Nearly €6m is being spent every week on house refurbishment and renovation work, following the introduction of the Home Renovation Incentive Scheme.

Labour TD Derek Nolan said that he is "delighted" his proposals are proving to be successful.

The scheme provides substantial tax relief to homeowners and was announced as part of the budget last year.

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Mr Nolan said: "Tackling the unemployment crisis has been the single biggest priority of this Government and it is clear from today's figures clear that we are making headway in this regard, particularly in the construction sector.

"The scheme is also helping tackle the loss of €5 billion to the black economy each year. Illegal activity in the black economy can cripple legitimate businesses by giving cost advantages to those who avoid tax, don't pay proper wages or contribute to society."

(CD/JP)