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."
Time and date
Earney Contracts has completed construction work on a £2.2million public realm scheme in Larne, Co Antrim. The project was funded by the Department for Communities (DfC) and Mid and East Antrim Borough Council. Improvements have been made to the streetscape across the town including new paving, th
The Labour Party is frustrated that building work has not started on a new maternity hospital in Dublin. Plans for the development have been delayed following a dispute over who should have governance control at the site on the campus of St Vincent's Hospital. Senator and spokesperson on Dublin, K
Serious concerns have been raised over the development of an art house cinema in Co Galway. A completion date for the building, which is estimated to cost around €9 million, is yet to be confirmed. Sinn Féin spokesperson on the arts, Peadar Tóibín TD, said the Prime Time Investigates exposé on the
Planning permission to enhance and upgrade a wastewater treatment plant in Co Donegal has been approved. Irish Water is to invest over €5million on the existing Ballybofey/Stranorlar wastewater treatment plant as part of the Donegal Towns and Villages Sewerage Schemes project. The project, which
Resurfacing work on a £80,000 scheme in L'Derry is to begin on Monday, 03 October. The project on the Foreglen Road near Dungiven is expected to be complete on Saturday, 29 October. Infrastructure Minister Chris Hazzard said: "This investment will greatly improve the surface quality of the carriag
The Green Party has blamed First Minister Arlene Foster over the £30million overspend in the renewable energy scheme in Northern Ireland. A senior civil servant apologised over "very serious mistakes" in the scheme, however Green Party leader Steven Agnew MLA said "the buck must stop" with Arlene F
Fianna Fáil has voted against a Sinn Féin motion to scrap water charges in Ireland. Sinn Féin TD for Limerick and party spokesperson for Jobs, Enterprise and Innovation Maurice Quinlivan has accused Fianna Fáil and Fine Gael of ignoring ordinary people who are opposed to the charges. He said: "The
Upgrade work on a wastewater treatment plant is Co Wexford has been completed. Minister of State at the Departments of An Taoiseach and Defence with Special Responsibility for Defence, Paul Kehoe, officially opened the improved Gorey-Courtown Wastewater Treatment Plant. A total of €7.2 million has
Irish energy firm ESB has announced plans to develop a wave energy farm off the west coast of Co Clare. The project has the capacity to generate energy for 4,000 homes. Fianna Fáil's Energy Spokesperson, Timmy Dooley TD, welcomed the announcement. He said: "We have the means by which to wean ours
Building work has started on a new unit at Bandon Community Hospital (BCH) in Cork. The unit will include two day rooms, a dining room, facilities for families of palliative care residents, a new clinical and therapy facilities and two enclosed gardens. BCH currently accommodates 22 patients, wit