Alan Dillon
Question:176. Deputy Alan Dillon asked the Tánaiste and Minister for Enterprise, Trade and Employment if he will provide an update on a project (details supplied); and if he will make a statement on the matter. [38878/22]
View answerThursday, 14 July 2022
Questions (176)
Written answers
As the Deputy is aware, the timely provision of appropriate and cost-effective property and infrastructure solutions to meet the needs of multinational companies is essential to winning Foreign Direct Investment. Over the past 5 years, the IDA’s Regional Property Programme has enabled the winning of capital-intensive projects of significant scale to regional locations. There are now 94 IDA supported companies in Galway City and County, employing a total of 22,801 people.
IDA Ireland actively promotes available buildings and land in IDA Business Parks and high-quality buildings in private ownership through its network of overseas offices. In Galway, IDA has invested significantly in the provision of world-class property solutions. I have been advised that IDA Ireland do not currently have plans to purchase additional lands while the Agency is marketing the available lands to potential investors.
Ballinasloe is marketed as part of the West Region. This provides scale and scope, which gives confidence to the investor that they will be able to establish themselves outside of a main city area and manage to secure talent and services to make their business work. IDA markets the West Region to the Life Sciences, Technology and Global Business Services sectors.
IDA continues to market the available lands (c.21.94 acres) on the IDA business and technology park in Ballinasloe to potential investors, including the advanced planning permission for an Advanced Technology Unit on these lands. IDA and Ballinasloe Area Community Development recently completed a joint venture to secure planning for an Advance Technology Unit, which IDA Ireland is marketing as a potential flexible property solution for the region.