Action Plan for Jobs will make doing business cheaper and easier.
Fine Gael Cork East TD, Tom Barry, has said that start-up businesses in Cork will receive invaluable advice and support from Enterprise Ireland, thanks to reforms announced as part of the Government’s Action Plan for Jobs. The Plan was launched Monday by the Taoiseach, Enda Kenny, and the Minister for Jobs, Richard Bruton.
“The Action Plan for jobs contains a range of measures that will make it cheaper and easier to do business and create jobs. A key element of the plan is the decision to merge County Enterprise Boards into local authorities. This will allow Enterprise Ireland to provide expert advice and support at a local level through a network of Local Enterprise Offices.
“As someone who founded and runs an SME, I know that this will be of huge benefit to new businesses trying to get off the ground. It will be easier for companies to move on to the next level by getting specific advice from industry experts. The support of Enterprise Ireland will also make it easier for start-ups to access export markets and trade internationally. In my view, this level of expertise isn’t currently available at a local level.
“The Plan directly addresses the problem of accessing credit, which is strangling so many firms in Cork. The targeted temporary Partial Credit Guarantee for SMEs struggling to access credit will go live; for every €100 million extra in loans guaranteed under this demand?led scheme, over 1,200 small businesses will benefit. The Micro Finance fund will also generate up to €100 million in extra lending for micro?businesses over ten years.
“Other measures will help to attract international entrepreneurs to start businesses in Ireland and grow jobs through a €10 million State fund for investment. This will be enhanced by improvements to immigration arrangements, a targeted marketing campaign and greater use of existing IDA networks around the world.
“This ambitious Plan aims to create the environment where the number of people at work will increase by 100,000 by 2016, and reach 2 million people by 2020. SMEs are key to this; if we can encourage every small business to take on one or two extra people, we will make a massive dent in our dole queues. This Plan contains tangible actions that will make this a reality.”