Tuesday, 1 October 2019

Questions (304)

Thomas P. Broughan


304. Deputy Thomas P. Broughan asked the Minister for Business, Enterprise and Innovation the number of IDA Ireland facilities constructed in Dublin in each of the past three years to date; the cost of each facility; the number occupied; the number vacant; and if she will make a statement on the matter. [39574/19]

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Written answers (Question to Business)

IDA Ireland has not constructed any facilities in Dublin over the past three years. There has been strong market activity in that period in the capital, in terms of the provision of property solutions for overseas firms seeking to expand or invest there. The supply of such properties remains adequate and it is expected that Dublin will continue to attract further foreign direct investment (FDI).

Given the importance of strengthening the spread of FDI across Ireland, the Agency's recent property activities have placed a particular emphasis on regional development and continued investment in the Regional Property Programme (RPP). The RPP aims to boost investment and job creation in the regions through the construction of office and technology buildings in advance of demand for both existing and prospective IDA client companies. This has already helped secure a number of significant investments for regional Ireland and the RPP will remain an important tool through which investors can be encouraged to locate in areas outside of Dublin.

My Department will continue to keep the IDA's property requirements under review in the time ahead.