Construction Ireland Logo For Mobile
Time and date
Share this page
Construction News

Budget Sets Foundations For Construction Recovery - CIF

The Budget will set the foundations for a recovery in the construction sector and will lead to thousands of jobs being created, according to the Construction Industry Federation (CIF).

The Government announced several measures aimed at boosting the construction sector and removing some of the unemployed construction workers from the Live Register.

Among the measures announced for the construction sector were:

• A stimulus package of €200m for capital projects from the lottery license funding including road maintenance, sports capital grants and an international training arena, an events' centre for Cork, housing adaptation grants and other measures

• €30m for State house building programme

• €10m for unfinished housing estate initiatives

• Further round of capital investments to be announced next year

• Home renovation tax incentive scheme

• An extension of the Living City initiative to Cork, Galway, Kilkenny and Dublin and will extend it to all buildings built before 1915

• Extending capital gains tax incentives to end of 2014

• Extending REIT investments

• NAMA may extend additional working capital to the construction sector. This will include the creation of housing and commercial office space in Dublin.

• Measures to curtail the shadow economy

• Start your own business initiative.

At present, the construction sector accounts for one in four of the people on the dole. According to the Government's own figures, since the downturn began, 60% of the jobs lost have been construction related.

Speaking about the Budget, the CIF believes the measures announced will offer hope to construction workers and construction companies around the country.

"Our main argument to the Government has been that the construction sector offers the best opportunity to create a lot of jobs quickly," said CIF Director General Tom Parlon. "The Government has been taking that point on board and they have proven that today by bringing forward a number of measures which will boost our industry and through what Minister Noonan had to say in his Budget speech.

"Our sector is on the verge of a recovery and this will help accelerate that process. We've already seen that construction employment jumped by 6,400 between Q1 and Q2 of this year. I would expect to see further growth with thousands of construction jobs being created on the back of the steps taken by the Government today. We will also see further activity for the many construction companies who have been able to keep going through this difficult period for our industry.

"The Government deserves credit for bringing forward these measures and for realising the importance of encouraging growth in the construction sector. Our sector wants to play its part in the recovery of the economy. The initiatives in the Budget will help us to start making a larger, sustainable contribution to this country's economic growth."


Latest Construction News


Irish Water has issued a reminder to residents living on the Aran Islands in Donegal to conserve their water supplies. The firm made the call as further restrictions likely as the dry spell continues. Night time water restrictions are already in place on Inis Mór and Inis Oirr while the water cons

Sinn Fein has said the government's housing policy is "ruining people's lives". President Gerry Adams TD made the comments after 12 families and 30 children presented themselves at Garda stations on Tuesday, 23 May, as they had nowhere else to go. Mr Adams said "the next Taoiseach must listen to p

Belfast City Council has announced that an information session is to take place to discuss plans for a memorial at the City Cemetery. Proposals for the memorial, to those buried in Memorial Plot Z1, will go on public view for the first time next week. Artist Chris Wilson will present his plans at

A new development has opened in Dublin to help disabled people live independently. The Lodge in Balbriggan is part of the Prosper Group. Minister for Disabilities Finian McGrath TD said: "Innovative facilities such as The Lodge allow people with a disability to live independent lives, exercise gre

Fianna Fail has hit out at the Transport Minister after he allocated €1 million for preliminary works on the M20 motorway project between Cork and Limerick. TD for Cork East, Kevin O'Keeffe said sanctioning €1m is an attempt by Minister Shane Ross to deflect away from the abject failure of the curr

Sinn Fein has said the botched Renewable Heat Incentive (RHI) scheme in Northern Ireland has had a "corrosive effect in public confidence". The scheme could cost the public purse around £490 million. MLA Máirtín Ó Muilleoir said Economy Minister Simon Hamilton paid little heed to his appeals throu

The Housing Minister has been accused of "failing families" after figures revealed a rise in homelessness. The latest figures showed that 4,972 adults and 2,708 children are living in emergency accommodation, according to data from the Department of Housing. Sinn Féin Housing spokesperson Eoin Ó B

An electricity generator in L'Derry which was daubed with graffiti has been transformed. Pupils from St Patrick's Primary School pupils teamed up with artist Joseph Campbell to create the artwork depicting sports and community activities that take place in the local area. Funding was allocated by

Fianna Fail has repeated its call to the government to provide funding for the M20 motorway between Cork and Limerick. Cork North West TD, Michael Moynihan said there has been "much noise" about the possible re-routing of the motorway via Tipperary, as a spur off the M8, to reduce the overall costs

Over 70 properties in Dublin have been connected to new watermains. 40 properties on Pearse Brothers Park, Ballyboden, and 31 on Limekiln Road, Greenhills, were connected to improve the water quality and security of the water supply for residents. Irish Water invested €215,000 in the project which
Gael Form LtdAairex Environmental LtdConstruction Information ServicesCamfil IrelandCarlow Concrete TanksDaniel Keane Architectural Technologistsinsuremyvan.ieJ & W McCall Supplies (NI) LtdDatum Monitoring IrelandFernhill Stone
Terms and Conditions