IDA cancels jobs creation scheme set up in slump

Initiative which has spent €2 million and created 500 jobs had originally targeted 5,000 jobs over five years

29th January, 2017
Terry Clune: set up Connect Ireland Picture: Conor McCabe

The IDA has called time on the job creation scheme backed by businessman Terry Clune, which has racked up millions of euro in losses but created just 10 per cent of the 5,000 positions it targeted, according to the IDA.

Clune, the founder of the Taxback Group, set up Connect Ireland to offer financial rewards to individuals who helped attract jobs to Ireland. Figures supplied to this newspaper by the IDA reveal that the Succeed in Ireland...

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