Stimulating the Domestic Economy 114 10.1 Agri-food 115 10.2 Marine 118 10.3 Tourism 119 10.4 Retail 121 10.5 Construction and Housing 125 11.
Developments in Financial services 133 11.4 Internet of things 133 11.5 Innovative/Advanced Manufacturing 134 11.6 Green Economy 135 11.7 National Institute for Bioprocessing Research
To achieve our vision of a stable and prosperous economy, we need to continue to make progress on our other goals:
We will embrace all good suggestions that help us build a stronger economy by continuing to seek out
Our work with the Global Irish Network and with our industry partners will continue to help identify promising actions across our economy.
This Spring we will bring forward an updated overall macroeconomic strategy to grow the economy, deliver full employment and to maintain responsible management of the public finances.
We will also set out a medium-term capital plan designed to address emerging economic and social infrastructure bottlenecks that could constrain the economy.
as well as strategies for a number of other specific sectors. 2015 ACTION PLAN FOR JOBS 5 This Government has worked hard to return stability to the economy and to the labour market.
The idea that our economy could put 100 000 extra people back to work by 2016 was met with questioning,
The response of Irish entrepreneurs, managers and workers to the challenge of rebuilding our economy has been so strong,
Looking ahead I believe that the next wave of jobs will be driven by small Irish companies the type of SMES that tend to create up to two-thirds of all new jobs in a growing economy.
To stimulate the domestic economy and generate employment in locally traded sector 4. To build an indigenous engine of growth that drives up the export market share of Irish companies 5. To build world-class clusters in key sectors of opportunity In addition,
To stimulate the domestic economy and generate employment in locally traded sectors Spend by IDA assisted firms in the local economy up 13%from 2011 Since 2011,
the numbers of people at work has grown by in agriculture 24,000 in accommodation and food services 23, 000open in retail, construction, healthcare,
2011 €738m 2013 €840m Enterprise Ireland firms spent €21 billion in The irish economy in 2013 Source:
and transforming Ireland's economy and in reforming the way we support business and job creation in Ireland.
In 2012,2013 and 2014, on a quarterly basis we have reported in detail on the implementation of measures in the Action Plan for Jobs to support the transformation of the economy
and underpin the New Economy built on enterprise innovation, technology and skilled people. The achievement of 100
innovation and entrepreneurship and in fostering new sources of growth for the economy. The objectives and actions set out in this Plan are designed to achieve specific impacts in terms of jobs,
and stimulate the domestic economy through local employment in sectors such as construction and retail, tourism, hospitality and agriculture and food.
Actions are set out to expand reform measures to boost entrepreneurship across all areas of the economy and society.
and support of effective research that produces outputs of maximum impact for Ireland's economy and society.
An updated overall macroeconomic strategy to grow the economy, deliver full employment and balance the public finances,
using collaborative funding initiatives to ensure skills supply meets demand to underpin the New Economy.
The creation of new jobs in agency supported firms have important spillovers to other sectors of the economy through expenditure on Irish materials and services.
It is estimated that every direct job created in agency assisted firms indirectly supports another job in the wider economy thereby making a strong contribution to the overall target of getting to full employment in 2018.
Increasing Sales and Exports Our recovery since 2011 is founded on a deliberate policy of driving export growth across the economy and supporting successful Irish based enterprises in international markets.
Stimulating the Domestic Economy through local employment We will take a range of measures to ensure that the success in international markets is mirrored in the domestic economy
and provide significant stimulus to local economies. EI will support 28 significant food industry investments, including five from foreign multinationals.
As the economy moves into a new phase of growth, there is now an opportunity to address both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
and virtually every sector of the economy, showing growth; Regions with history of high unemployment such as the South East which Government has brought a new focus to,
and skills system to ensure the future needs of the economy are met. It highlights the importance of stimulating productivity,
investment and growth in domestic sectors of the economy to help in addressing the employment challenge,
These reforms have impacted on job creation capacity and potential in the economy, but we have more to do to achieve the target of 100,000 jobs by 2016.
The long-term trend of declining sub-supply purchases in the economy by foreign subsidiaries has been reversed
Enterprise Agency Strategic Ambition Enterprise Ireland and IDA Ireland are embarking on new strategic drives to support enterprise and investment in the economy over the coming years.
Foreign owned firms contribute substantially to Ireland's exports, jobs, expenditure in The irish economy and to Exchequer funds.
and we need to build on the progress so far on deepening of trade links with the world's leading developing economies, for example,
Domestic Economy (retail, construction, tourism, agri-food) Current job creation performance in the domestic economy is improving,
with the CSO data indicating that some of the largest employment increases have been in the domestic economy 5 Framework for the Evaluation of Enterprise Supports (2011), Forfás 2015 ACTION PLAN FOR JOBS 21 areas.
We need to continue to ensure that work incentives are adequate across the economy if we are to support unemployed jobseekers,
Level of Entrepreneurship/Startup While the resilience of our exporting sector has been one of the economy's greatest strengths since the onset of the recession,
However, it is encouraging to note that Ireland is one of the few benchmarked countries to demonstrate positive total-factor productivity since 2010, a measure of an economy's long term technological dynamism.
in the energy sector and in the property market as rapid increases in prices have the potential to produce adverse knock-on consequences in terms of prices and wage expectations across the entire economy.
Credit and Investment for Growth Limited funding flows in an economy damage the environment for entrepreneurship
and training system and employers to deliver on skills needed to build the New Economy.
and training provision with the skills needs of Ireland's economy. Over 60,000, or 29 per cent of higher education students are enrolled in Science
The OECD has called skills the new global currency of 21st century economies and many countries have placed a major focus on human capital development
It is critical that we continue to nurture talent to meet the needs of an advanced economy.
and the economy at regional and national level and to ensure that individuals have the right skills to participate fully in society
Deliver the skills needed to underpin the New Economy built on Enterprise Innovation and Technology
Develop new Apprenticeships in response to proposals from key sectors of the economy. It is estimated that the economy has a long run average requirement of between 3, 500 and 4, 000 annual registrations in the existing apprenticeship trades, both construction and non-construction.
The Government is committed also to expanding apprenticeship into new areas and this will be the focus of the work of the Apprenticeship Council over the coming years;
and Training Services Plan. 2015 Actions A Step Change in employer engagement to build skills for the New Economy. 1 Review the National Skills Strategy
SOLAS, ETBS, HEIS) 16 Develop new Apprenticeships in response to proposals from key sectors of the economy.
and the EU's progress towards a low-carbon economy and society built on innovative research, effective strategic planning and an emphasis on timely and appropriate action.
This end-to-end approach to research strategy will provide the strongest potential for the research sector to contribute to national energy policy priorities and to job creation in the wider economy through the development of innovative commercial products, processes and solutions.
Furthermore, both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
develop new Apprenticeships in response to proposals from key sectors of the economy. DES, SOLAS, HEA, Apprenticeship Council, Employers and Education Bodies) 82 Enterprise Ireland will support a total of 115 firms across all levels and activities, through its Leanstart, Leanplus and Leantransform Programmes.
DSP) 2015 ACTION PLAN FOR JOBS 61 4. Finance for Growth The Government has identified clearly SMES as the lifeblood of our economy
As the economy moves into a new phase of growth there is now an opportunity to develop a policy agenda that addresses both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
Furthermore both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
and will target investment in the wider information and communications technologies and life sciences sectors of the economy.
The introduction of the PPC will continue the Government's drive to get credit flowing in The irish economy by encouraging prompt payment for all business transactions.
and reform of the State's public employment services to help ensure that the number of people on the Live Register is reduced as the economy recovers
ducation and ths or more. e economy w including dig ut what is pladesign and Leigh O'Brie. couldn't find also had dri on his ng that he d d to enter th r Game f the course sing the d eight month started to stu Momentum Production amme in Pul urses
Entrepreneurs are heroes of the economy, creating businesses, jobs and growth, and Ireland has some amazing entrepreneurs,
This should help stimulate the economy by providing certainty to those seeking to invest in new
as well as supporting the longer term competitiveness of the economy. In addition, much of this capital spend will help make Ireland a better place in
an economy's productivity performance is the ultimate determinant of success and productivity offers significant potential to enhance competitiveness
DJEI, CSR Stakeholder Forum) 8. 6 Decreasing the Cost of Doing Business Generating sustainable broad based export-led growth is essential to rebuilding The irish economy.
and international economic downturns rather than being driven across the broad economy. The Council has stated that The irish economy has reached a turning point in terms of cost competitiveness.
As previously emphasised by the Council, further structural or policy induced changes are necessary to ensure that prices do not escalate
and erode competitiveness as The irish economy returns to stronger rates of growth. The key issues raised by the National Competitiveness Council include:
Energy and Natural resources is pursuing the energy efficiency agenda across all sectors of the economy. A number of important landmarks were achieved over the lifetime of previous Action Plans,
This financing gap is being experienced across all sectors of the economy, not least the public sector. The Fund is established with investment from the Government, Glen Dimplex and London and Regional Properties.
DTTAS) 263 In order to ensure legal business models are informed better, better established, better operated, better regulated, better for consumers and enterprise and better for the economy,
and to the goal of developing a competitive national economy, through the stimulus given by innovation to high value economic activities and jobs.
and support of effective research that produces outputs of maximum impact for Ireland's economy and society.
Stimulating the Domestic Economy The preceding sections outlined the measures the Government will take in 2015 as part of our continuing export-led approach to employment generation.
As a result of Action Plan 2014, this is no longer the case. 2014 saw other supporting measures for the domestic economy such as the launch of Construction 2020, a strategy for a renewed construction sector
and sustained in local businesses as essential elements of our communities and domestic economy. Whether operating in agri-food, tourism, retail or construction,
and Offer spectacular tourism and leisure opportunities and a rich maritime culture and heritage. 2015 ACTION PLAN FOR JOBS 119 The direct economic value of Ireland's ocean economy was estimated at some €1
DAHG, UCD, DCU) 2015 ACTION PLAN FOR JOBS 121 10.4 Retail The Wholesale and Retail sector accounts for the largest share of employment in The irish economy, with approximately 270,000
The Government's Statement of Priorities up to 2016 stresses the importance of supporting the recovery of the domestic economy to create jobs,
and should have clear benefits for all sectors of the economy, and in particular for Retail.
It is also an essential part of the Government's effort to return the economy to full employment in 2018.
and work in these inner city locations. 2015 Priorities We have made strengthening the domestic economy and prioritising new jobs for the unemployed a particular priority for this Government.
Nevertheless, all economies must be aware of and adjust to global trends, and the challenges and opportunities that they present.
For example, rapidly ageing populations combined with natural resource constraints mean that growth in advanced economies will increasingly depend on productivity-raising innovation.
Specific opportunity areas identified include Smart Ageing, Design, Financial services, the Internet of things, Additive Manufacturing, the Green Economy,
and develop further Ireland's 2015 ACTION PLAN FOR JOBS 131 capabilities in business-related design across all sectors of the economy
DCCOI, DJEI) 11.3 Developments in Financial services With over 35,000 people employed across the IFS industry throughout Ireland this is a valuable sector to The irish economy.
Given the value of this industry to the economy and the appointment by Government in July 2014 of a Minister of state with specific responsibilities for the sector
IDA, EI, SFI) 11.6 Green Economy The Green Economy continues to hold potential as a new source of growth for Ireland.
The Green Economy encompasses a range of activities, spread across different sectors of the economy,
which have the common objective of providing goods and services in a sustainable way that reduce the impact on the environment.
A number of actions elsewhere in this Plan will help 136 to support the development of the Green Economy in particular in relation to our Energy Innovation Hub Disruptive Reform
Ireland is ranked 11th in performance in the Global Green Economy Index 201410, but ranked only 33rd in terms of how it is perceived to perform.
and to communicate the performance of Ireland's Green Economy more effectively in order to encourage greater investment in the sector in Ireland.
The opportunity will also be taken to explore the potential for the development of new employment opportunities in the Green Economy at regional level as part of the development of Regional Enterprise Strategies.
The Consultative Committee on the Green Economy, which was established as part of Delivering Our Green Potential, the Government's Policy Statement on Growth and Employment in the Green Economy,
will also continue to explore areas of opportunity to support job creation in the Green Economy. 2015 Actions 357 Carry out Cleantech Trade missions
or include the Cleantech sector in multi-sectoral trade missions to highlight the products and services available from Irish companies in the sector and to develop export opportunities for them.
and appropriate tools to communicate the performance of Ireland's Green Economy to global audiences more effectively to encourage greater investment in the sector in Ireland.
DJEI, EI and relevant actors) 10 http://www. dualcitizeninc. com/global-green-economy-index/2015 ACTION PLAN FOR JOBS 137 361 Consult with the Office of Government Procurement
DJEI, EI, OGP) 362 In developing Regional Enterprise Strategies, explore the potential for the development of new employment opportunities in the Green Economy at regional level.
DJEI) 363 Through the Consultative Committee on Jobs in the Green Economy, continue to identify new opportunities to support job creation in the Green Economy.
-five ranking in international competitiveness To build world-class clusters in key sectors of opportunity To build an indigenous engine of growth that drives up the export market share of Irish companies To stimulate the domestic economy
Direct Investment 8. 2-Easier To do Business 11-New Sources of Growth 1. 2 Increase in proportion of exports to high growth economies Exports
and emerging markets to reach 20%in 2014.16%of greenfield projects 2013.20%of greenfield projects in 2014.2015 ACTION PLAN FOR JOBS 143 2. Stimulating the domestic economy (retail, construction, tourism
APJ Sections 2. 1 Increase local economy employment Q1 2012 Retail: 264,800 Construction: 104,300 Agri-food:
Online 4-Financing Growth 10-Stimulating the Domestic Economy 2. 2 Increase in the domestic expenditure by exporting firms on payroll,
2012) Social innovation does not refer to any particular sector of the economy, but to innovation in the creation of social outputs, regardless of where they emanate.
and of the social economy at large3. Social entrepreneurship seems to be one of the most considered avenues
and minimize its effects on the economy and society. The first two editions focused on the best social innovation solutions to help people move towards work or into new types of work.
2) European commission (2013) Social economy and social entrepreneurship-Social Europe guide-Volume 4. Luxembourg: Publications Office of the European union.
which provide incubator services, training for social economy, and access to international networks to nurture
Social innovation does not refer to any particular sector of the economy, but to innovation in the creation of social outputs, regardless of where they emanate.
http://ec. europa. eu/research/innovation-union/pdf/state-of-the-union/2013/state of the innovation union report 2013. pdf#view=fit&pagemode=none EC (2013) Social economy and social entrepreneurship.
such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences,
http://composite-indicators. jrc. ec. europa. eu/The research was funded partly by the European commission, Research Directorate, under the project KEI (Knowledge Economy Indicators), Contract FP6 No. 502529.
, environment, economy, society or technological development. It often seems easier for the general public to interpret composite indicators than to identify common trends across many separate indicators,
Composite indicator developers have to face a justifiable degree of scepticism from statisticians, economists and other groups of users.
some degree of economy can be achieved by applying Principal Components Analysis (PCA) if the variation in the Qoriginal x variables can be accounted for by a small number of Z variables.
Economists are accused often, justly, of thinking that what cannot be counted does not count. In this case the construction of CIS, economists are trying to count what-many would say-cannot be counted.
The alternatives, however, are worse. Either we ignore this fact or we make subjective guesses.
The challenge from innovation-based growth in the Globalising Learning Economy, Oxford Press. Feldt L. S.,Woodruffe D. J,
Economists have long been hostile to subjective data. Caution is prudent, but hostility is warranted not.
Both the U s. and European economies have taken the lead in establishing some early concepts and policies for realizing the smart grid.
and a relatively low economy of scale when compared to the transmission systems. Several legislative mandates have provided various opportunities for the modernization of the electric grid in the U s. Fig. 1 shows a timeline of some events related to the electricity grid in the U s. that have served as harbingers to important changes via mandates
In the EU, the smart grid strategy is motivated by concepts of innovation with regard to social and environmental reforms for an interactive economy.
We believe that accountants bring value to economies in all stages of development. We aim to develop capacity in the profession
and seek opportunities for long-term success. By focusing on the critical role professional accountants play in economies at all stages of development around the world,
and enhance the role the accountancy profession plays in supporting a healthy global economy. www. accaglobal. com/accountants business The Association of Chartered Certified Accountants,
and prospects for, the global economy. The increasing emphasis placed on the role of the digital capability for the European recovery (European commission 2010b) raises the question of how the digital agenda can effectively engage the small and medium-sized enterprise (SME) sector
Q3, 2011, online report,<http://www2. accaglobal. com/general/activities/library/economy, accessed 26 september 2011.
We believe that ecoinnovations in SMES will contribute to a making a green economy work in Europe and worldwide.
new markets New business models Enhancing quality of life Creating new and sustainable jobs Material security Resource justice economy environment society politics Figure 2:
and impacts by limiting extraction of virgin resources and by limiting unused extraction Consider renewable and secondary resources (circular economy) Reduce cost by improving efficiency of extraction Comply with
USA) website contains a wide range of resources that could be useful for ecoinnovators. www4. shwec. uwm. edu/shwec The Money back through the window initiative of the KÖVET Association for Sustainable Economies
Towards the circular economy. Economic and business rationale for an accelerated tradition. 7 WEF 2012:
and can be found online. www. oecd. org/innovation/green/toolkit The Guide Towards The Circular Economy of the Ellen Macarthur Foundation offers interesting guidance on how businesses can benefit from adopting new practices
based on the circular economy philosophy. www. thecirculareconomy. org. Several in depth case studies also provide insights on how companies have changed their material inputs,
and examples. www. defra. gov. uk/environment/economy/products-consumers/green-claims-labels/Learning Resources Eco-innovate products
economy and society. www. eco-innovera. eu Ecopol is a transnational public partnership that aims to accelerate the implementation of ecoinnovation policies across Europe.
To quote the social economy Strasbourg Declaration of 16 january 2014:''Europe's social model needs to reinvent itself.
and environmental sphere (Social Economy & Social Entrepreneurship, 2013). The Innovation Union supports social innovation,
BOOSTING EU COMPETITIVENESS IN A GLOBAL ECONOMY CEPS TASK FORCE REPORT CHAIR: MARIA ANVRET Senior Executive Scientific Expert and Advisor, Prof.
85 i FOREWORD he European union is challenged in the global arena by emerging economies as well as by the US
economies in terms of research, development and innovation (R&d&i. The 2009 European Innovation Scoreboard has shown positive signs in some regions,
or 4%of GDP to the EU economy. Various reasons account for Europe's gap, certainly including the current fragmentation of the Internal Market and the absence of welldeveloped venture capital;
The European Institute of Innovation and Technology (EIT) is to be a key driver of sustainable European growth and competitiveness through the stimulation of world-leading innovations with a positive impact on economy and society.
BOOSTING EU COMPETITIVENESS IN A GLOBAL ECONOMY INTRODUCTION. TOWARDS EUROPE 2020 he word innovation lies increasingly at the core of the EU agenda.
and are of systemic relevance to economies. KETS are important for several reasons: They are the driving force behind the development of goods and services.
They are at the forefront of competitiveness, innovation and the EU knowledge-based economy. They modernise the industrial base and further strengthen the research base.
while maintaining openness in the EU economy. Also the conclusions of the Competitiveness Council of 28 may 2009 welcomed the Commission's initiative to develop a proactive policy for enabling high-technologies.
'Available data testify to a European‘lag'vis-à-vis the United states, Asia and several emerging economies in terms of research, development and innovation (R&d&i.
US firms seem to be more active than EU firms. o Inventive collaboration in ICT R&d with Asian economies is still relatively low,
The European Institute of Innovation and Technology (EIT) is to be a key driver of sustainable European growth and competitiveness through the stimulation of world-leading innovations with a positive impact on economy and society.
Yet, the internet economy, globalisation and industrial cycles have been producing a growing number of patent applications.
Helping business compete in the global economy, 2008, p. 25.24 Data are available in the Communication from the Commission to the European parliament
which can complete the transformation of Europe from the old economy to the new, innovation-based economy, with value-added, intellectual capital intensive activities.
The adoption of the green economy as a new paradigm for a fresh start in environmentcompliant entrepreneurial activities has seen recently a growing interest in fostering an economic development based on eco-efficient technologies, not just in terms of cost-effective, friendly solutions,
and fields of research that are need in of financial support because of their expected ability to produce the kind of economic results that fit the green economy standard of environmentally-friendly innovation.
demonstrated the clear benefits of standards and standardisation to the wider economy. Standards may play a role in facilitating the sharing of common technological solutions,
Principal Economist DG ENTRE European commission hasan. alkas@ec. europa. eu Mr. Emmanuel Bentejac Veolia Environment emmanuel. bentejac@veolia. com Mr
. Per Tervahauta Counsellor for Industrial Affairs Permanent Representation of Sweden to the EU per. tervahauta@foreign. ministry. se Mr. Kristian Uppenberg Senior Economist European Investment Bank
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