Dáil Éireann Debate, Tuesday - 14 May 2019
249. Deputy Niamh Smyth asked the Minister for Business, Enterprise and Innovation the most recent occasion on which the IDA visited counties Cavan, Monaghan and Meath; the number of new jobs that have been created by the IDA in the past 12 months; the steps it is taking to attract companies to the counties; the success it has had with the strategy for the counties; and if she will make a statement on the matter. [20711/19]
Amharc ar fhreagraThe IDA's performance in 2018 reflects the joint emphasis the Agency and the Government have placed on increasing foreign direct investment (FDI) into regional locations. Last year, for example, 56% of all net new jobs created by IDA client firms were in locations outside Dublin. Similarly, every region in Ireland, including the Border Region, experienced FDI-supported employment growth. There are now over 132,000 people employed across 681 firms in IDA client companies outside the capital. This amounts to 58% of all IDA-supported employment and represents the highest number of people ever employed in the regions by Agency client companies.
While there were no new FDI-supported jobs created in Cavan in 2018, Monaghan experienced an 8% increase, with 12 jobs added by companies in the County. Similarly, Meath saw a 4.5% increase, with the creation of 67 new jobs last year.
With regard to site visits in 2019, data is currently only available for the first three months of this year. Over that period, Counties Cavan, Monaghan and Meath each hosted one site visit. Information on site visits for the second quarter of 2019 will be available later this year. While the IDA will continue to promote and showcase locations in these Counties to prospective investors, it is important to remember that the decision as to where to invest is always taken by the companies themselves.
As the Deputy will be aware, as part of Budget 2019 I allocated an additional €10 million for the next phase of the IDA’s Regional Property Programme (RPP). This includes plans for an Advanced Technology Unit (ATU) at Knockaconny, County Monaghan. These facilities can help to encourage overseas investors to consider regional areas and I am confident that the ATU in Knockaconny, once complete, will lead to further investment and job creation.
In addition to the RPP, the IDA targets further investment for the wider area through its office in the Cavan Innovation and Technology Centre. The Agency has also recently appointed a new Regional Business Development Manager for the North-East Region. As part of its strategy to promote the area, the IDA is focusing on specific sectors including agri-food, manufacturing, tourism and internationally traded services. The Agency's staff regularly engage with key stakeholders on the ground in Cavan and Monaghan, including with local authorities, public bodies, the education sector and companies from both its own client base but also from the indigenous sector. County Meath, meanwhile, is being actively marketed by the IDA as a location for second sites for multinationals in the Dublin region, with a focus on building clusters in existing sectors like high-value manufacturing and international services.
In addition to the work of the IDA, my Department’s €60 million Regional Enterprise Development Fund (REDF) has supported five projects within the Meath, Cavan and Monaghan area, with a total investment of €8.2 million. These include: the Boyne Valley Food Innovation District in Meath; a food centre of excellence in Ballybay; a networked digital and innovation hub in Cavan (with others located in Leitrim and Longford); an engineering business network across the North East region; and an investment of €4.9 million in a nationally significant bioeconomy innovation centre located in Monaghan. These projects demonstrate good collaboration and innovation in the region, qualities that make it even more attractive as a destination for new investment.
The Government remains determined to further unlock and develop the economic potential of all Counties including those in the Border region. The Enterprise Agencies under my remit will continue to engage with their clients, and with one another, to create more jobs and source new investment in 2019.
