Construction NewsConstruction Directory Macrete Ireland Ltd
KDB Insulation Ltd Automation Supplies Limited Woodburn Engineering McSharry Bros Ltd. (Manufacturing) The Stove Shop Graepel Perforators & Weavers Limited Cablecraft Ireland Limited O&O Conservatories Liffey Distributors Limited Conway Piling Ltd. (Piling Kildare) Wavin (Ireland) Limited Plant Hire Ireland Carlow Concrete Tanks Walcon Containers Eco Energy Solutions Fernhill Stone

Irish Industry 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

- - - - - - Advertisement - - - - - -
August BioPro Ireland Limited

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)
Bookmark and Share

Top Stories
24/04/2014
Moore Street Development To Be Discussed
24/04/2014
Call For Action To Meet Sellafield Waste Safe
24/04/2014
Dublin Council Needs To Engage With NAMA - FF
24/04/2014
Funding Announced For ESB's Westwave Project
24/04/2014
Irish Water to Axe 1,100 Staff
24/04/2014
Binding Targets To Be Included In Climate Change Legislation Criticised
24/04/2014
Drop In Landfill Rates
24/04/2014
Go-Ahead For Leisure Facilities At Windsor Park Stadium
23/04/2014
Vacant Homes To Be Renovated
23/04/2014
Climate Change Legislation Another Step Closer
Construction News Archive
Submit News Story
Editorial Staff
home
UK Construction Industry News
Moore Street Development To Be Discussed
Call For Action To Meet Sellafield Waste Safe
Dublin Council Needs To Engage With NAMA - FF
Funding Announced For ESB's Westwave Project
Irish Water to Axe 1,100 Staff
Binding Targets To Be Included In Climate Change Legislation Criticised
Drop In Landfill Rates
Go-Ahead For Leisure Facilities At Windsor Park Stadium
Vacant Homes To Be Renovated
Climate Change Legislation Another Step Closer
Dublin Housing Issue To Be Discussed
Govt Needs To Get Real About Energy Policy - Hartley
Subscribe to email news

national News
Luas Camera System Welcomed But More Needs To Be Done - Labour
Govt Urged To Lead National History Debate
FG Launch Digital Media Election Campaign
Garda Appeal After Man Killed In Hit-And-Run
HSE Ban Use Of E-Cigarettes In All Facilities
NAMA 'Agreed In Principle' To Moore Street Monument Funding
'Clarification' Called For On Irish Water Announcements
Junior Cycle Reforms Will Not Be Deferred - Quinn
Security Firm To Create 230 Jobs
Latest Stats Reveal Depth Of Beef Crisis Moynihan
New Garda Unit Needed To Tackle Violent Street Crime And Gangs
APJ Working But Needs Adjustments - OECD Report Finds
Varadkar Promoting Irish Tourism In China
Other News In Brief
Construction News Archive
download the build app from the app store
Keystone Ireland Online Paper
Traffic is ABC certified
ppa.co.uk
Barry Lyons Designs HSS Hire Shop Blackrock Glass Limited A. Cafferkey Developments Ltd. KCC Architectural BSD Training Ltd Murray Timber Group Rota Contracts Skyport Engineering Kingspan Insulated Panels Brian OKennedy & Associates Limited GEMGATE Limited Moore Concrete Products Ltd Homefront PVC Fast Floor Screed Ltd Macrete Ireland Ltd
GEMGATE Limited
Flagship Media Group Ltd
Unit C3, 6 Westbank Drive, Belfast,
BT3 9LA, Northern Ireland
Tel (+44) 28 9031 9008
Contact : Click here
Website Terms and Conditions

keycons003 / keycons003x17 25/04/2014 06:39:49 / A2 / B3 / 1.757813E-02, 54.205.175.144 / BOT1

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).