Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Public Accounts Committee

IDA - Financial Statement 2016

9:00 am

Mr. Martin Shanahan:

Achieving balanced regional development is the single biggest challenge which IDA Ireland faces, but it is also the single biggest challenge which Ireland faces. We have set out our stall. For the first time in any IDA Ireland strategy, we have regional targets, including to increase investment by 30% to 40%. As the Deputy pointed out, two of the most significant investments last year, Facebook and Shire, were made in Meath. Of course proximity to Dublin helps in that regard. Site visits tells a part of the story, but they do not tell the whole story. There could be one site visit to Meath, but it could be the right site visit. We had a situation last year where one county received one site visit but got three investments. It is part of the story. It tells us that investors are interested in larger urban areas. That is the reality that I and my team face.

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