21/12/2011

Start-up Firms To Boost Employment

Several hundred new jobs are to be being created with news from the Dáil Jobs Minister Richard Bruton today that 528 jobs will be created over the next three years in 32 new high potential start-up companies which have been supported by Government through Enterprise Ireland in the third quarter (Q3) of 2011.

The announcement shows an increase in both the number of companies and new jobs, compared with Q3 last year.

Making the announcement, Minister Bruton said: "If we are to rebuild the economy and get jobs growing again, we must create an indigenous engine of growth.

"I have said before that while foreign direct investment must and will remain an important part of our economic strategy, indigenous businesses will be the key to achieving the levels of growth and employment that we need.

"Enterprise Ireland's High Potential Start Up programme, which provides support to dynamic, high-growth companies in key sectors, is a central part of my plan to drive success in our indigenous businesses.

"I was happy to secure an increase in funding for this programme as part of Budget 2012, and I look forward to further expansion in future years," he said

The Minister added: "For the third quarter in a row, we are seeing an increase in new start ups and job creation in this programme.

"However we must be highly ambitious in this area, and in next month's Action Plan for Jobs I will be looking at ways to provide further supports for indigenous businesses so that we can not only attract the next Google to Ireland but also seek to create the next Google in Ireland."

(BMcC)

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