Dáil Éireann Debate, Thursday - 10 February 2022
46. Deputy Éamon Ó Cuív asked the Tánaiste and Minister for Enterprise, Trade and Employment the agencies under the remit of his Department that own land banks; if an examination has been carried out to ascertain if some of the land banks could be used for the provision of housing; if so, the results of this examination; and if he will make a statement on the matter. [6709/22]
View answerThe agencies of my Department do not own any land banks that could be used for the provision of housing.
IDA Ireland operates a dynamic portfolio of strategic land banks as the availability of an adequate supply of marketable, serviced land and office/industrial buildings is a key element in Ireland's ability to compete for mobile Foreign Direct Investment (FDI). The availability of property solutions eliminates the lead times normally associated with acquiring property, enables clients to plan their property needs with a greater degree of certainty and allows for the commencement of projects at an earlier date by eliminating much of the difficulties associated with land acquisition, planning and construction. These land banks are zoned for industrial usage.
