IDA Ireland was given responsibility for the industrial property portfolio in January 1996 and current policy in relation to the provision of advance factory space is that it will in future be provided by the private sector. IDA Ireland will then actively promote and market such buildings. This is in line with the policy recommended by the Forfás board following a detailed consultancy report and as endorsed, after careful consideration, by me.
There are also incentives under the business expansion scheme to encourage the provision of advance factories. IDA actively encourages the private sector to utilise this scheme in selected locations.