In February 2015 the Government announced the Regional Action Plan for Jobs. This is a five year €250m investment strategy aimed at accelerating the jobs recovery in every part of the country. The plan includes the delivery of a €150m IDA Ireland property investment programme. This programme is designed to attract foreign direct investment (FDI) to the regions by providing an advance supply of suitable property solutions for potential and existing IDA Ireland clients.
Advance facilities were constructed and completed in Letterkenny, Athlone and Waterford in 2014 and early 2015. The builds in Letterkenny and Athlone are now occupied and the Waterford facility was sold in September 2016.
Under the property investment programme, the Agency plans to deliver a further nine facilities in Sligo, Tralee, Castlebar, Galway, Dundalk, Limerick: Athlone (2nd build), Carlow and Waterford (2nd build) by 2019. As part of Budget 2017 I secured a significant increase in IDA Ireland’s capital allocation, which will amount to €137 million next year. This increased funding will allow the Agency to continue to roll out advance facilities as part of its property investment programme. Further details on the status of these facilities can be found in the following table:
IDA Ireland Regional Property Investment Programme Advance Facilities
Action Plan
|
Location
|
Status
|
North East / North West
|
Sligo
|
Under construction
|
West
|
Castlebar
|
Under construction
|
South West
|
Tralee
|
Under construction
|
Mid West
|
Limerick
|
Design Stage
|
North East / North West
|
Dundalk
|
Design Stage
|
West
|
Galway
|
Design Team Appointment
|
Midlands
|
Athlone
|
Design Team Appointed
|
South East
|
Carlow
|
Concept &
Site Selection evaluation ongoing
|
South East
|
Waterford
|
Concept &
Site Selection evaluation ongoing
|