Skillnet Ireland to invest €80m in workforce development for businesses in 2026

Skillnet Ireland, the national workforce development agency, will receive a total of €54.2million in Budget 2026 to deliver skills supports to businesses throughout Ireland. Skillnet Ireland’s exchequer funding will be further bolstered by up to €26 million in private sector matched funding, amounting to a total investment of up to €80 million for workforce development within enterprise in 2026.

Speaking after the Budget announcement, Skillnet Ireland Chairperson, Brendan McGinty said:

“This is an important investment in workforce development by Government as part of its support for Ireland’s businesses. Skillnet Ireland, which is industry-led, continues to face growing and unprecedented demand for support by Irish enterprises in addressing their workforce development challenges, and we continue to work closely with them to support them in that effort.

These strategic challenges continue to grow in the face of skills priorities, digital adoption, artificial intelligence, the green economy and the pressing need to boost productivity and innovation across all sectors. By working closely with enterprises, particularly SMEs, we will tailor and prioritise available funding supports to deliver impactful upskilling solutions that build resilience, innovation, and competitiveness for businesses across the economy.”

Businesses of all sizes can avail of upskilling programmes and business supports through 70 Skillnet Business Networks and Skillnet National Initiatives. Skillnet Ireland will continue its strategic commitment to meet the talent and workforce development requirements of an increasingly digital future, foster the growth of a low-carbon and sustainable economy and to enhance the competitiveness of Irish businesses.

Mark Jordan, Skillnet Ireland Chief Executive, said: “The world of work continues to evolve at a rapid pace, and the ability of businesses to adapt depends on the skills of their people. As a knowledge-based economy, nurturing our highly skilled workforce is central to our national competitiveness. Skillnet Ireland will continue our work with our partners across government, enterprise, and within the education sector, to address critical skills gaps, and enable employers to fully capitalise on the opportunities presented by technological innovation, digitalisation and the green transition.”