The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment to create business and employment opportunities in the State.
A breakdown of the number of approvals and the overall value of approved applications for the years referred to by the Deputy is set out in the following table.
Application Year
|
Number of Approved Applications
|
Total Value of Approved Applications
|
2014
|
30
|
€14,950,000
|
2015
|
65
|
€35,250,000
|
2016
|
272
|
€154,100,000
|
2017
|
294
|
€269,500,000
|
2018
|
38
|
€32,000,000
|
TOTAL
|
699
|
€502,800,000
|
It should be noted that a total of 420 applications were received in 2018 of which 379 are currently being processed. A decision on a significant number these applications is expected in the coming weeks once processing has been completed.