Oireachtas Joint and Select Committees

Wednesday, 25 June 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

General Scheme of the Industrial Development (Miscellaneous Provisions) Bill 2025: Discussion

2:00 am

Mr. John Hughes:

Currently, the IDA, as we know, is engaged globally in searching for and attracting foreign direct investment. We are looking to diversify the various markets we engage in. A due diligence process is undertaken for individual markets and individual companies. The IDA does this through its executive approval process, overseen by its board. Ultimately, then, the grants over €7.5 million or €15 million that come to Government will all have a due diligence process attached to them. The IDA is very mindful of Government policy and of international policy in terms of the jurisdictions and individual companies it engages with and targets.

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