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Foreign Direct Investment

Dáil Éireann Debate, Tuesday - 27 July 2021

Tuesday, 27 July 2021

Questions (38)

Brendan Griffin

Question:

38. Deputy Brendan Griffin asked the Tánaiste and Minister for Enterprise, Trade and Employment if further advance facilities will be considered in respect of County Kerry in view of the relatively poor performance of the county in relation to foreign direct investment; and if he will make a statement on the matter. [40395/21]

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Written answers

IDA Ireland staff across the globe are conscious of the importance and impact of winning investments to locations such as Kerry and other regional locations.

The IDA Ireland Strategy 2021-2024 includes a commitment to build a new (second) Advance Technology Building in Tralee. The site selection process is already underway for this building. While it will take time to secure planning permission and construct the building, it is a strong statement of continued commitment to Kerry to support the winning of new investments.

IDA Ireland’s Strategy 2021-2024 sets a target of 800 investments for Ireland over the period, 400 of which will be outside Dublin. Each region has its own individual target over the strategy, with the South West Region (Kerry and Cork) having the largest target of any region outside Dublin of 118 investments.

IDA Ireland is operating in a very challenging environment over the past 18 months with little or no international travel globally as a result of the Covid 19 pandemic. However, IDA continues to engage with new companies on promoting Ireland as a location for their business, utilising virtual site visits as opposed to physical site visits. In June 2021, IDA Ireland organised a virtual site visit for a US company showcasing Kerry for a potential project. IDA will continue to position Kerry for more of these virtual site visits over the rest of 2021.

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