Dáil Éireann Debate, Wednesday - 16 October 2019
149. Deputy Niamh Smyth asked the Minister for Business, Enterprise and Innovation the most recent occasion on which the IDA visited counties Cavan, Monaghan and Meath; the number of new jobs that have been created by the IDA in the past 12 months; the steps it is taking to attract companies to the counties; the success it has had with the strategy for the counties; and if she will make a statement on the matter. [42425/19]
Amharc ar fhreagraAs Minister for Business, Enterprise and Innovation, regional development, not just in the Border area but across Ireland, has been a key priority of mine. That is why my Department and its Agencies have been doing everything we can to increase the level of employment and investment in every county in Ireland. This has included placing a particular emphasis on boosting foreign direct investment (FDI) in regional areas.
In 2018, Monaghan experienced an 8% increase in foreign direct investment (FDI) employment, with 12 jobs added by companies in the County. Similarly, Meath saw a 4.5% increase, with the creation of 67 new jobs. While there were no new FDI-supported jobs created in Cavan in 2018, it is encouraging to note last week's announcement by Liberty Insurance that it will create 120 new roles in the County over the next three years. That expansion is a great vote of confidence in what Cavan and the wider Border region has to offer to multinationals.
With regard to site visits in 2019, data is only yet available for the first six months of this year. Counties Meath and Monaghan each hosted two site visits over that period. County Cavan hosted four site visits over those six months. While the IDA will continue to promote and showcase locations in these Counties to prospective investors, it is important to remember that the decision as to where to invest is always taken by the companies themselves.
My Department and the IDA have taken a number of steps to attract further investment to these Counties. As part of Budget 2019, for example, I allocated an additional €10 million for the next phase of the IDA’s Regional Property Programme (RPP). This includes plans for an Advanced Technology Unit (ATU) at Knockaconny, County Monaghan. I announced the appointment of a design and delivery team for this ATU earlier in 2019 with construction due to commence later this year. These facilities can help to encourage overseas investors to consider regional areas and I am confident that the ATU in Knockaconny, once complete, will lead to further investment and job creation.
In addition to the RPP, the IDA targets further investment for the wider area through its office in the Cavan Innovation and Technology Centre. The Agency has also appointed a new Regional Business Development Manager for the North-East Region. As part of its strategy to promote the area, the IDA is focusing on specific sectors including agri-food, manufacturing, tourism and internationally traded services. The Agency's staff regularly engage with key stakeholders on the ground in Cavan and Monaghan, including with local authorities, public bodies, the education sector and companies from both its own client base but also from the indigenous sector. County Meath, meanwhile, is being actively marketed by the IDA as a location for second sites for multinationals in the Dublin region, with a focus on building clusters in existing sectors like high-value manufacturing and international services.
In addition to the work of the IDA, my Department’s €60 million Regional Enterprise Development Fund (REDF) has supported five projects within the Meath, Cavan and Monaghan area, with a total investment of €8.2 million. These include: the Boyne Valley Food Innovation District in Meath; a food centre of excellence in Ballybay; a networked digital and innovation hub in Cavan (with others located in Leitrim and Longford); an engineering business network across the North East region; and an investment of €4.9 million in a nationally significant bioeconomy innovation centre located in Monaghan.
