All of the regions in Ireland have potential for economic growth and employment creation. It is critical that we focus on the potential within regions to position them as key contributors to Ireland’s national growth and the creation of employment.
Between June 2015 and January 2016, the Department published eight Regional Action Plans for Jobs, aimed at raising employment levels in the regions and facilitating them to achieve their economic potential.
Each plan contains a series of actions with timelines for delivery between 2015-2017, to be delivered through improved collaboration between enterprise agencies and other stakeholders supporting enterprise development in the regions.
The primary objective of these plans is to have a further 10 to 15 per cent at work in each region by 2020 and to ensure the unemployment rate of each region is within one per cent of the State average. Key targets across all Regional Action Plans are to:
- Increase the number of entrepreneurs/start-ups in each region by a minimum of 25%
- Improve the 5-year survival rate by 25%
- Improve scaling performance of companies by 25%
- Increase FDI investment into each region by between 30% and 40%
Each plan will be overseen and monitored by a Regional Implementation Committee, with Progress Reports produced every 6 months.
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