€91m housing investment

Thursday, June 4, 2015

The Minister of State for Housing & Planning, Paudie Coffey TD has announced over €91 million worth of housing investment.

The funding will be used across a range of housing schemes to make more social housing available and to improve housing for people with disabilities, as well as retrofitting homes to improve energy efficiency.

Over 1,000 vacant social housing units will be refurbished and tenanted by people on the social housing waiting list at a cost of over €20 million countrywide. Dublin City and Cork City are receiving the largest allocations, with priority going to families facing homelessness.

Funding was allocated to the local authorities with the greatest potential to deliver units quickly and address needs.

Over 2,300 units were brought on stream last year with an average cost of refurbishment of €11,277.

A further €50.5 million will be made available for Housing Adaptations for Older People and People with a Disability living in private houses.

This will allow extensions to be built for people with a disability as well as housing adaptations to improve mobility aid (such as stair lifts, access ramps etc.) with more funding set to come later in the year. A further €11 million will be made available for local authority house adaptations and extensions to meet the needs of tenants with a disability and to deal with overcrowding.

A further €20 million has been made available for the improvement of local authority houses to make them more energy efficient.

This programme continues to sustain and create jobs while making a significant contribution to Ireland’s carbon emissions reduction targets and energy reduction targets for 2020, resulting in warmer homes and lower energy bills for local authority tenants.

As part of the EU Operational Programme 2014-2020, the energy efficiency works on social housing will attract funding under the ERDF.


3,655 new company startups in May

Wednesday, June 3, 2015

135 new start-ups were registered daily this May while insolvencies continued to fall.

3,653 company and business start-ups were formed between the 1st and 27th May 2015 - an increase of 24% on the same period last year.

Almost 60% of these new businesses were set up by sole traders while a further 1,394 were corporate entities.
Cllr. Kieran Dennison, Cllr Ted Leddy, Cllr. Anthony Lavin at the ITLG conference hosted by Fingal County Council
 The most popular industry for corporate start-ups was the professional services sector which accounted for almost a third of these.

The wholesale & retail and social & personal services sectors accounted for a further 10% and 9% of start-ups respectively while the construction and hospitality sectors saw increases in numbers of 15% and 27% compared to May 2014.

While start-ups increased across the country, insolvencies dropped by 38% compared to May 2014 with 79 companies going out of business (compared to 128 last May).

The construction sector saw a 48% drop while insolvencies affecting the professional services sector fell by 55%.

Courtesy of Solocheck


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