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Government Bulletin #allaboutjobs

This Bulletin is part of the Government’s Year for Jobs Campaign, aimed at increasing awareness of what is being done in Ireland to create jobs & tackle unemployment. On Twitter,  follow @yearforjobs or hashtag any of your announcements with #allaboutjobs.

Useful Statistics

  • 1.91million People now in work, an increase of 61,000 (3.3%) in Q4 2013 compared to Q4 2012
  • 3.3% Increase in employment rate in the last year
  • 11.9% Current unemployment rate (Feb 2014) down from 15.1% (Feb 2012); has dropped 20 months in row
  • 7.2% Long term unemployment rate (Q4 2013), down from 8.2% last year
  • 253,200 People unemployed (Q4 2013), from the CSO’s Quarterly National Household Survey

€40m development of Dublin Digital Hub with 300 jobs announced

Investment of over €40 million as a result of a new property development at The Digital Hub. Project expected to create up to 300 construction jobs, create additional 10,650 sq ft office space & housing development for 470 students in Dublin 8. “Government’s Action Plan for Jobs asks for cross-cutting measures with the potential to have a significant impact on job creation, and this development does exactly that.” Minister Rabbit

New €200k fund to help Cork entrepreneurs explore the feasibility of their startup

  • Enterprise Ireland fund aims to boost start-ups and stimulate job creation in Cork City and County
  • Up to €25k can be provided towards the cost of a feasibility study. Deadline for applications is 25 April
  • The fund is part of the Government’s Action Plan for Jobs

Call for Start-Up applications for island’s largest business competition 

  • The Intertrade Ireland Seedcorn Investor Readiness Competition was launched this week
  • Open to early and new start companies, this competition involves cash prizes of €50k or €100k for both the ‘Best Early Stage’ and ‘Best New Start’ company titles
  • Deadline for applications: 1pm on Friday 30th May 2014

CSO reports 11.3% increase in visitors coming to Ireland in early 2014

  • Statistics cover Dec 2013 to Feb 2014 compared with the same period last year
  • Figures suggest that the positive momentum generated by The Gathering in 2013 is being maintained into 2014
  • Spending by overseas visitors grew by over 9% to €4.1bn
  • Strong numbers from important markets: GB up 14.1%, North America up 16.7%, and Germany up 16.3% 

SMEs optimistic in outlook but will hold off on pay rises for now – Viking Survey 

  • 46 % of business owners surveyed said that business had improved in the last three months
    most positive returns seen in Connacht, where 52% said they had registered an uptick
  • Overall growth for SMEs is expected at 97% in Connaught, 59%  in Ulster, 53 % in Leinster and 44% in Munster

Dublin ranked first in Europe for office rental growth to 2018 

  • Average annual growth in office rents is set to be 6.3% over next 5 years, according to Jones Lang LaSalle
  • Dublin is followed by Madrid at 5.5%, London 4.6% and Oslo 4.5%
  • Also, the Society for Chartered Surveyors has seen a 23% increase in take-up of commercial property last year
  • This comes as Dublin City is selected as one of 16 cities worldwide for IBM Smart Cities grant of €500k

Investor confidence in Irish market has shot up

  • 81% of respondents feeling positive about Ireland’s economic prospects up from just 55% last year, according to the RaboDirect Investor Barometer.
  • RaboDirect accredits growth in confidence to steady stream of positive news on country’s economic prospects

90% of companies planning to expand this year, says new survey

  • 90% of firms to expand this year, 30% of which plan to seek bank credit, according to Amarach Consulting & AIB
  • Of 700 indigenous Irish tech companies, two-thirds plan to grow their workforce but say that hiring decent employees is a bigger challenge than raising the money
  • 60% are looking to export markets and cite the issue of scaling operations as their main growth challenge
  • Ireland indigenous tech sector employs 30,000 and generates an estimated €2bn each year in sales

Forfas reports €41bn injected into Irish economy through enterprise development agency clients 

  • Enterprise Ireland, IDA, Údarás na Gaeltachta and Shannon Development increased by 3.8% or €40.8bn in 2012
  • Represents the significant and positive contribution of indigenous exporting companies & foreign companies
  • In 2012 Irish clients of enterprise agencies have increased export intensity to 52%
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