Construction Ireland 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

24/07/2017

The Government has been called to prioritise the roll-out of the Celtic Interconnector between the southern coast of Ireland and the north-west coast of France. Fine Gael TD Neale Richmond made the call to secure Ireland's energy supply in the wake of Brexit. Mr Richmond said: "Following the 2009
24/07/2017

Fuel allowance recipients have now been given the option of receiving payments in two lump sums. Fianna Fail and Sinn Fein welcomed the announcement. Fianna Fáil Spokesperson on Social Protection Willie O'Dea TD said: "This initiative will help those who wish to buy fuel in bulk, thereby potential
24/07/2017

Concerns have been raised over the proposals to build warehousing units in Kilcurry, Co Louth. The units will be used to store and mature whiskey. However, residents have raised concerns over the environmental impact they will have on the village. Sinn Féin President and TD for Louth Gerry Adams
24/07/2017

Fianna Fail has been slammed over the delay to refund water charges to households throughout Ireland. Fine Gael accused the party of "flip flopping" on Irish Water and said they are not supporting the people who paid their water charges. TD Deputy Rock said: "It is absolutely vital that those who
24/07/2017

The Government has been accused of going back on commitments to reintroduce Affordable Housing Schemes to help middle income families who do not qualify for social homes. Fianna Fáil Spokesperson for Housing, Barry Cowen TD called for the State has to get back into the business of subsidising affor
24/07/2017

Around 3,500 consumers have been left without water in Galmoy and Rathdowney following a mechanical failure of a pump at the Galmoy Water Treatment Plant. Irish Water is currently working to fix the pump and the supply is expected to restored by noon today, 24 July. To address the temporary shorta
24/07/2017

The Northern Ireland Housing Executive (NIHE) has been accused of being complicit in facilitating breaches of environmental regulations in relation to a "rogue" bonfire site at the Dublin road estate in Antrim. Sinn Féin's South Antrim MLA, Declan Kearney and Party colleagues met with senior offici
24/07/2017

The HIQA is best placed to conduct a thorough child protection inspection of emergency homeless accommodation, according to Sinn Fein. Housing spokesperson Eoin Ó Broin TD said the office of Ombudsman for Children highlighted its serious concerns about the poor conditions some families in emergency
21/07/2017

A large water main that brings water to the Staleen Water Treatment Plant in Co Meath. Irish Water has called on its customers in Drogheda Town and surrounding areas, Rosehall, Clogherhead, Termonfeckin, Ashbourne, Ratoath, Curragha, Duleek, Donore, Bettystown, Laytown, Mornington, Julianstown, Gor
21/07/2017

Belfast City Council has made improvements to plans for a new public park and play park in the Colin area. In partnership with Urban Villages Initiative the initial proposals were outlined during a public consultation in and 95% of people responded positively to the new park at Stewartstown Road.
Construction Information Servicesinsuremyvan.ieDatum Monitoring IrelandGael Form LtdCarlow Concrete TanksAairex Environmental LtdCamfil IrelandCabra Agri ServicesClassic BlindsShannonside Galvanizing
Terms and Conditions