Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

Of the new employment created by IDA Ireland supported companies, 70% is from existing companies. These companies continue to invest and we continue to support them to do so. Only last week, more than €3.2 million was allocated to the Ballina innovation quarter under the urban regeneration fund. This provided for the development of the old military barracks in Ballina into a new innovation quarter. It is projected that the new quarter will consist of a digital hub and an innovation centre and could lead to the creation of 200 jobs within three years. The digital hub will provide 20 spaces for technology, digital media and Internet companies to scale and grow alongside local enterprises. It will also enhance the town's attractiveness for investment and provide local start-up businesses with a place to develop and grow.

Regarding the rural development fund, the Minister for Rural and Community Development, Deputy Ring, announced almost €800,000 to be provided for the development of eight enterprise and digital hubs across County Mayo. Údarás na Gaeltachta is the lead partner on this project. These hubs will provide business clusters focusing on the creative industries, the Irish language, sport and the marine. These are very positive developments for Mayo.

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