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News : Innovation Last Updated: Dec 27, 2010 - 5:42 PM

O'Keeffe says Irish State enterprise agencies may support the creation of 30,000 jobs in 2011
By Michael Hennigan, Founder and Editor of Finfacts
Dec 27, 2010 - 5:23 PM

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Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD

The Government’s investment in the Irish State’s enterprise agencies will help to generate almost 30,000 new jobs next year, according to the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD.

The announcement from the minister is consistent with the focus on spin in respect of jobs announcements.

In recent years, indirect jobs estimates have been added to jobs targets to improve the headline figures while no estimate for job losses is provided. The outturn could be that the number of new direct jobs created will be offset by job losses and no additional net jobs are added.

O'Keeffe said IDA Ireland aims to create 9,800 direct and 6,800 indirect jobs next year through foreign direct investments while Enterprise Ireland’s target is for 6,300 direct jobs and 4,400 spin-off jobs through export-led Irish firms.

"These jobs, backed by Government investment, will be sustainable and high-quality, underpinning our return to economic growth and driving fresh levels of innovation across the whole economy," said O’Keeffe.

Next year, the Government will invest €570m in science, technology, innovation and enterprise.

"With these funds, Science Foundation Ireland will maintain 29 top-class research centres and continue to work with over 400 industry partners.

"Enterprise Ireland will help some 1,200 firms with research and innovation activities and support 85 high-potential start-up firms, rising to 100 by 2015."

O’Keeffe said he would continue to implement the recommendations of the Innovation Taskforce which aims to make Ireland the best place in Europe to turn research into jobs and to start and scale an innovative firm.

"The Government wants Ireland to be the home of scalable small Irish firms and the best place in Europe for research-intensive multinationals to partner with clusters of smaller firms," said Minister O’Keeffe.

It all sounds grand but it is all merely aspirational.

Finfacts article: Irish Innovation: Ireland banking on the faith-based smart economy strategy

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