IDA grants per job created
The Minister said the requested annual average cannot be calculated because grants are paid against eligible capital expenditure, not when jobs are created.
asked the Minister for Industry, Commerce and Energy the average cost in grants per job created in new industry for each of the years 1976, 1977 and 1978.
Comment on this
It is not possible to provide the information sought by the Deputy. The payment of capital grants approved by the Industrial Development Authority when its new industry programme is made on foot of certified expenditure on eligible fixed assets and not as new jobs are created. There is a time-lag between the installation of new plant and machinery and the creation of new jobs on the factory floor. On the other hand employment on occasion may precede the payment of grant.
The average cost in grants per job of projects approved under the authority's new industry programme in recent years has been as follows: 1976, £2,970; 1977, £4,368. Although final figures are not yet available, the estimated cost in 1978 was only marginally in excess of that for 1977.
The average cost per job approved fluctuates from year to year depending on a number of factors, principally the labour or capital intensity of the projects approved and the degree of international competition for overseas promoted projects.
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