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13/10/2021

Skillnet Ireland welcomes investment in talent in Budget 2022 to support SME growth and FDI investment

Skillnet Ireland, the business support agency of the Government of Ireland, has welcomed the focus on talent within Budget 2022 and the Government’s decision to increase its funding allocation for 2022.  

Today’s budget saw the talent agency receive total exchequer funding of €42 million for 2022 through the Department of Further and Higher Education, Research, Innovation and Science. Skillnet Ireland’s exchequer funding will be further leveraged by over €22 million in private sector matched funding, amounting to a total investment of €64 million in talent for enterprise in 2022.  

As the economy continues to recover from recent disruption, talent development remains vital in ensuring businesses are prepared for future challenges, including rapid digitalisation and climate action. Ensuring Ireland has a robust talent pipeline will be instrumental in growing FDI investment in 2022 and beyond. 

Skillnet Ireland has secured additional resources for scaling the vital work we are leading on in the arena of talent for climate action.  Today’s investment will also enable the expansion of programmes in digital transformation, SME leadership development and business innovation. 

 

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