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Foreign Direct Investment

Dáil Éireann Debate, Thursday - 26 March 2015

Thursday, 26 March 2015

Questions (124)

Bernard Durkan

Question:

124. Deputy Bernard J. Durkan asked the Minister for Jobs, Enterprise and Innovation the major considerations of foreign companies contemplating investment here; if skills, services such as information and communications technology, road or rail transport or other considerations are paramount; and if he will make a statement on the matter. [12568/15]

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Written answers

IDA Ireland has informed me that the vast majority of its client feedback shows that one of the key considerations for potential and existing clients when it comes to making investment location decisions is the availability of talent at a competitive price. Other factors which also affect investor decisions include Ireland's relative cost competitiveness, good infrastructure, corporate tax regime and available direct firm level financial supports.

IDA Ireland constantly monitors competitor locations and the value propositions they offer potential mobile investment. Competitor locations differ depending on the sector of the mobile investment. Within Europe, Ireland's FDI performance positions us in absolute terms inside the top ten European locations for investment projects with the UK, Germany and France as the top locations

Ireland's attractiveness as a potential location for inward investment is not reliant solely on my Department. It requires a cross-Governmental effort. Within our first year in office, this Government launched the Action Plan for Jobs to co-ordinate the delivery of job creation policy across all 16 Government Departments to further Ireland's potential and build on current job-creation levels. We are now on our fourth annual plan in a very successful multi -year process and we look forward to continuing the success of previous years.

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