23/02/2016

Fine Gael Pledge €4bn For Future Jobs Investment Fund

Fine Gael has pledged to bring unemployment to below 7% in every region with a commitment of €4 billion in the Future Jobs Investment Fund.

The committee, part of Fine Gael's election manifesto, was launched by an Taoiseach, Enda Kenny, Minister for Jobs, Enterprise and Innovation, Richard Bruton and Minister for Foreign Affairs and Trade, Charlie Flanagan.

Speaking in Eishtec, Co.Waterford, An Taoiseach said: "Fine Gael is already implementing eight regional Action Plans for Jobs up to 2018, and has allocated €250m to help spread growth to all areas. To ensure that no region is left behind, we are now committing significant funds from our €4 billion Future Jobs Investment Fund. We will develop new Regional Action Plans for Jobs for the period after 2018, to build stronger regions and drive job creation. Specific additional measures to achieve this will include:

• We will commit an extra €10 million for Ireland's regional airports to guarantee their future.

• We will establish a new Atlantic Economic Corridor along the west coast, with strong transport and enterprise links.

• We will invest in new Technological Universities, and other educational initiatives.

• We will make additional resources available through IDA Ireland, Enterprise Ireland and Science Foundation Ireland to promote greater clustering in key industry sectors such as tech, biotech, renewable energy and medtech, e.g., the National Health Innovation Hub based in Cork.

Minister Bruton added: "Competitive regions and job creation are at the heart of our Long Term Economic Plan. As a small, open economy, we're not going to create regional jobs by building houses and selling them to each other. We have to make things that others want to buy. To do that, we need to be competitive.

"The regional airports – Donegal Airport, Ireland West Airport Knock (IWAK), Waterford Airport and Kerry Airport – are vital for regional job creation and Fine Gael's plan will guarantee their future."

(MH/LM)

Related Irish News Stories
Click here for the latest headlines.

11 December 2014
Funding Announced For Regional Airports
News that funding of more than €600,000 has been secured for Kerry Airport has been welcomed, with Fine Gael saying that it highlights "the importance of Kerry Regional Airport as a primary transport link." The news came as part of an announcement of €2 million funding for regional airports, made by Minister for Transport Paschal Donohoe.
15 January 2016
€40m Competitive Regional Jobs Fund Launched
The Taoiseach Enda Kenny and Minister for Jobs, Richard Bruton, have announced a €40 million competitive regional jobs fund as part of the government's Regional Jobs Plan.
14 January 2011
Dáil Support For Air Routes 'Up In The Air'
Changes to Government supports for local air travel in the wake of a major review of the expenditure involved have been announced. The Transport Minister Noel Dempsey said Government support is provided to certain routes under a Public Service Obligation (PSO) after an analysis of the public need for the service to be provided.
19 January 2016
Action Plan For Jobs 2016 Published By Govt
The government has announced its Action Plan for Jobs 2016, the fifth in the annual series of jobs plans, aimed at building a new, sustainable economy based on enterprise, exports and innovation.
07 November 2014
Job Creation Essential To Recovery - Oireachtas Jobs Committee
Chairperson of the Oireachtas Jobs Committee, Marcella Corcoran-Kennedy, has called for a "firm focus" on job creation to help secure recovery.