The 'Succeed in Ireland' initiative was launched in March 2012 as one of the key action points in the Action Plan for Jobs 2012. This unique pilot initiative is managed by IDA Ireland and delivered on its behalf, under contract, by ConnectIreland, a subsidiary of the Taxback Group. Connect Ireland markets, promotes and implements the ‘Succeed in Ireland’ initiative in the international marketplace. Under the terms of the contract, ConnectIreland and IDA Ireland work to convert potential leads identified by ‘Connectors’ into investments and job creation in Ireland.
Up to Friday last, 6 June 2014, there have been a total of 20 projects approved by IDA Ireland under the initiative, with the potential to create 498 jobs. Details of the number of projects approved in each of the three years 2012 to 2014, inclusive, are set out in tabular statement A. Of the 20 projects approved to date, 13 have been publicly announced and are listed on the tabular statement B. On the basis of information received from ConnectIreland, IDA Ireland has informed me that, at present, there are in the region of 150 jobs now on the ground arising from the initiative. Under the agreed terms of its contract ConnectIreland has covered all start-up costs associated with the establishment of the initiative. Payments will be made to ConnectIreland on a phased basis by IDA Ireland in respect of each sustainable job that has been in place for a period of over two years. To date, no Exchequer funding has been expended as payments by IDA Ireland to ConnectIreland under the initiative have not yet fallen due. An independent evaluation of the initiative is currently underway and, following completion of that evaluation, I will bring a memorandum to Government on the matter.
TABLE A
Table showing the number of ConnectIreland projects approved by IDA Ireland in each of the years 2012, 2013 & to date in 2014
Year
|
Number of Projects approved
|
2012
|
3
|
2013
|
10
|
2014 ( to date)
|
7
|
TABLE B
Table showing the number of ConnectIreland Projects that have been publicly announced
Company Name
|
Origin
|
Location
|
Jobs
|
Intergeo Services
|
US
|
Carlow
|
30
|
Flagship Management
|
US
|
Kinvara Co Calway
|
15
|
Mafic (Black Basalt) Ireland
|
Luxembourg
|
Kells Co Meath
|
70
|
Ark Energy Consulting Ltd
|
Italy
|
Longford
|
10
|
The Magni Group
|
US
|
Mallow Co Cork
|
50
|
Improv Asylum
|
US
|
Dublin
|
12
|
SMI
|
US
|
Dublin
|
10
|
Sound &Sea
|
US
|
Cork
|
55
|
Bayne Law
|
US
|
Cork
|
6
|
Wired Ireland
|
France
|
Dublin
|
8
|
Lobo Leasing
|
US
|
Dublin
|
15
|
Sure Power Consulting
|
US
|
Dublin
|
25
|
Pepper Home Loans
|
Australia
|
Shannon Co Clare
|
49
|