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:

It is not our policy to purchase offices overseas. We will not do that. We have a policy that, wherever feasible, we will colocate with the Department of Foreign Affairs in its offices. From the point of view of value for money to the State, it tends to makes sense. The exceptions to that are where there is a market we are testing, and where we do not want to make a long-term commitment that at would be similar to the Department of Foreign Affairs. There are certain offices where we have had recent investments. However, outside our core markets, which include New York, London and other locations, we want to ensure we have flexibility to remove offices from our footprint if they are not delivering for Ireland. On the Moscow office, we still have a leasehold arrangement, which we are reviewing with the Departments of Foreign Affairs and Enterprise, Trade and Employment.