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:
The two agencies have just agreed independent five-year strategies. The grant allocations will follow the priorities set out in those strategies. For IDA, that is on the four sectors I mentioned previously: AI and digital; sustainability; health or life sciences; and semiconductors. However, these are not exclusive. The IDA is also prioritising the existing base, which includes pharma, med-tech and so on. Equally, the strategy will be adjusted as the programme for Government and other issues might require. The priority within that is to support research, development and innovation, which is allocated approximately three-quarters of grants, talent and upskilling of workers in the workforce, as well as supports for the ecosystem. The fourth strand is the significant spend on the regional property programme in terms of buildings, strategic sites and, coming down the line, the next generation sites.
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