Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Mr. Martin Shanahan:

In the first instance, I can elucidate the criteria now if required or I can do so in a follow-up submission. Indeed, I think I set them out earlier for one of the Deputies. We look at places where we believe we may be able to win and attract investment. Such locations generally have an existing base of enterprise, whether that be IDA or Enterprise Ireland companies that act as a cluster, and a critical mass of population and a talent pool that we can draw on. Members will note that all of the areas that were identified yesterday have either an institute of technology or a university. We also look at the extent to which the private sector is stepping up in terms of providing these advance solutions. Clearly if they are doing so, then the IDA would not step into the area. Our preference is that the private sector steps up and provides these solutions.

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