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Dáil Éireann Debate, Monday - 11 September 2023

Monday, 11 September 2023

Questions (548)

Peadar Tóibín

Question:

548. Deputy Peadar Tóibín asked the Minister for Enterprise, Trade and Employment the total euro investment made by IDA companies in each county in the past five years; how many jobs were created in each county by IDA companies in each of the past five years; and how many IDA company jobs are in each county in the State. [37180/23]

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Written answers

Regional development remains a key priority for my Department, and for IDA Ireland and the other Enterprise Development Agencies. In that regard, the IDA is committed to the pursuit of balanced, compact regional development and is targeting at least half of all investments - that is 400 of 800 - from 2021 to 2024 to regional locations. Of the 242 investments won in 2022, more than half went to regional locations. Furthermore, a strong level of investment wins continued over the first half of 2023 with 139 investments won in the first six months of the year, 67 (48%) of which were approved for regional locations.

The strong growth in regional investment was supported by IDA Ireland’s property programme as a robust property and infrastructure ecosystem is a key differentiator in winning FDI projects.

33,000 new jobs were created in FDI companies in 2022, bringing the total number of people employed in the FDI sector in Ireland to over 300,000, which represents the highest Foreign Direct Investment (FDI) employment level ever. The results illustrate the continued substantial growth in FDI in 2022 despite a difficult global economic environment.

Growth in regions also continued with employment growth recorded in every region of the country. Strongest regional performance among IDA clients in 2022 was in the Mid-East region (net change +13.6%), followed by Dublin (+10.8%) and the Midlands (+9.7%).

Job losses, which were at historically low levels in recent years, increased in the latter half of 2022 as some tech companies sought to reduce costs and employee numbers in line with reduced revenue forecasts and weakening company valuations. These layoffs, proportionate to the size of the overall portfolio, resulted in less net employment growth in 2022, giving a net increase of some 25,000 jobs year-on-year.

The 2022 figures continued the pattern of sustained, robust growth in FDI investment and FDI-related employment that had been achieved over a continuous period of more than ten years. However, at the announcement of the mid-year results in July, IDA pointed to serious global challenges and uncertainties for the global, mobile FDI sector, including the Russian war in Ukraine, inflation, international monetary policies and a range of geopolitical developments.

As requested by the Deputy, the table below details the number of new IDA jobs created by county for 2018, 2019, 2020, 2021 and 2022. IDA do not release the value of investments made by their clients as these are commercially sensitive.

County

2018

2019

2020

2021

2022

Cavan

Number of Client Companies

6

7

8

8

9

Total Jobs

733

768

781

777

795

New Jobs Created

16

39

30

21

39

Additional Jobs Created

-6

-4

13

-4

18

Donegal

Number of Client Companies

14

16

16

18

21

Total Jobs

3,544

3,879

3,794

3,671

3,696

New Jobs Created

211

359

39

1,391

299

Additional Jobs Created

-105

-24

-85

-123

25

Leitrim

Number of Client Companies

4

4

4

4

4

Total Jobs

701

710

713

815

1,011

New Jobs Created

12

14

40

130

196

Additional Jobs Created

-1

-5

3

102

196

Monaghan

Number of Client Companies

8

8

8

8

8

Total Jobs

362

371

447

445

428

New Jobs Created

173

21

92

40

26

Additional Jobs Created

-1

-12

76

-2

-17

Sligo

Number of Client Companies

26

29

29

30

31

Total Jobs

2,341

2,425

2,511

2,650

2,955

New Jobs Created

207

161

288

335

335

Additional Jobs Created

-160

-77

86

139

305

Dublin

Number of Client Companies

852

918

915

968

965

Total Jobs

100,181

109,605

114,950

124,714

137,822

New Jobs Created

13,035

14,553

12,174

18,918

17,207

Additional Jobs Created

-5,772

-5,129

5,345

9,764

13,108

Kildare

Number of Client Companies

31

32

34

37

39

Total Jobs

9,215

9,241

9,594

9,785

12,174

New Jobs Created

813

354

957

616

2,528

Additional Jobs Created

-416

-328

353

191

2,389

Louth

Number of Client Companies

30

31

36

37

36

Total Jobs

3,980

4,605

4,344

4,686

4,485

New Jobs Created

300

813

361

614

415

Additional Jobs Created

-202

-188

-261

342

-201

Meath

Number of Client Companies

19

19

18

17

18

Total Jobs

1,851

2,086

2,078

2,128

2,449

New Jobs Created

170

294

212

250

346

Additional Jobs Created

-55

-59

-8

50

321

Wicklow

Number of Client Companies

21

21

21

21

20

Total Jobs

2,772

2,564

2,712

2,738

2,753

New Jobs Created

426

157

217

101

114

Additional Jobs Created

-23

-365

148

26

15

Clare

Number of Client Companies

71

72

71

72

70

Total Jobs

6,849

6,989

6,943

6,786

6,643

New Jobs Created

505

393

821

511

586

Additional Jobs Created

-624

-253

-46

-157

-143

Limerick

Number of Client Companies

59

62

68

68

69

Total Jobs

11,841

12,771

13,021

13,915

14,793

New Jobs Created

1,491

1,090

787

1,272

1,125

Additional Jobs Created

-230

-160

250

894

878

Tipperary

Number of Client Companies

12

13

13

15

15

Total Jobs

3,818

4,198

4,285

4,408

4,568

New Jobs Created

325

451

167

321

198

Additional Jobs Created

-241

-71

87

123

160

Laois

Number of Client Companies

3

4

5

5

5

Total Jobs

111

119

136

165

167

New Jobs Created

4

14

42

29

14

Additional Jobs Created

-13

-6

17

29

2

Longford

Number of Client Companies

8

7

7

7

7

Total Jobs

1,040

1,317

1,236

1,450

1,620

New Jobs Created

210

319

54

214

172

Additional Jobs Created

-16

-42

-81

214

170

Offaly

Number of Client Companies

11

11

11

11

11

Total Jobs

1,213

1,194

1,232

1,240

1,377

New Jobs Created

59

71

109

89

142

Additional Jobs Created

-13

-90

38

8

137

Westmeath

Number of Client Companies

23

24

26

27

27

Total Jobs

3,495

3,742

3,834

4,084

4,501

New Jobs Created

491

269

179

320

466

Additional Jobs Created

-44

-22

92

250

417

Carlow

Number of Client Companies

5

5

5

4

4

Total Jobs

1,149

1,200

1,309

1,469

1,515

New Jobs Created

283

51

115

170

50

Additional Jobs Created

-9

-

109

160

46

Kilkenny

Number of Client Companies

8

9

10

11

11

Total Jobs

783

736

786

915

884

New Jobs Created

45

92

91

133

72

Additional Jobs Created

-42

-139

50

129

-31

Waterford

Number of Client Companies

38

40

42

46

46

Total Jobs

8,342

8,022

8,293

8,958

9,461

New Jobs Created

481

569

449

874

881

Additional Jobs Created

-155

-889

271

665

503

Wexford

Number of Client Companies

20

22

25

25

25

Total Jobs

3,140

3,549

3,588

3,720

3,660

New Jobs Created

172

469

209

259

240

Additional Jobs Created

-19

-60

39

132

-60

Cork

Number of Client Companies

193

203

203

208

212

Total Jobs

39,905

41,658

44,172

46,658

50,208

New Jobs Created

3,696

3,054

4,034

4,589

4,320

Additional Jobs Created

-1,216

-1,301

2,514

2,486

3,550

Kerry

Number of Client Companies

18

19

18

18

17

Total Jobs

2,265

2,183

2,168

1,936

2,020

New Jobs Created

138

42

69

67

108

Additional Jobs Created

-68

-124

-15

-232

84

Galway

Number of Client Companies

89

90

93

97

99

Total Jobs

20,382

20,969

21,429

22,710

24,400

New Jobs Created

2,257

1,639

1,449

2,554

2,077

Additional Jobs Created

-554

-1052

460

1,281

1,690

Mayo

Number of Client Companies

16

17

17

17

17

Total Jobs

4,833

4,968

5,033

5,188

5,525

New Jobs Created

436

232

271

244

344

Additional Jobs Created

-87

-97

65

155

337

Roscommon

Number of Client Companies

10

10

10

10

10

Total Jobs

1,186

1,260

1,374

1,445

1,565

New Jobs Created

126

114

120

97

126

Additional Jobs Created

-79

-40

114

71

120

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