Dáil Éireann Debate, Wednesday - 7 December 2016
282. Deputy Micheál Martin asked the Minister for Jobs, Enterprise and Innovation if she and officials in her Department who are preparing for Brexit have views regarding Ireland's ability to attract foreign direct investment from the United Kingdom following the Brexit referendum result when rents are increasing month on month; and the actions being taken to tackle this issue on a government wide basis. [34868/16]
View answerThere are potential FDI opportunities for Ireland in the context of BREXIT but these are not limited to the UK market.
I have directed IDA Ireland to explore all potential FDI opportunities arising and work is already underway in this regard. To support the IDA in their efforts they will be provided with additional Capital supports for 2017 which will be used to provide grant assistance to FDI companies seeking to expand or to locate here and to support the IDA regional property programme.
In our efforts to win more FDI, we can continue to rely on the selling points that make us attractive for investment in the first place, including of course our continued membership of the European Union and Eurozone.
As part of our offering investors will look for adequate availability of both residential and commercial property. In that context I welcome the commitments in Rebuilding Ireland - the Government’s Action Plan for Housing and Homelessness - regarding the development of a comprehensive strategy for the rental sector which is due to be published before the end of this year.
