Government Support


16
May 14

Taoiseach to Announce Jobs Boost for Cork

Taoiseach Enda Kenny

Taoiseach Enda Kenny will make a significant jobs announcement in Cork this morning as recruitment firm Oxford International unveils a major expansion.

The company, which places IT and engineering specialists all over Europe, currently employs 65 people at its European headquarters at Penrose Quay.

Today’s announcement has been described as a “significant expansion” of its European operations out of Cork.

The Taoiseach will be joined by the company’s global president Michael McGowan, vice president John Murray, Agriculture Minister Simon Coveney, and several business leaders.

The Taoiseach will also launch the city’s new local enterprise office (LEO) today.

The LEO will be a “first stop shop” for anyone who wants to start or expand their business and create jobs.

The new facility builds on the success of the Cork City Enterprise Board and will be strengthened by the broad reach of Cork City Council.

New protocols have been developed with key agencies such as Revenue, the Department of Social Protection, Microfinance Ireland, and the Credit Review Office to ensure streamlined access to a range of government supports.

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2
May 14

Irish Government Promises 60 “high end” Jobs in Donegal

The Irish Government today promised 60 “high end” jobs in Donegal -  – “high end” is added to a lexicon for research jobs that includes “quality jobs” and “high value jobs.”

This area continues to be one where public spending gets priority even though there is little credible performance data published.

Richard Bruton TD, enterprise minister, announced that preparatory work has commenced for the construction of a new 20,000 sq ft Science Park building, at Letterkenny Institute of Technology (LYIT), representing an investment of €4.5m.

He said the new facility will enhance the development of Science, Research and Innovation in the North West region. The initiative, in tandem with a similar facility in Derry City, is a cross border project, co-funded by the EU’s Regional Development Fund through the Interreg IVA Programme, by the Department of Jobs, Enterprise and Innovation and by the Northern Ireland Department of Finance and Personnel.

It is intended that the new facility in Letterkenny will provide 13 new business Units and significant research space. “The target is that it will support over 60 high-end jobs. It is also hoped to develop 3 cross border clusters (involving Enterprise Ireland and Invest Northern Ireland) and that the facility will help secure one additional FDI project into the North West each year.”

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2
May 14

Voxpro to Create 350 Jobs in Cork

The Government will be supporting the company through Enterprise Ireland.An Irish company which provides outsourced technical support for dozens of multinational corporations has promised to create 350 new jobs in Cork by the end of the year.

Voxpro was set up 15 years ago with just six employees.

Today it employs 500 people across three purpose-built offices in Cork, as well as operations in Dublin and San Francisco.

Voxpro offers out-sourced technical support in 12 different languages to clients and customers of more than 100 companies and organisations worldwide.

Google, Travelzoo and Nest are among the well-known corporations which uses Voxpro’s services.

Voxpro says its success is based on providing strong links between businesses and their clients.

Voxpro’s expansion has been rapid and the company says it is not finished growing yet.

Voxpro says it is ahead of its own schedule to employ more than 1,000 people by the end of next year.

Elsewhere, a multi-national fire protection and security company has told the New York Stock Exchange that it is moving its corporate headquarters from Switzerland to Cork.

The move will bring Tyco’s staff numbers in Ireland to 700 over the next three years.

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27
Mar 14

A €200,000 fund to help Cork entrepreneurs turn their bright ideas into businesses will be announced today.

The new Enterprise Ireland-run Cork Feasibility Fund could see entrepreneurs in the region getting up to €25,000 towards the cost of a feasibility study to validate their start-up ideas.

Minister for Research and Innovation, Seán Sherlock, who will open the fund to applications this morning, said the ultimate aim of the package is to boost start-ups and stimulate growth and job creation in the city and county.

“Cork has a strong entrepreneurship culture,” the minister said.

“This fund is aimed at helping people who have a bright idea for an international business that can grow and provide valuable jobs in the Cork region.

“I am confident that there is a wealth of creative and capable potential entrepreneurs in the county that have a business idea they’d like to put to the test.”

The application process will be competitive and its particular focus will be on supporting innovative, growth-oriented businesses with the potential to move into export markets.

Enda McDonnell, Enterprise Ireland’s Director for the South/South East Region, urged budding entrepreneurs to apply to the fund.

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22
Feb 14

Small is Beautiful for the IDA as Focus Shifts to Growing Start-ups

From left: The IDA’s Barry O’Leary; Patrick Moran from New Relic; and Jobs Minister Richard Bruton. Photo: Maxwell PhotographyTHE Government is branching out from targeting massive multinationals in its bid for investment into Ireland – its plan of attack now targets young, small foreign businesses too.

DA Ireland is increasingly working with foreign start-ups who are considering opening their first overseas offices, Jobs Minister Richard Bruton said yesterday.

“It’s been a very successful add-on to what IDA traditionally built its strong reputation on, which was winning big iconic names,” he said. “Now we’re seeing new companies picking Ireland to use as a base for internationalising their business.”

Mr Bruton was speaking at the announcement of 132 jobs by five different IDA-supported companies. All five are relatively small and young in comparison to traditional IDA targets, which include global giants like Facebook and Pfizer.

“The thinking behind the drive is that these companies will establish deep roots here from early in their growth, and make a substantial impact on the economy,” he said.

Mr Bruton denied that their decision had been motivated by Ireland’s low corporation tax base. “They are here for the talent,” he said.

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30
Jan 14

Enterprise Ireland launches First Online Networking Platform for Female Entrepreneurs.

Enterprise Ireland (EI)The Minister of State for Small Business, Mr John Perry TD, today (Friday 24th January 2014) launched Enterprise Ireland’s first peer-to-peer online networking platform for female-led companies.

The new online initiative will support female entrepreneurs by facilitating greater communication and connectivity between the growing number of female entrepreneurs supported by Department of Jobs, Enterprise and Innovation through Enterprise Ireland, helping them exploit opportunities to grow their businesses in Ireland and in international markets.

The launch of this initiative coincides with the announcement that Enterprise Ireland will invest €600,000 in 12 female-led businesses as part of the Competitive Start Fund for Female Entrepreneurs. The successful applicants span a variety of sectors including Consumer Products, Enterprise Software, Medical Devices, E-Health, Online Applications and Internationally Traded Services.

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29
Jan 14

Tech firms create 300 new jobs

Enterprise Minister Richard Bruton    Ralph RiegelIRELAND celebrated a 300 job boost thanks to two major technology investments.

Enterprise Minister Richard Bruton hailed the jobs as “a great day for Ireland” and proof that the economy remains very attractive for high-tech investment.

US pharmaceutical firm, BioMarin, is recruiting 100 staff as part of their roll-out of a new Cork plant which will make drugs for the treatment of rare diseases.

The BioMarin plant, developed in a Ringaskiddy, Co Cork facility earmarked for shutdown by Pfizer in 2009, already has 50 positions filled with a further 50 recruits to be in place by 2015.

The investment has also created 65 construction jobs.

BioMarin’s Cork development represents the first time the firm has invested outside the US.

A further 200 jobs will be created by a new €30m Irish Photonic Integration Centre (IPIC) which is being created within the Tyndall Institute in Cork.

The complex was described by former Tanaiste Mary Harney as Ireland’s “truly world-class R&D centre.”

The IPIC centre aims to help create 200 jobs within the photonic or light-energy sector by 2020.

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10
Jan 14

New Call for Applications for Enterprise Ireland’s Competitive Start Fund

New call for applications for Enterprise Ireland’s Competitive Start FundEnterprise Ireland has issued a new call for applications to the Competitive Start Fund, with an emphasis on companies in areas like internet, games, apps, cloud, enterprise software, life sciences, food, consumer, medical devices and e-health.

The Competitive Start Fund is aimed at companies that aspire to be a high-potential start-up (HPSU) and who are active in areas like manufacturing and internationally traded services.

Selected companies will receive an investment of €50,000 for a 10pc ordinary ordinary equity stake.

The investment will be released in two equal tranches.

The start-up will be required to secure additional equity investment of around €5,000 from founders or external investees.

To qualify, companies will need to be registered and based in Ireland with all intellectual property residing in the Irish entity and must not have received equity funding of €100,000 prior to the company’s inception.

Annual revenues must not exceed €60,000 in the current financial year and the company must be less than six years old.

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17
Nov 13

Bruton Leads Investment Mission to India

Minister for Jobs, Enterprise and Innovation Richard Bruton is leading an investment mission to India today. Photograph: Aidan Crawley/The Irish TimesMinister for Jobs and 42 firms on five-day visit to Bangalore, New Delhi and Mumbai.

Minister for Jobs Richard Bruton will today begin five-day investment mission to India along with Enterprise Ireland and the IDA.

Some 42 Irish companies and higher education institutions will target sectors including technology, life sciences, financial services, engineering and education during the trip to Bangalore, New Delhi and Mumbai.

“Central to the Government’s plans for jobs and growth is driving an export-led recovery, and in the past two years we have seen a turnaround in employment in the exporting sectors of the economy,” Mr Bruton said.

“In the three years 2008-2010 Irish and multinational exporting companies lost more than 40,000 jobs, but since 2011 they have added well over 15,000 jobs.”

The Minister said each job added in companies in these sectors led to about one additional job elsewhere in the economy.

Key growth markets such as India were particular targets, he said.

This will be the 17th major trade and investment mission Mr Bruton has led in 32 months since the Government came into office in March 2011.

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29
Sep 13

Budget Help On The Way to Encourage Start-ups

Michael Noonan: future  Colm Kelpie Belfast FINANCE Minister Michael Noonan signalled new Budget measures to encourage business start-ups as he warned Ireland has fewer young entrepreneurs than our main European competitors.

Addressing the Confederation of British Industry annual lunch in Belfast, Mr Noonan said young people here saw their future as employees rather than employers.

In a hard-hitting speech, he told Northern Ireland business chiefs that young people must be encouraged to start their own business.

“There’s one problem with the way we’ve raised our young people,” Mr Noonan said.

“They see their future all the time as employees and we need to get our talented young people to see their future as people who will found their own businesses.

“The whole entrepreneur issue . . . must be addressed in Ireland and I intend to address it in our part of the country in the next Budget.”

Mr Noonan said the number of young entrepreneurs on the island was significantly lower than the number in any of the main European countries.

In a wide-ranging speech, Mr Noonan also said that he supported the North’s campaign for a cut in its corporation tax rate.

“We fully support your application for a 12pc corporation tax rate and we have informed our friends in London of this,” he said.

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