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Sinn Fein's plan to create 156k jobs

Thursday, October 11 14:36:15

Sinn Fein today unveiled what they say is a fully costed plan to create up to 156,000 jobs.

The opposition party said it has identified E13 billion that can be sourced to create jobs, improve competitiveness and increase productivity.

"This would be funded from the National Pension Reserve Fund, European Investment Bank, incentivised investment from the private pension sector and we would end the capital spending cuts of this government," said Sinn Fein spokesperson for Jobs, Enterprise and Innovation Peadar Toibin.

The plan sees 5,000 jobs that could be created by reviving the sugar beet industry in the southeast region with a E350 million investment, and that further jobs could be created by investing in water infrastructure, proceeding with the A5 Donegal to Dublin dual carriageway and completing regeneration projects in Dublin and Limerick.

The plan would be paid for by E5.8 billion in discretionary funding from the National Pension Reserve Fund, E3 billion of incentivised investment from the private pension sector and more than E1.5 billion from the European Investment Bank.

The remainder would be made up by not proceeding with E2.6 billion in cuts to the capital expenditure budget which have already been announced by the Government.

""Our jobs plan will invest in essential infrastructure; help entrepreneurs by removing obstacles to doing business and supporting them to retain and create new jobs; exploit the potential of existing and new state enterprises particularly in broadband rollout, renewable energy and eco-tourism and invest in agri-food and rural communities."