Wednesday, 27 November 2013

Questions (102)

Bernard Durkan

Question:

102. Deputy Bernard J. Durkan asked the Minister for Jobs, Enterprise and Innovation the extent to which foreign direct investment has taken place on an annual basis from 2007 to date; and if he will make a statement on the matter. [51090/13]

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Written answers (Question to Jobs)

Details of employment data relating to FDI performance from the year 2007 and up to 2012 are set out in the attached tabular statements. I am pleased to inform the Deputy that IDA Ireland’s mid-year results, announced in July last, showed that foreign direct investment into Ireland was very strong in the first half of this year. During this period, there was an increased number of investments, with approximately 7,000 associated jobs to be created as companies implement and complete their investment plants. This trend represents a continuation on the strong performance announced by IDA Ireland at the end of 2012, during which year, in excess of 12,000 jobs were created by multinational companies. The 2012 results represented the third consecutive year of growth in net employment in IDA Ireland client companies.

Work in winning new investments has been continuing steadily in the second half of 2013 and, on the basis of the trends so far, I am confident that the targets set out for IDA Ireland in the Action Plan for Jobs 2013, of winning more than 130 new investments, securing €500m in R&D and creating 13,000 jobs in IDA client companies, will be achieved. Among the companies who announced job creation plans or fresh investment plans to date in 2013, were: Ebay, EMC, McAfee, Pfizer, Sanofi, Symantec, Zurich, Huawei, Yahoo, Facebook, Vistakon, Guidewire, Squarespace, Groupon, Qualcomm, Novartis, Nypro, AOL FireEye, and Deutsche Bank.

IDA Ireland is nearing completion of the fourth of its five year Horizon 2020 strategy and the latest results put the organisation ahead of target in meeting its goal of creating 62,000 direct jobs by 2014 from 640 new investments. Over the course of the first three years (2010-2012) IDA has secured 419 investments and has delivered gross job gains of over 36,000.

Table showing data relating to FDI performance from 2007 to 2012

Employment Data

2007

2008

2009

2010

2011

2012

Permanent Employment

140,369

139,457

126,866

126,305

130,867

136,505

Other Jobs

15,939

13,453

11,788

13,976

15,348

16,280

Total Number Employed

156,308

152,910

138,654

140,281

146,215

152,785

Questions Nos. 103 to 106, inclusive, answered with Question No. 100.