Over the next five years there will be a total of €2.2 billion invested in the Education Sector , this averages out at approximately €440 million a year. Below is a five year breakdown of allocations.

2012 2013 2014 2015 2016
430m 415m 475m 475m 415m

Speaking after the announcement Cavan and Monaghan Fine Gael Deputy, Joe O’Reilly TD said ‘The Government is committing an allocation for education of more than €2.2 billion over the next five years. This will allow for the construction of 40 new schools and the provision of 100,000 permanent school places.’

As a result of this investment, 11% of the total school population will benefit from new permanent places between now and 2016. As the priority is to ensure that every child has access to a physical school place, the investment will be concentrated on the delivery of new schools and large scale extensions that will provide the additional school places. This will give a considerable boost to many of the schools, students and parents in Cavan and Monaghan’ explained the Deputy.

‘The Government is still very much committed to the Job Creation Programme and to empowering the Construction Industry. The Construction Industry Council have suggested that there are 10 direct jobs and 2 indirect one for every €1m capital spend. This investment in education will provide approximately 4,000 direct and 800 indirect jobs per annum, or approximately 24,000 jobs over the lifetime of this Government. This will mean good news for construction workers in the Cavan and Monaghan area.

I believe the spending plans outlined today are proof that jobs and education is top of the priority list’ concluded the Deputy.

Senator Joe O'Reilly representing Cavan & Monaghan 2010. | An ExSite website