Tipperary TD Noel Coonan has welcomed the news that his Fine Gael colleague and the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD will visit Tipperary this Friday to hold an Action Plan for Jobs Business Forum in Nenagh. Deputy Coonan was in regular contact with Minister Bruton over past months asking he visit the constituency and receive feedback from business people here.
“I am pleased Minister Bruton has acknowledged my lobbying. People who wish to attend can make an input into the Government’s action plan for job creation and outline what supports are needed for our local businesses. This will help guide our Action Plan for Jobs 2015. All business people attending must register their attendance in advance. Please feel free to contact my office for assistance with same,” said Deputy Coonan.
“Minister Bruton will outline the Government’s approach to the creation of employment and to hear the views and ideas of business people on what other supports they need, to protect existing jobs and create new ones. This follows on from Action Plan for Jobs 2014 which has proved very successful.
“Budget 2015 was good for the self-employed and for small and medium-sized businesses in Tipperary. Wednesday’s’s decision to reduce the top rate of income tax from 41% to 40% and to increase the standard rate tax band above which the top rate of tax is paid by €1,000 to €33,800 will make a significant difference for entrepreneurs, the self-employed and working families in Tipperary. This reduction of the tax burden will also boost consumer confidence and help create an estimated 15,000 additional jobs,” said Deputy Coonan.
“This is the first part of a plan to progressively reduce the 52% tax rate on low and middle income earners in a way that maintains the highly progressive and fair nature of the Irish tax system.
“SMEs are the lifeblood of our economy and play a crucial role in our recovery. This Government has introduced a range of initiatives to support the SME sector to grow and create jobs.
“The Strategic Banking Corporation of Ireland, which is expected to be formally launched at the end of this month, will increase the availability of loans of longer duration with more flexible conditions and potentially at lower cost. These loans will be made available to businesses across Ireland, including in Tipperary.
“The amount of finance that can be raised by a company under the Employment and Investment Incentive has been increased to €5 million annually subject to a lifetime maximum of €15 million,” concluded Deputy Coonan.