Business group Ibec welcomes Budget spending commitments on infrastructure

In addition to infrastructure spending, the budget will see a €1.5bn package over the next six years comprising both current and capital investment to better fund research, further and higher education, skills and development and decarbonisation

Chief executive of Ibec Danny McCoy said that the business group will be working with the Government to ensure these new policies do not inadvertently drive up costs, unnecessarily placing businesses in a more vulnerable position.

Business representative group Ibec has welcomed investments in infrastructure and human capital announced in the Budget saying it signals a move towards a “sustainable path forward for businesses worried about rising cumulative costs”.

In his budget speech, Finance Minister Jack Chambers announced additional infrastructure measures including €1bn in capital spending to Irish Water, an additional €1.25bn to the Land Development Agency to accelerate the supply of new housing, and €750m in capital spending to further development of our electricity grid infrastructure.