Tuesday, 26 March 2019

Questions (601)

Eamon Ryan

Question:

601. Deputy Eamon Ryan asked the Minister for Business, Enterprise and Innovation the capital budget allocation to IDA Ireland in 2017, 2018 and 2019, in tabular form. [13263/19]

View answer

Written answers (Question to Business)

IDA Ireland's capital allocation for the years 2017, 2018 and 2019, as published in the Revised Estimates Volume, is detailed in the following table:

 Year

 Amount

 2019

 €142,000,000

 2018

 €132,000,000

 2017

 €137,000,000

The IDA’s 2018 capital allocation was reduced by €5 million as a result of the reclassification of its Winning Abroad programme from capital to current expenditure.  The Agency's current allocation was increased by the same amount.

This year I increased the IDA's capital allocation by €10 million to fund the next phase of the Agency's Regional Property Programme.  This Programme aims to encourage regional foreign direct investment through the provision of advance property solutions to prospective investors.  All five buildings completed in the first phase of this Programme, in Waterford, Athlone, Sligo, Castlebar and Tralee, are now occupied by multinational companies who have invested over €100 million in regional areas and have created hundreds of jobs with more expected over the medium term.  The next phase of the Programme will see the IDA delivering new buildings in Carlow, Dundalk, Monaghan, Sligo, Athlone, Waterford, Limerick and Galway.