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. John Murphy:

There has been a change because in 2013 the proportion of investments outside Dublin and Cork rose from 25% to 30%. There has been some improvement in that regard. I realise that is below the 50% target. Regional investments are run in many regional locations, including Limerick, Dundalk, Sligo, Waterford and Galway.

The IDA is embarking on a programme to provide some buildings in certain regions to address specific deficiencies that it has identified on foot of site visits and so on. We have facilitated this as part of its budget for 2014. There was also a reference to the risk of an increase in costs as the economy recovers. Together with the IDA we have identified a need to address certain issues relating to the provision of the right kind and quality of commercial property, particularly in Dublin and Cork. The IDA has been working with NAMA to identify projects that could ease pressures in that area.

Senator Cullinane referred to legal, insurance and other costs. We have focused on that. Forfás has done substantial work in this area and that will continue to be a focus for Government. Succeed in Ireland is a very interesting initiative which came out of the Global Irish Economic Forum. It was put in place just under two years ago. I would not agree that it has not been successful. It has actually generated a lot of-----

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