Oireachtas Joint and Select Committees

Tuesday, 28 January 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Action Plan for Jobs: Discussion

2:00 pm

Mr. Martin Shanahan:

I do not have it before me but if that is the case, then, as the Secretary General has said, it does not signify a movement away from the target. The target is clearly there. It is articulated in the IDA strategy. That is where the target comes from as part of Horizon 2020. That target will remain until the end of this year, when that strategy runs out. There is an absolute commitment to try to achieve that target but, as the Secretary General has said, there is also an acknowledgement that it is remarkably difficult to achieve that. We do not control companies' decisions. The IDA can influence companies and assist companies in making their decisions but the agency cannot direct them and we should acknowledge that.

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