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Foreign Direct Investment

Dáil Éireann Debate, Thursday - 20 November 2014

Thursday, 20 November 2014

Questions (46)

Bernard Durkan

Question:

46. Deputy Bernard J. Durkan asked the Minister for Jobs, Enterprise and Innovation the number of enterprises through foreign direct investment to have qualified for grant aid in each of the past five years to date; the number of jobs arising therefrom; the number of any such applicants deemed to have failed to qualify for any assistance; and if he will make a statement on the matter. [44740/14]

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Written answers

IDA Ireland has advised me that employment in IDA Ireland companies is measured in the Annual Employment Survey and that grants to support R&D activity and training in companies is not directly correlated to employment trends as recorded in the Annual Employment Survey. The number of people employed in IDA Ireland client companies in each of the last 5 years is set out in the second table.

IDA provides assistance to clients companies under EU state aid regional guidelines. IDA may provide financial assistance to companies wishing to locate in Ireland or expand their existing operation in Ireland. The unique characteristics of any proposed project will determine the incentive package available, in particular its location. IDA evaluates potential projects through a process of negotiation, after which a project is submitted for approval, if suitable.

The number of companies that received grant payments from IDA Ireland in each of the past five years is set out in the first table. 2010 saw a spike in the number of companies due to the introduction of the Employment Subsidy Scheme.

Total Number of Companies and Grants Paid 2009-2013

Year

No of Companies

Grants Paid

2013

338

87,951,000

2012

320

89,275,000

2011

367

96,748,000

2010

728

120,339,00

2009

399

80,862,000

Total Employment in IDA Client Companies 2009-2013

Year

No of Companies

Total Employment in IDA Client Companies

2013

1,153

166,184

2012

1,127

159,144

2011

1,088

152,176

2010

1,083

146,419

2009

1,087

144,843

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