Dáil Éireann Debate, Thursday - 18 October 2018
189. Deputy Bernard J. Durkan asked the Minister for Business, Enterprise and Innovation the extent to which all enterprises existing and-or new, FDI or indigenous, continue to be screened to ensure a smooth and unimpeded operation of their enterprise and the elimination of administrative obstacles; and if she will make a statement on the matter. [43043/18]
View answerIreland remains a global leader in attracting foreign direct investment (FDI). While competition from a range of jurisdictions across Europe, Asia and the Americas is increasingly intense, multinational companies continue to invest and re-invest here. Our strengths include our competitiveness, talented and productive workforce, favourable demographics and membership of the European Union. Our pro-enterprise business environment, and track record as a home to FDI, are also key factors. Reinforcing and sustaining these strengths is important to ensuring Ireland's continuing FDI competitiveness.
As reflected in its mid-year results, the IDA has won 139 projects in the first six months of this year – compared with 114 in the first half of 2017. The contribution that these investments make to our wider economy is undoubtedly significant and we are working hard to ensure that the country remains a destination of choice for overseas firms.
However, there is no room for complacency and, as Minister for Business, Enterprise and Innovation, I am very aware of the need to continue to improve the environment for doing business in Ireland and remain vigilant to the very significant challenges in the external environment. My objective is to create the best possible environment for enterprise, entrepreneurship, innovation and investment. IDA Ireland, for its part, builds relationships with investors in order to aid their understanding of Ireland's enterprise environment and provide them with the assistance needed to overcome administrative obstacles. IDA also maintains a direct relationship with investors and provides assistance as companies grow and diversify their Irish operations.
