Construction Logo For Mobile
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
17/10/2013

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."

(CD/JP)

Latest Construction News

05/02/2016

Planning permission for wind farms to be developed in County Meath have been rejected. Sinn Fein candidate for East Meath, Darren O'Rourke, welcomed Bord Pleanála's decision. He said: "This is of course a welcome decision. The people in the area have expressed their disdain at these proposals for
05/02/2016

A L'Derry firm, which designs manufactures and erects high quality park homes and log cabins, has announced it is to create 15 new jobs. Oak Grove Cabins' also confirmed it is to invest almost £900,000 to boost its sales in Great Britain. Invest Northern Ireland has offered the company £94,740 tow
05/02/2016

The Labour Party has slammed the Leader of the Green Party over his comments about climate change. Labour TD Kevin Humphreys described Eamon Ryan's comments as "unbelievable". Mr Humphrey's said: "In contrast to Eamon Ryan and his colleagues, Labour in government delivered climate change legislati
05/02/2016

NIE Networks has announced it is attending the Self Build Show at the Titanic TEC in Belfast. The show takes place from 12 to the 14 February. Edel Creery, Connections Manager at NIE Networks, said: "At NIE Networks, we aim to make the connections process as easy as possible for our customers. We
05/02/2016

A renewed co-operation agreement has been signed in respect of land compulsorily acquired or to be acquired for the development of the national road network. The agreements was made between the Department for Transport Infrastructure Ireland (DTII) and the Irish Farmers Association (IFA). The Mini
05/02/2016

A Dunmurry-based firm has announced it has created a new heat recovery ventilation product. Brookvent developed the product - aircycle 3.1 - with support from Invest Northern Ireland. Declan Gormley, Brookvent Managing Director, said: "Brookvent has developed a best in class product with unrivalle
05/02/2016

Further expansion plans have been announced for the Roddensvale School in Larne, Co Antrim. Construction work has started to develop a new hydrotherapy pool in the school. Education Minister John O'Dowd officially opened new classrooms, a dining area, a hygiene room and other new facilities. The
05/02/2016

Charging for green bins will lead to more illegal dumping, according to Fianna Fail. Candidate for Dublin Fingal Senator Darragh O'Brien said it is a "retrograde step" that will discourage recycling. Senator O'Brien said: "In government, Fianna Fáil doubled the percentage of municipal waste that i
04/02/2016

SSE Airtricity has signed a deal with Aviva Stadium in Dublin to supply all of its energy through 100% renewable power. Under the deal SSE Airtricity is supplying 100% green electricity as well as gas to the home of Irish rugby and soccer in Ireland. Martin Murphy, Stadium Director at Aviva Stadi
04/02/2016

Residential rents in Dublin increased by 9.3% in 2015, a Sinn Fein councillor has confirmed. General election candidate for Dublin Bay North Councillor Denise Mitchell said house rents in Dublin are almost double that the rest of the country. She said: "Many families have ended up homeless as they
ACRA Floors & MoreContech Building Products LimitedG.M.S Insulations Ltd.McHale Plant Sales LtdHarkin Fireplaces LimitedR & M Buckets LtdJLM Composites LtdSSQ Natural Slate (Ireland)SC Eco Container Conversions LtdFreefoam Plastics
Terms and Conditions