Peter Fitzpatrick (Louth, Independent) | Oireachtas source

The Department saw an increase last year in the number of early warning reports for FDI companies which may be experiencing trading difficulties or are ceasing operations in Ireland. The number of early warning reports for the first 11 months of 2022 is higher than the same period in 2021. We saw this in County Louth, with the exit of National Pen and the closure of PayPal and Actavis in recent years. There are currently a number of significant players being impacted by global trading conditions and the war in Ukraine. At a national level, the IDA strategy, Driving Recovery and Sustainable Growth 2021-2024, reflects the approach and ambition of the programme for Government whereby, in conjunction with the Department of Enterprise, Trade and Employment, the success of the IDA is measured by the impact of FDI on the Irish economy.

In terms of job creation and strategic achievements, the closure of the PayPal office in the Xerox complex and the empty state-of-the-art buildings on the Actavis and National Pen sites offer an opportunity for the IDA, the Department of Enterprise, Trade and Employment and Enterprise Ireland to attract new businesses and jobs to County Louth.

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