Oireachtas Joint and Select Committees
Thursday, 23 March 2023
Public Accounts Committee
2021 Financial Statements of Enterprise Ireland: Discussion
9:30 am
Mr. Leo Clancy:
We are unlike the IDA, when a client approaches us. If it is a multinational company coming to Ireland, it is possible to directly invest money and direct the investment to any part of the country. That is not always possible. Many of our clients come out of the places they come out of because they are typically Irish-owned businesses. To the Deputy's point, that tends to be the main determining factor in where companies start, but not always in where they grow. We have certainly worked with companies over time to establish second sites in areas where more labour is available or where conditions are better. It is in the interests of companies to do that. As the Deputy stated, a company can locate in a place where there are many commuters who are happy to move to that company rather than be stuck with a two or three-hour commute. Irish companies are pretty agile in availing of those opportunities. It is a bit of both. It is more founded on where the company started because most of our clients are regionally based and are proud of the places they came out of. However, that said, we work with companies when they run out of options in local areas or when they are finding it difficult to look at new places.