Wednesday, 16 October 2019
Saincheisteanna Tráthúla - Topical Issue Debate
IDA Ireland Portfolio
I work closely with IDA Ireland. It is one of the most professional agencies we have to attract industry into Ireland against stiff competition. It will continue to engage with its clients to identify further opportunities for new investment in Carlow and the south east. I have visited the region with the Deputy and have also visited Carlow IT, which is important for attracting industry into the region. The region is well positioned to attract further foreign direct investment and the agency is working with all its stakeholders in the region to support that goal. Carlow has experienced a year-on-year increase in foreign direct investment employment since 2011, so extra jobs are coming to Carlow each year. There has been a two-fold increase in employment by IDA Ireland client companies in that period and last year alone, the number of IDA Ireland-supported companies in the county increased by 31%, with 275 net jobs added.
Another key development in the context of foreign direct investment in Carlow was the beginning of the construction of MSD's second manufacturing facility in the county. The new production facility will create up to another 117 new jobs and the expansion reflects Carlow's appeal to overseas investors. County Carlow is making real strides when it comes to overseas investment, though we cannot rest on our laurels and we want to see more, particularly given that Brexit is coming. We have ensured IDA Ireland has the necessary resources to continue to attract investment into the country and the new IDA Ireland facility, which we hope will be constructed as soon as possible, will be a very important part of that. It will add to the other good companies in Carlow such as Autolaunch, Thermo Air Environmental, Imofa and DeLaval and we should not forget the indigenous companies, both from Enterprise Ireland and the local enterprises, which have all contributed to making sure the Carlow economy is well served and jobs are created.