Thursday, 1 September 2011

Short Term Employment Scheme

Business can avail of grant funding for each new position created within their business.

The IREP report stressed the importance of taking action to rebalance the Northern Ireland economy towards more value-added activities over the medium to long term, while recognising the need to provide short-term support for the economy in response to the global downturn.  Therefore, the Government have secured a £19million ring-fenced budget allocation for a range of measures under a Short-Term Employment Scheme (STES), to be administered by Invest Northern Ireland, which will promote 5,000 jobs during the budget cycle. The Scheme is a direct response by the Executive to the economic downturn and recognises the need to take action to alleviate the impact of the recession on the local labour market."

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