The Government has announced that they expect the allocation of extra funds to city and enterprise boards to create 450 new jobs.
The funding which is expected to amount to €3.3m, will be used to support start-up businesses as well as helping existing firms in creating and protecting jobs.
Today’s annoucement was made by An Taoiseach Brian Cowen and Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, who said the funding will "support new business projects this year and create hundreds of jobs".
"Jobs are the central priority of Government policy and the CEBs create and protect jobs in communities throughout the country," said Cowen.
"The CEBs’ local focus and agile ability to respond quickly to specific business needs are key components in the Government’s overall policy to support entrepreneurship, growth and productivity in the micro-enterprise sector.
"The stimulus measure announced today will support more projects and create new jobs at the frontline of local enterprise in cities, towns and villages across the country," he added.
‘I look forward to supporting viable business projects through the CEBs as a result of the funding,’ said O’Keeffe.
The announcement comes at a time when opposition parties are calling into question the adequacy of funding provided to different enterprise boards across the country.
The money will be paid out before the end of the year will create 450 jobs.