The Hardware Association Ireland (HAI) presented policy proposals to support business growth and job creation in town and village centres. HAI proposed: 1) Implementing recommendations from recent reports to stimulate rural economies and construction, including rural economic zones and expanding home renovation incentives. 2) Stimulating construction through help-to-buy schemes and credit guarantee programs. 3) Expanding microloan programs and incentivizing temporary seasonal work to boost local entrepreneurship. HAI believes these proposals could help address imbalances in economic activity between rural and urban areas.
Ireland needs to improve its competitiveness in key areas to continue prospering after the recession. The key elements that must be addressed are: reducing the cost of doing business through lower taxes and costs, maintaining macroeconomic stability and increasing public investment, developing skills and enterprise, and improving access to finance. Specifically, Ireland must make labor costs more competitive by reviewing taxes and social welfare, lower high energy costs, increase the supply of affordable housing and commercial properties, broaden its tax base, maintain a low corporate tax rate, and increase targeted public infrastructure investment.
The document discusses key elements needed for Ireland to regain competitiveness, including reducing costs of doing business, maintaining macroeconomic stability and public investment, developing skills and the enterprise base, and improving access to finance. It analyzes specific areas within each element that need to be addressed, such as labor costs, energy costs, property costs, broadening the tax base, increasing public investment, developing skills training programs, supporting entrepreneurship, and improving access to bank and non-bank financing. Regaining competitiveness is vital for Ireland's economic growth and job creation.
The document discusses the privatization of Royal Mail in the UK and the failure of privatizing sewerage services in Malaysia. It provides background on Royal Mail, the reasons for its privatization, and the process undertaken. It also discusses controversies around the privatization and outcomes post-privatization. Regarding sewerage services in Malaysia, the document outlines how privatization led to public outcry over increased charges and a lack of improvements, resulting in the government de-privatizing the services.
Copy of presentation from Finance in Cornwall 2011 hosted by Winter Rule on 19 May 2011. This seminar provides a quickstep guide to the finance and support available to SMEs in Cornwall.
A description of PFI and PF2 with a short Case Study on leading PFI company Inishfree and it's involvement with Bart's Hospital and Norwich & Norfolk Foundation Trust. Feel free to download and use for your own purposes. You can view the video version on YouTube: www.youtube.com/watch?v=YSzejDVdCzw&t=8s
This document provides an overview of public sector enterprises and privatization in India. It defines public sector enterprises as those that are majority owned and controlled by the government. The objectives of public sector enterprises are outlined, including promoting economic growth and development. The growth of public sector enterprises over various Five-Year Plans is shown in a table. The roles played by public sector enterprises in the economy, such as contributing to the national income and employment, are also described. Reasons for poor performance of public sector enterprises and reforms initiated are discussed. The document concludes with explaining different forms of privatization and the regulatory framework for key infrastructure sectors like insurance, power, and telecommunications in India.
Need for privatisation of public sector undertakingsNikhil Das
The document discusses public sector enterprises (PSEs) in India. It notes that while there were only 5 PSEs with Rs. 29 crore investment at the time of the First Five Year Plan, by 2011 there were 248 PSEs with Rs. 6,66,848 crore investment. The document provides statistics on the growth and performance of PSEs in recent years, including increased turnover, foreign exchange earnings, and aggregate profits of profitable PSEs. It also lists some of the largest profitable and loss-making PSEs.
Ireland needs to improve its competitiveness in key areas to continue prospering after the recession. The key elements that must be addressed are: reducing the cost of doing business through lower taxes and costs, maintaining macroeconomic stability and increasing public investment, developing skills and enterprise, and improving access to finance. Specifically, Ireland must make labor costs more competitive by reviewing taxes and social welfare, lower high energy costs, increase the supply of affordable housing and commercial properties, broaden its tax base, maintain a low corporate tax rate, and increase targeted public infrastructure investment.
The document discusses key elements needed for Ireland to regain competitiveness, including reducing costs of doing business, maintaining macroeconomic stability and public investment, developing skills and the enterprise base, and improving access to finance. It analyzes specific areas within each element that need to be addressed, such as labor costs, energy costs, property costs, broadening the tax base, increasing public investment, developing skills training programs, supporting entrepreneurship, and improving access to bank and non-bank financing. Regaining competitiveness is vital for Ireland's economic growth and job creation.
The document discusses the privatization of Royal Mail in the UK and the failure of privatizing sewerage services in Malaysia. It provides background on Royal Mail, the reasons for its privatization, and the process undertaken. It also discusses controversies around the privatization and outcomes post-privatization. Regarding sewerage services in Malaysia, the document outlines how privatization led to public outcry over increased charges and a lack of improvements, resulting in the government de-privatizing the services.
Copy of presentation from Finance in Cornwall 2011 hosted by Winter Rule on 19 May 2011. This seminar provides a quickstep guide to the finance and support available to SMEs in Cornwall.
A description of PFI and PF2 with a short Case Study on leading PFI company Inishfree and it's involvement with Bart's Hospital and Norwich & Norfolk Foundation Trust. Feel free to download and use for your own purposes. You can view the video version on YouTube: www.youtube.com/watch?v=YSzejDVdCzw&t=8s
This document provides an overview of public sector enterprises and privatization in India. It defines public sector enterprises as those that are majority owned and controlled by the government. The objectives of public sector enterprises are outlined, including promoting economic growth and development. The growth of public sector enterprises over various Five-Year Plans is shown in a table. The roles played by public sector enterprises in the economy, such as contributing to the national income and employment, are also described. Reasons for poor performance of public sector enterprises and reforms initiated are discussed. The document concludes with explaining different forms of privatization and the regulatory framework for key infrastructure sectors like insurance, power, and telecommunications in India.
Need for privatisation of public sector undertakingsNikhil Das
The document discusses public sector enterprises (PSEs) in India. It notes that while there were only 5 PSEs with Rs. 29 crore investment at the time of the First Five Year Plan, by 2011 there were 248 PSEs with Rs. 6,66,848 crore investment. The document provides statistics on the growth and performance of PSEs in recent years, including increased turnover, foreign exchange earnings, and aggregate profits of profitable PSEs. It also lists some of the largest profitable and loss-making PSEs.
Brought to you by Fideso Tax & Law Marbella. Spain is to launch a set of new rules to facilitate the creation of new companies and provide a comprehensive response to the self-employed and SMEs.
The government stressed that this is a key reform for economic reactivation and job creation.
http://fideso.com/tax-advice/
Privatization has been ongoing in India since the early 1990s across multiple sectors. The document discusses privatization that has occurred and is planned in the coal, telecom, airport, energy and banking industries. Recent moves by Prime Minister Modi's government include allowing private companies to mine and sell coal, overhauling labor laws to reduce red tape for businesses, and planning to sell stakes in public sector companies to meet increased disinvestment targets and improve efficiency. However, fully privatizing some major industries like coal remains uncertain.
Privatization involves selling nationalized industries and parts of the public sector to private businesses and individuals, transferring ownership from public to private. The document outlines several objectives of privatizing banks: 1) To improve performance by incentivizing private owners to work for profit and increase efficiency. 2) To promote competition as private owners work to increase deposit rates and profits. 3) To reduce the burden on government by having the private sector own and run financial institutions while government sets rules.
This document discusses privatization and deregulation in Pakistan. It defines privatization as transferring ownership from public to private sector. Deregulation removes government rules in markets. Pakistan has pursued three phases of privatization since the 1960s to improve efficiency and reduce losses. Over $9 billion has been generated from 167 transactions privatizing industries like fertilizer, cement, and banks. The document also discusses potential privatization of KESC, OGDCL, and PPL. It outlines advantages like increased competition and disadvantages like risk of private monopolies forming from deregulation.
The document discusses the history and development of the information technology (IT) industry in India. It notes that the opening of the Indian economy in the 1990s allowed the domestic IT industry to grow and compete with foreign giants like IBM. It traces the emergence of IT outsourcing and business process outsourcing (BPO) during this period. The role of the government in developing IT is also examined, along with trends in the growing BPO sector and problems faced by the IT industry like stifling innovation. The document argues that privatization is necessary to improve the performance of industries compared to government-run organizations.
The document discusses privatization in India. It defines privatization as the process of private sector participation in ownership and management of public sector entities. It outlines two main methods of privatization: sale of the entire entity to private owners, and initial public offerings to reduce government stakes. The advantages listed are better services, use of new technology, infrastructure development, and allowing the government to focus on social issues. Disadvantages include prioritizing profitable industries over necessary ones. The document argues that further privatization is needed in India given large losses by public sector units.
Privatization of Public Services in the PhilippinesRegi Jan Vilches
The document discusses privatization of public services in the Philippines. It begins by defining public enterprises and noting that the 1973 constitution allows the state to establish industries and transfer utilities to public ownership. Privatization occurs when a government agency providing public services is converted to private ownership. Privatization can take the form of asset divesture, contracting out services, franchises, or public-private partnerships. The schemes of privatization include build-operate-transfer, rehabilitate-operate-transfer, and build-transfer-operate models. Reasons for privatization include reducing government involvement in commercial activities, increasing efficiency, providing competition, and addressing limited government capacity. Major privatized enterprises in the Philippines include PLDT, MW
Kajang Municipality intends to redevelop a stadium into an Innovative Research Park but lacks funding. Privatization is proposed as a viable solution. Under privatization, private companies would take over operations through various models like outsourcing, design-build-operate, or public-private partnerships. The government remains responsible for oversight and integration with public transport. Private operators benefit from reduced political interference and increased efficiency, while generating jobs and investment. However, privatization may prioritize profits over public services, increase inequality, and result in job losses.
This document discusses different types of business undertakings in India, including public sector enterprises. It describes the characteristics and forms of public sector enterprises, which include departmental undertakings, public corporations, and government companies. The roles, merits and demerits of each form are summarized. Additionally, the document discusses the changing role of public sector enterprises in India with economic reforms and the need to reform loss-making public sector units.
The Union Budget 2013-14 document outlines several measures aimed at supporting small and medium enterprises (SMEs) including continued benefits for SMEs that grow, increased refinancing capacity for SIDBI, and setting up of a credit guarantee fund. It also details changes in customs duties and excise duties for various industries like textiles, leather, and automobiles. The director general of CII welcomed the growth and investment oriented budget that focuses on inclusive development and initiatives in critical sectors.
This document provides an overview of privatization in Pakistan. It discusses three generations of privatization that have occurred since the 1960s, with the objectives of strengthening the private sector, improving state-owned enterprise efficiency, and reducing subsidies. More than 165 transactions have generated over $9 billion in proceeds. The Privatization Commission oversees the process of evaluating, restructuring and selling state assets to private investors. Several sectors have been fully or partially privatized, including banking, fertilizers, cement and automobiles. Challenges remain around regulatory frameworks, financial crises, and managing public interests for certain industries. The document recommends maintaining transparency and public awareness to help further privatization efforts.
Privatization can provide greater efficiency and effectiveness through competition, reveal the true costs of publicly provided services, and promote technological advancement. It can also develop capital markets, broaden wealth distribution through widespread ownership, curb inflation, raise revenues for the government, and eliminate hidden unemployment by reducing the power of public sector unions.
Privatization involves transferring public sectors or enterprises to private ownership through various methods like selling state-owned enterprises, issuing shares, or contracting government services to private firms. Tanzania implemented wide-scale privatization of its parastatal organizations beginning in 1995, selling 219 state-owned enterprises. Privatization aimed to improve economic efficiency, reduce the government's financial burden, and stimulate private sector growth by mobilizing domestic and foreign investors. However, critics argue it has also increased unemployment, income inequality, and the potential for private monopolies in Tanzania.
This document discusses public-private partnerships (PPP) in agriculture in Vietnam. It provides an overview of Vietnam's legal and policy framework for PPPs, the concepts and principles behind PPPs, examples of PPP and public-private collaboration projects in Vietnam's agriculture sector, and some of the main issues and opportunities regarding implementing PPPs in agriculture. Key challenges include Vietnam's complicated legal system, the difficulty of agriculture projects, and firms hesitating to invest in agriculture. The document recommends promoting new legal documents and guidelines, developing a list of priority PPP agriculture projects, and implementing supportive policies to increase the attractiveness of PPPs in Vietnam's agriculture sector.
This document discusses rationalization of subsidies in India. It defines subsidies as the difference between the cost of delivering public goods and services and the revenue generated. Subsidies in India can be classified into economic subsidies, like those for agriculture, power, and industry, and social subsidies for education, health, water, and housing. The document notes that a majority of subsidies go to wealthier groups and proposes steps to reform subsidies, including reviewing each subsidy's utility and introducing automatic price increases to reduce costs.
Industrial Strategy: update of summary slides August 2013bisgovuk
Updated summary slides on the Government's rationale behind and approach to Industrial Strategy. Includes progress update on sector and technology strands.
1. The Grant for Business Investment (GBI) provides financial assistance for capital investment projects in manufacturing that increase productivity, skills, and employment in UK regions.
2. GBI is administered by Regional Development Agencies and offers grants averaging 10-20% of project costs, with priority given to projects in sectors like advanced manufacturing, biomedical, and creative industries.
3. To qualify for GBI, projects must demonstrate a need for funding assistance, create new jobs, and show how the business will become self-sustaining after the grant is received.
The Finance Minister read out the longest ever budget speech. By the end of it she was too exhausted to even complete the speech. This pretty much explains the state of affairs.
Like a caged canary aspiring to fly in the blue sky, the finance minister very enthusiastically read out the vision for new modern India. However, after two hours of aspirational efforts, it was evidently clear that she does not have enough strength to break the shackles and release herself. In the end, she was settled in the cage, totally exhausted and her wings ruffled.
The positive take away from the budget statement is that the aspirations are really high and the vision of new modern India very clear. The government for the first time made an unambiguous admission that the way forward is a progressive socio-economic structure that is egalitarian but encourages and supports private enterprise. It is a major achievement to officially abandon the socialist legacy that focused on curbing demand rather than enhancing supply and hindered the seamless integration of Indian economy in the global economy.
This document presents a fantasy budget proposal from a student team at Galway-Mayo Institute of Technology. It proposes several reforms to encourage growth and stability, including regulating rent increases through a rent index, offering tax credits to encourage foreign direct investment outside Dublin, reforming commercial tax rates based on businesses' ability to pay, and introducing a food hygiene rating scheme. The proposals aim to provide stability for tenants, encourage regional development, support small and medium enterprises, and ensure food safety standards.
We offer a unique devolution deal between Government
and the two Combined Authorities of the D2N2 LEP area.
The first deal in a two-tier area with significant physical,
social and geographic challenges. This deal represents a
nationally scalable model of sustained economic growth
in partnership with cities, counties and districts.
Using the two Combined Authorities as the platform for
strong cohesive delivery, we are resolute in ensuring that our
devolution ambitions drive sustainable economic growth
across the D2N2 LEP area. Detailed in this prospectus is our
approach of robust local collaboration and firm commitment
to work in partnership with Government. Our key proposals
that demonstrate this ambition are to establish:
1. A Free Trade Zone in association with East Midlands
Airport. We will work with Government to develop a
fully costed business case, and define its form, location
and development
2. An Investment Fund to maximise market success
through the finance required to develop infrastructure
and help business to grow
3. London Style Transport Powers for bus franchising to
better manage and rebalance the network, the devolution
of traffic management powers to allow more efficient
operation of local roads and direct influence over the
management and programming of enhancements to the
motorway and trunk road network.
Through this Devolution Prospectus, D2N2 makes the
offer to Government to:
• Provide a model of two-tier devolution that is scalable
nationally;
• Make resources and funding go further that will
demonstrate real value for money;
• Enable Government to talk to us as two Combined
Authorities;
• Increase competitiveness for UK businesses in terms
of trading on a global scale;
• Help create the 55,000 new private sector jobs
committed to in our Strategic Economic Plan;
• Develop a Further Education approach in the two areas
that is focused on business need now and in the future;
• Ensure more of our population become economically
active, reducing NEET levels, unemployment and the
welfare burden;
• Deliver a collective approach with developers to bring
forward sites that are exclusively or predominantly
employment-related, including the reclaiming of
contaminated sites;
• Coordinate local responses through our two Combined
Authorities to key national infrastructure decisions such
as HS2 and trunk road programmes;
• Deliver a detailed programme of strategic infrastructure
improvement through the Midlands Connect process;
• Develop an international exemplar through a Smart
Commission taking our traditional connectivity
strengths into a new age;
• Develop an advanced energy strategy that secures the
long-term security and affordability of supply and
development of the low-carbon sector.
This document outlines Fine Gael's plan to rebuild the Irish economy and create jobs between 2011-2016. The plan aims to generate 100,000 new jobs over 5 years by prioritizing jobs and competitiveness. Key elements of the plan include protecting investment and making tax rates competitive; helping Irish businesses grow their markets through new programs; reforming welfare to link it to re-entry to work; reducing costs, red tape, and bad regulations; and establishing a new department focused on jobs and economic planning. The overarching goal is to restore confidence and growth in the Irish economy through these various initiatives.
Brought to you by Fideso Tax & Law Marbella. Spain is to launch a set of new rules to facilitate the creation of new companies and provide a comprehensive response to the self-employed and SMEs.
The government stressed that this is a key reform for economic reactivation and job creation.
http://fideso.com/tax-advice/
Privatization has been ongoing in India since the early 1990s across multiple sectors. The document discusses privatization that has occurred and is planned in the coal, telecom, airport, energy and banking industries. Recent moves by Prime Minister Modi's government include allowing private companies to mine and sell coal, overhauling labor laws to reduce red tape for businesses, and planning to sell stakes in public sector companies to meet increased disinvestment targets and improve efficiency. However, fully privatizing some major industries like coal remains uncertain.
Privatization involves selling nationalized industries and parts of the public sector to private businesses and individuals, transferring ownership from public to private. The document outlines several objectives of privatizing banks: 1) To improve performance by incentivizing private owners to work for profit and increase efficiency. 2) To promote competition as private owners work to increase deposit rates and profits. 3) To reduce the burden on government by having the private sector own and run financial institutions while government sets rules.
This document discusses privatization and deregulation in Pakistan. It defines privatization as transferring ownership from public to private sector. Deregulation removes government rules in markets. Pakistan has pursued three phases of privatization since the 1960s to improve efficiency and reduce losses. Over $9 billion has been generated from 167 transactions privatizing industries like fertilizer, cement, and banks. The document also discusses potential privatization of KESC, OGDCL, and PPL. It outlines advantages like increased competition and disadvantages like risk of private monopolies forming from deregulation.
The document discusses the history and development of the information technology (IT) industry in India. It notes that the opening of the Indian economy in the 1990s allowed the domestic IT industry to grow and compete with foreign giants like IBM. It traces the emergence of IT outsourcing and business process outsourcing (BPO) during this period. The role of the government in developing IT is also examined, along with trends in the growing BPO sector and problems faced by the IT industry like stifling innovation. The document argues that privatization is necessary to improve the performance of industries compared to government-run organizations.
The document discusses privatization in India. It defines privatization as the process of private sector participation in ownership and management of public sector entities. It outlines two main methods of privatization: sale of the entire entity to private owners, and initial public offerings to reduce government stakes. The advantages listed are better services, use of new technology, infrastructure development, and allowing the government to focus on social issues. Disadvantages include prioritizing profitable industries over necessary ones. The document argues that further privatization is needed in India given large losses by public sector units.
Privatization of Public Services in the PhilippinesRegi Jan Vilches
The document discusses privatization of public services in the Philippines. It begins by defining public enterprises and noting that the 1973 constitution allows the state to establish industries and transfer utilities to public ownership. Privatization occurs when a government agency providing public services is converted to private ownership. Privatization can take the form of asset divesture, contracting out services, franchises, or public-private partnerships. The schemes of privatization include build-operate-transfer, rehabilitate-operate-transfer, and build-transfer-operate models. Reasons for privatization include reducing government involvement in commercial activities, increasing efficiency, providing competition, and addressing limited government capacity. Major privatized enterprises in the Philippines include PLDT, MW
Kajang Municipality intends to redevelop a stadium into an Innovative Research Park but lacks funding. Privatization is proposed as a viable solution. Under privatization, private companies would take over operations through various models like outsourcing, design-build-operate, or public-private partnerships. The government remains responsible for oversight and integration with public transport. Private operators benefit from reduced political interference and increased efficiency, while generating jobs and investment. However, privatization may prioritize profits over public services, increase inequality, and result in job losses.
This document discusses different types of business undertakings in India, including public sector enterprises. It describes the characteristics and forms of public sector enterprises, which include departmental undertakings, public corporations, and government companies. The roles, merits and demerits of each form are summarized. Additionally, the document discusses the changing role of public sector enterprises in India with economic reforms and the need to reform loss-making public sector units.
The Union Budget 2013-14 document outlines several measures aimed at supporting small and medium enterprises (SMEs) including continued benefits for SMEs that grow, increased refinancing capacity for SIDBI, and setting up of a credit guarantee fund. It also details changes in customs duties and excise duties for various industries like textiles, leather, and automobiles. The director general of CII welcomed the growth and investment oriented budget that focuses on inclusive development and initiatives in critical sectors.
This document provides an overview of privatization in Pakistan. It discusses three generations of privatization that have occurred since the 1960s, with the objectives of strengthening the private sector, improving state-owned enterprise efficiency, and reducing subsidies. More than 165 transactions have generated over $9 billion in proceeds. The Privatization Commission oversees the process of evaluating, restructuring and selling state assets to private investors. Several sectors have been fully or partially privatized, including banking, fertilizers, cement and automobiles. Challenges remain around regulatory frameworks, financial crises, and managing public interests for certain industries. The document recommends maintaining transparency and public awareness to help further privatization efforts.
Privatization can provide greater efficiency and effectiveness through competition, reveal the true costs of publicly provided services, and promote technological advancement. It can also develop capital markets, broaden wealth distribution through widespread ownership, curb inflation, raise revenues for the government, and eliminate hidden unemployment by reducing the power of public sector unions.
Privatization involves transferring public sectors or enterprises to private ownership through various methods like selling state-owned enterprises, issuing shares, or contracting government services to private firms. Tanzania implemented wide-scale privatization of its parastatal organizations beginning in 1995, selling 219 state-owned enterprises. Privatization aimed to improve economic efficiency, reduce the government's financial burden, and stimulate private sector growth by mobilizing domestic and foreign investors. However, critics argue it has also increased unemployment, income inequality, and the potential for private monopolies in Tanzania.
This document discusses public-private partnerships (PPP) in agriculture in Vietnam. It provides an overview of Vietnam's legal and policy framework for PPPs, the concepts and principles behind PPPs, examples of PPP and public-private collaboration projects in Vietnam's agriculture sector, and some of the main issues and opportunities regarding implementing PPPs in agriculture. Key challenges include Vietnam's complicated legal system, the difficulty of agriculture projects, and firms hesitating to invest in agriculture. The document recommends promoting new legal documents and guidelines, developing a list of priority PPP agriculture projects, and implementing supportive policies to increase the attractiveness of PPPs in Vietnam's agriculture sector.
This document discusses rationalization of subsidies in India. It defines subsidies as the difference between the cost of delivering public goods and services and the revenue generated. Subsidies in India can be classified into economic subsidies, like those for agriculture, power, and industry, and social subsidies for education, health, water, and housing. The document notes that a majority of subsidies go to wealthier groups and proposes steps to reform subsidies, including reviewing each subsidy's utility and introducing automatic price increases to reduce costs.
Industrial Strategy: update of summary slides August 2013bisgovuk
Updated summary slides on the Government's rationale behind and approach to Industrial Strategy. Includes progress update on sector and technology strands.
1. The Grant for Business Investment (GBI) provides financial assistance for capital investment projects in manufacturing that increase productivity, skills, and employment in UK regions.
2. GBI is administered by Regional Development Agencies and offers grants averaging 10-20% of project costs, with priority given to projects in sectors like advanced manufacturing, biomedical, and creative industries.
3. To qualify for GBI, projects must demonstrate a need for funding assistance, create new jobs, and show how the business will become self-sustaining after the grant is received.
The Finance Minister read out the longest ever budget speech. By the end of it she was too exhausted to even complete the speech. This pretty much explains the state of affairs.
Like a caged canary aspiring to fly in the blue sky, the finance minister very enthusiastically read out the vision for new modern India. However, after two hours of aspirational efforts, it was evidently clear that she does not have enough strength to break the shackles and release herself. In the end, she was settled in the cage, totally exhausted and her wings ruffled.
The positive take away from the budget statement is that the aspirations are really high and the vision of new modern India very clear. The government for the first time made an unambiguous admission that the way forward is a progressive socio-economic structure that is egalitarian but encourages and supports private enterprise. It is a major achievement to officially abandon the socialist legacy that focused on curbing demand rather than enhancing supply and hindered the seamless integration of Indian economy in the global economy.
This document presents a fantasy budget proposal from a student team at Galway-Mayo Institute of Technology. It proposes several reforms to encourage growth and stability, including regulating rent increases through a rent index, offering tax credits to encourage foreign direct investment outside Dublin, reforming commercial tax rates based on businesses' ability to pay, and introducing a food hygiene rating scheme. The proposals aim to provide stability for tenants, encourage regional development, support small and medium enterprises, and ensure food safety standards.
We offer a unique devolution deal between Government
and the two Combined Authorities of the D2N2 LEP area.
The first deal in a two-tier area with significant physical,
social and geographic challenges. This deal represents a
nationally scalable model of sustained economic growth
in partnership with cities, counties and districts.
Using the two Combined Authorities as the platform for
strong cohesive delivery, we are resolute in ensuring that our
devolution ambitions drive sustainable economic growth
across the D2N2 LEP area. Detailed in this prospectus is our
approach of robust local collaboration and firm commitment
to work in partnership with Government. Our key proposals
that demonstrate this ambition are to establish:
1. A Free Trade Zone in association with East Midlands
Airport. We will work with Government to develop a
fully costed business case, and define its form, location
and development
2. An Investment Fund to maximise market success
through the finance required to develop infrastructure
and help business to grow
3. London Style Transport Powers for bus franchising to
better manage and rebalance the network, the devolution
of traffic management powers to allow more efficient
operation of local roads and direct influence over the
management and programming of enhancements to the
motorway and trunk road network.
Through this Devolution Prospectus, D2N2 makes the
offer to Government to:
• Provide a model of two-tier devolution that is scalable
nationally;
• Make resources and funding go further that will
demonstrate real value for money;
• Enable Government to talk to us as two Combined
Authorities;
• Increase competitiveness for UK businesses in terms
of trading on a global scale;
• Help create the 55,000 new private sector jobs
committed to in our Strategic Economic Plan;
• Develop a Further Education approach in the two areas
that is focused on business need now and in the future;
• Ensure more of our population become economically
active, reducing NEET levels, unemployment and the
welfare burden;
• Deliver a collective approach with developers to bring
forward sites that are exclusively or predominantly
employment-related, including the reclaiming of
contaminated sites;
• Coordinate local responses through our two Combined
Authorities to key national infrastructure decisions such
as HS2 and trunk road programmes;
• Deliver a detailed programme of strategic infrastructure
improvement through the Midlands Connect process;
• Develop an international exemplar through a Smart
Commission taking our traditional connectivity
strengths into a new age;
• Develop an advanced energy strategy that secures the
long-term security and affordability of supply and
development of the low-carbon sector.
This document outlines Fine Gael's plan to rebuild the Irish economy and create jobs between 2011-2016. The plan aims to generate 100,000 new jobs over 5 years by prioritizing jobs and competitiveness. Key elements of the plan include protecting investment and making tax rates competitive; helping Irish businesses grow their markets through new programs; reforming welfare to link it to re-entry to work; reducing costs, red tape, and bad regulations; and establishing a new department focused on jobs and economic planning. The overarching goal is to restore confidence and growth in the Irish economy through these various initiatives.
This document provides a summary of the ERC State of Small Business Britain Conference in 2019. It includes summaries of multiple presentations and sessions at the conference on topics related to small businesses in Britain, including:
- An overview of the state of small businesses based on recent statistics showing declining confidence, entrepreneurial activity, and business profitability.
- A discussion of the UK government's industrial strategy and sector deals to increase productivity in key industries like life sciences, automotive, and construction.
- Presentations on unlocking growth in the creative sector, the challenges facing an automotive SME after 11 years in business, and the future prospects for small businesses in the automotive industry in light of trends in the UK
This document contains summaries of presentations given by Dr. Nigel Wilson, the CEO of Legal & General Group. It discusses the success of the UK's auto-enrollment pension system and proposes next steps to improve it. It also outlines Legal & General's investments in areas like housing, infrastructure, and healthcare and argues these investments provide long-term returns while creating social benefits. Finally, it proposes expanding auto-enrollment to include income protection insurance in order to provide greater financial security.
Financing-Growth - take a step to the right.Henry Tapper
Labour's plan outlines a vision for the UK's financial services sector based on six priorities:
1. Deliver inclusive growth across UK regions by expanding regional financial centres and unlocking potential of mutuals.
2. Enhance international competitiveness through a more innovation-focused regulatory approach and collaboration with the EU.
3. Reinforce consumer protection and inclusion through initiatives like longer mortgages and financial education.
4. Lead in sustainable finance by making the UK a global hub for green finance and supporting decarbonization.
5. Embrace fintech innovation in areas like AI, open banking, and digital currencies.
6. Reinvigorate capital markets through pension reforms, increasing investment capital
This document brings together a set of latest data points and publicly available information relevant for Utilities Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
A collation of online information sources summarising the supports for business in Ireland arising from the COVID 19 crisis. The corona virus is having a huge impact on enterprise both large business and sole traders across all sectors. This presentation provides a quick summary as of 16th March 2020 (4 days afer school closure) of applicable supports.
Bauhaus Capital Partners is an investment advisory firm that provides services for renewable energy projects in Europe. They assist both private and institutional investors as well as engineering firms. Bauhaus typically works on projects and companies valued between 10-100 million euros, providing services such as investment sales advisory, raising debt and equity financing, and strategic consultancy. Their approach involves thorough due diligence and structuring deals to maximize value for clients.
The document summarizes Invest Northern Ireland's use of ERDF funding to support equity funds that address the funding gap for high-growth SMEs in Northern Ireland. An ex ante assessment recommended allocating £96.5m in ERDF funding plus £91.7m in public and private matches to support four types of equity funds totaling £187.6m through 2023. In the first full year of operations, the funds supported over 200 deals, providing over £33m to companies. The document provides details on the individual funds.
These are the slides that accompanied the Q2 2022 Quarterly Investment Briefing for the South West on 23rd June. The event included a discussion of the equity investment fund history in the South West and a panel discussion with British Business Bank, QantX, and Newable. Briony Phillips, Rocketmakers also shared an update on the region and information about 12 companies that are currently raising investment - you can find them on slides 16-18.
The Federal Budget 2014 will affect different sectors differently. This article explores the changes ahead, the pros and cons, and how to make the most of the opportunities that the changes represent.
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1. Presentation from Hardware Association Ireland (HAI) to
Joint Committee on Jobs, Enterprise and Innovation
Attending:
Annemarie Harte, Chief Executive Hardware Association Ireland
Alex Taylor, Sales Director Uppercross Enterprises Ltd
Jim Copeland, Head of Member Relations Hardware Association Ireland
Subject:
Policy options to support business growth and job creation and retention in town and village
centres.
Introduction
Hardware Association Ireland (HAI) is the national representative body for hardware, builders’
merchants, DIY, homewares, garden and agricultural suppliers, at retail, wholesale and
manufacturing level. From family run businesses to publicly quoted companies, HAI’s 300+ members
serve their local communities competitively, representing and employing over 20,000 people
throughout the country. HAI is a truly representative body, monitoring the interests of independent
retailers with single outlets as well as larger national retailers with outlets nationwide.
Our sector has been particularly badly affected by the downturn given the direct consequences of
the collapse in both the construction and retail markets. HAI members, both suppliers and hardware
merchants, continue to face huge challenges and difficulties. Increased taxes and ever increasing
business costs applying to the domestic economy have hoovered out any disposable income from
consumers.
Our members are making every effort to provide consumers with the best value products and
services. However, the market is still struggling as is evidenced by the latest HAI members' survey
conducted in June 2014 by Behaviour and Attitudes, which indicates overall business activity is the
same or lower than the previous 12 month period for half of hardware merchants.
All the indications continue to suggest that the market remains most challenging for firms in rural
Ireland and any uptake in business activity is focused primarily in the Dublin/Leinster region.
Our policy proposals to support growth in town and village centres fundamentally seek to address
this imbalance. Being in a niche sector means we are closer than most representative organisations
to our members concerns and needs.
We call for and support the following policy proposals:
1. Rural Investment
In recent months there have been two strategy documents published which are to be welcomed.
They are the CEDRA report ‘Energising Ireland’s Rural Economy’ published in April by The
Commission for the Economic Development of Rural Areas and the Government’s ‘Construction
2020 Strategy’ for Ireland published in May.
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2. a) Implementation of CEDRA report
The CEDRA Report has over 30 excellent recommendations which would energise social and
economic life in rural Ireland. A number of the recommendations made in this study could be
implemented immediately without any significant cost to the State.
For example:
• Recommendation 8 - State agencies to strengthen their collaboration to bring small
and niche FDI to rural areas.
• Recommendation 5 - the facilitation of Rural Economic Development Zones (REDZs).
• Recommendation 14 - the introduction of a funding mechanism, either stand alone
or in partnership with other finance instruments, to incentivise and support the
early stage development of social enterprises.
Allied to the need to energise rural economic conditions is the need to stimulate consumer spending
with the inevitable benefit of increasing employment, particularly among SMEs. In rural Ireland,
outside the five main cities 92% of economic activity is generated by SMEs.
b) Implementation of Construction 2020 Strategy
Construction 2020 contains 75 specific actions and while it is welcome it will take some time for any
benefits to accrue. The change proposed in the strategy for the National Pension Reserve Fund
(NPRF) to become the Ireland Strategic Investment Fund (ISIF) and have the ability to invest in
commercial activities is one very welcome proposal.
Both of these strategy documents are welcomed by HAI because they deal with two of the
fundamental policy needs that impact on the business of our members. They are the need to
rebalance economic activity with a greater focus on towns and villages in rural Ireland and
stimulating the building/construction industry.
2. Construction / Building Stimulation
a) Home Renovation Incentive (HRI) scheme
Extend the scheme beyond 2015. The scheme has taken some time to be recognised by
homeowners and building contractors. The latest Revenue information, as of 15th
September, is that
the value of the works registered to date is €171 million, with an average job value of €16,500.
HAI believes that this scheme has increased employment levels among builders and helped maintain
employment in the hardware sector. However, the bulk of the work registered for the scheme to
date is focused in the Dublin/Leinster area (77%). HAI believes that an extension of the scheme
would allow time for it to be better promoted in more rural areas.
The Revenue has stated that it is considering ways of promoting the scheme and we, as an
association, are prepared to assist in that promotion as our members are a key point of contact with
consumers and builders requiring building material and household goods. We could combine
promotion of the scheme with a drive to support the local independent merchant whilst this in no
way disenfranchises our wider membership, a buoyant local economy in towns and villages will help
the overall sector to recover more quickly and will support local job creation.
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3. b) Help to Buy
We understand that the Government has requested the Department of Finance to consider a
Mortgage Insurance Scheme based in part on the Help-to-Buy scheme in the UK, which has been a
success, in particular outside London.
Outside the M25, the Help-to-Buy scheme has resuscitated new building, especially for first time
buyers. Our proposal is that help-to-buy should be thought of in terms of help-to-build also. The
availability and accessibility of appropriately zoned land to meet current demand is vital. Unlike the
UK where the threshold is £600,000, we would recommend that the threshold for an Irish scheme
should be lower to focus first on the family-type home in areas of need and disadvantage. Nowhere
has the collapse in the construction market been more obvious than on the fringes of towns and
villages. Adoption of such a scheme will support housing regeneration and will stimulate commercial
activity in town centres.
c) Credit Guarantee Schemes
Obtaining working capital through credit or loan facilities is currently a major problem for small
builders and SMEs in the building construction industry. In an effort to alleviate this problem in the
UK there is currently a pilot scheme in operation whereby trade customers can apply for a credit
account in builders merchants of up to £25,000 underwritten by the Government.
Many small businesses struggle to secure credit due to lack of security or adequate credit history
and would only have been eligible for a fraction of this amount. That made it more difficult for them
to take on projects due to being unable to afford the upfront cost of the materials.
The pilot scheme is being backed by the UK Government with a multi-million pound fund in order to
stimulate viable small and sole trader construction businesses and in an effort to provide
alternatives to bank lending.
We understand that there is an ongoing review of the Credit Guarantee Scheme and we would
recommend this proposal as part of that review.
3. Support local entrepreneurship
a) Expand and promote Microenterprise Loan Fund Scheme
The existing Microenterprise loan fund scheme, which was introduced in October 2012, originally
intended to provide over €90m in extra lending to 5,500 businesses and create an estimated 7,700
jobs over a ten year period, needs to be revamped.
The latest report up to 31st
March 2014, after a year and a half in operation, shows that only €3m in
loans have been approved and 437 jobs (net) created in 192 businesses. Only 51% of applications
were approved and 83% of the approvals were for businesses employing three people or less. These
figures are so far off the original target that it is clear a revamp is required.
The current eligibility thresholds for micro businesses are that they have been declined bank credit,
employ less than 10 people and have turnover less than €2m. These should be changed to include
those companies employing up to 20 employees with a turnover of up to €5m.
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4. The loans available of between €2,000 and €25,000 are welcome, but must be promoted and made
available to all companies within retail, especially in our hardware, building material, DIY sector
where the economic downturn has been most evident.
Local Enterprise Offices must work in partnership with Micro Finance Ireland to proactively assist
with training and guidance in preparing the applicant’s business plan. This includes initial evaluation
of the quality of the business proposal for the loan application, mentoring and advice on an on-going
basis.
3. Social policy reform
a) Introduce voucher system for winter fuel allowance
We urge the introduction of a fuel voucher system where those who currently receive a winter fuel
allowance, would have to use a dedicated fuel voucher/smart card to purchase a fuel product only,
from registered and tax compliant retail fuel outlets.
Currently the allowance is paid by way of a cash top up on the recipients’ current payment, which
can be spent on anything, not exclusively solid fuel, and from any source of supply without any
traceability or recovery for the State. The Department of Social Protection says that a total of
410,000 people currently claim €20 in fuel allowance per week, including those in receipt of social
welfare and HSE payments. The allowance costs the State €211m per year. The fuel allowance is paid
for 26 weeks from October to April.
A fuel voucher system scheme would allow the Government to recoup some of this €211m back
through legitimate outlets tax returns; ensure that the money was spent with legitimate suppliers
and not those operating in the shadow economy and ensure that the payment was fully used to help
in reducing fuel poverty. This could again be combined with a ‘support your local independent
merchant’ campaign driving much needed support to the local retailer.
a) Incentivise jobseekers to take up temporary seasonal positions
We propose a revamp of the social welfare conditions to incentivise job seekers to apply for
seasonal temporary employment positions. The situation whereby temporary seasonal positions are
not taken up by the unemployed due to the fact that it could take a number of weeks to re-register
on the live register is archaic. The hardware, building materials, DIY industry can create thousands of
part-time positions at peak trading periods including Summer and Christmas. We see this as another
boost to job creation at local level.
Conclusion
Despite huge job losses over the past 6 years, the retail sector continues to play a significant role in
the Irish economy. It accounts for approximately 10% of GDP (approx. €16bn) and together with the
wholesale sector, is still the largest private sector industry employer with over 270,000 employed. It
is a sector represented in every city, town and village in the country (c. 15% of the workforce).
(Retail Consultation Forum June 2014)
HAI members both suppliers and merchants, are directly affected by weaknesses in construction
activity, as well as by continued weakness in consumer demand generally. So as to ensure an
equitable spread of the green shoots we have heard of over the last couple of months in consumer
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5. confidence and increase in commercial activity we need to target our local town centres and villages
with a proactive and realistic approach. We hope our suggestions are both practical and helpful.
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6. confidence and increase in commercial activity we need to target our local town centres and villages
with a proactive and realistic approach. We hope our suggestions are both practical and helpful.
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2014
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