04/03/2010

Gov Plan 100,000 Jobs By 2014

The Tánaiste has this morning revealed a Government plan to deliver 100,000 jobs to Ireland by 2014.

In the new plan called 'Horizon 2020' Minister Mary Coughlan launched the Industrial Development Association's (IDA) proposal to attract Foreign Direct Investment (FDI) into Ireland in the coming decade.

Launching the plan Ms Coughlan said the initiative was an integral part of the Government’s Smart Economy policy and that attraction of sustainable foreign direct investment is critical to ensuring Ireland’s economic recovery.

The document listed investment targets for 2010-2014 as 105,000 new jobs,

640 major foreign investments, 50% of investments to be located outside Dublin and Cork, 20% of Greenfield investments originating from high-growth emerging markets by 2014 and annual spend in excess of €1.7bn in research, development and innovation by 2014.

Barry O’Leary IDA Ireland boss, speaking at the launch said: "This strategy document articulates our view of the next decade’s significant future changes.

"IDA recognises that the ambitious goals set out in ‘Horizon 2020’ necessitate a deeper and broader engagement of all stakeholders requiring public and private sector partners working together in new ways to bring this to fruition."

The document says Ireland can win new investments that will create thousands of high-quality jobs across the country.

These investments will come from the development of existing client companies, industries and markets. They will also originate from new types of companies, in new areas and from new markets.

The Taniaste added that the document was a "road-map" of what is needed to fuel Ireland's future success with leading global corporations over the coming decade.

(DW/BMcc)

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