012.

Among the measures delivered are:

·        JobsPlus,
the scheme to provide regular cash payments to employers to offset wage costs
where they employ people who have been on the Live Register for over 12

·        A new
€175million Seed and Venture Capital Scheme, aimed at leveraging private sector
funds to provide a total of €700million in funding to high-growth Irish
companies with the potential to grow employment, as well as mentoring and

·        Beginning to
roll-out 31 Local Enterprise Offices across the country, a network of first-stop
shops to deliver world-class services to start-ups and micro-businesses in every
county in the country

·        Recruited
additional reviewers for the Credit Review Office, as part of measures to
improve credit supply for small business

·        Launched a
National Step Change Initiative for manufacturing businesses, as part of the
Government’s plan to supply 20,000 additional jobs in this sector

·        Commenced
support for 22 exemplar energy efficiency projects to deliver over €7million in
annual energy savings and support 500 jobs

·        Established
an Entrepreneurship Forum, chaired by Sean O’Sullivan, to drive government
policy in supporting more start-ups

Official employment figures published by the CSO
recently show that the private sector has been adding an average of more than
2,000 jobs per month since the Government published and commenced implementing
the Action Plan for Jobs in early 2012. During the three years 2008-2010 an
average of 7,000 jobs per month were being lost in the private sector. The
figures also show that:

·        The
unemployment rate has dropped from 14.1% to 13.7% – the first time since 2010 it
has gone below 14%

·        The numbers
of people unemployed has dropped below 300,000 for the first time since

·        The
long-term unemployment rate has fallen from 9.5% to 8.4% in the past

The Taoiseach, Enda Kenny TD said: “Getting Ireland
back to work remains the Government’s number one priority and the Action Plan
for Jobs is the key driver of work across Government to make the changes needed
to support investment and jobs.  While there are 2,000 jobs a month being
created in the private sector we must do more to break down the barriers to
entrepreneurship and job creation.  The disruptive reforms which are part of the
Action Plan are progressing successfully and I’d like to thank our industry
partners for their assistance in implementing these actions.  Any targets missed
during the past quarter will be prioritised for urgent implementation by

The Tánaiste and Minister for Foreign Affairs and
Trade, Eamon Gilmore TD said:

The Minister for Jobs, Enterprise and Innovation,
Richard Bruton TD said:

“We are starting to see real progress with our plan
to rebuild the economy after 250,000 jobs were lost during the last three years
of the previous Government due to the collapse of their economic model based on
property, banking and debt. We know that many people have yet to feel the
effects of this progress and that many people are really struggling.

“Since the Action Plan for Jobs
was first put in place an average of 2,000 jobs per month are being created in
the private sector.  Irish and multinational exporting companies had record
years in 2012, and recent figures show that this strong performance is
continuing in 2013, with major announcements by companies like Glanbia, eBay and

announcement shows that the progress is continuing. Jobs will remain our top
priority, and we will continue to implement the changes necessary to rebuild the
economy. We will continue to deliver on our plan and accelerate the transition
to a sustainable economy based on exports, innovation and enterprise that can
provide the jobs that we so badly need”.