Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

I agree wholeheartedly with the Deputy regarding regional development and the importance of investment in the regions to ensure we attract foreign direct investment, FDI. That is why IDA Ireland's new strategy, Driving Recovery and Sustainable Growth 2021-2024, aims to ensure that FDI can make a significant contribution to the recovery and future growth of the economy. Regional development is at the very heart of the agency's strategy. There is a commitment to more balanced compact regional development, which can help to advance national development. Under the regional development pillar, IDA Ireland aims to win investment to propel recovery and support development in each region. For the first time we have set a target of 50%, which is 400, of the investments in regional locations by the end of 2024. Of that 400, there is a target of 76 for the western region. There is a target to build advanced building solutions in Mayo and Galway as part of the new strategy between 2021 and 2024.

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