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Government admits Enterprise Ireland under spend more than first revealed

30 November, 2011


The Sinn Féin spokesperson on jobs, enterprise and innovation Peadar Tóibín TD has expressed his disbelief that Enterprise Ireland has under spent €21.5 million targeted at business start ups and support.

Deputy Tóibín said:

“Yesterday we raised concerns that the under spend in Enterprise Ireland was €12 million. Today the government has released shocking new figures that reveal the under spend was actually €21.5 million.

“Small businesses and medium sized enterprises are complaining to me on a regular basis that they are being told by Enterprise Ireland that there is no money. There is obviously a complete disconnect between the demand that we see on the ground for funding and the decisions of the government

“Richard Bruton will be taking €10 million of this under spend to bailout the hole in the IDA property portfolio. This means that money originally provided for job creation and enterprise creation will now be spent on non-productive activities that won’t create a single job.

“At this time of crisis unemployment and enterprise funds need to be prioritised towards job creation.

“Also it is notable that no money has been given to the struggling Údarás na Gaeltachta. When I questioned the minister today about this he said that he was not responsible for Údarás na Gaeltachta. When I questioned the Minister for the Gaeltacht last week he said that he was unaware that these funds were unavailable. It seems that the Gaeltacht is yet another victim of this government’s failure to put in place a comprehensive jobs plan.”

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