Niamh Smyth (Cavan-Monaghan, Fianna Fail)

I thank the Deputy for his important question. As somebody from a rural constituency, I am aware of how incredibly important IDA Ireland site visits are. I know the Deputy feels very strongly about those engagements as important opportunities for his county and the midlands.

IDA Ireland remains committed to regional development as one of four key strategic objectives of its strategy for the period 2025 to 2029, Adapt Intelligently. The aim of this ambitious strategy is to secure 550 of the 1,000 investments targeted over the lifetime of the strategy to the regions, including 40 in the midlands. Over half of the 973 investments won under IDA Ireland's strategy for the period 2021 to 2024 went to regional locations. Some 31 of these were in the midlands region, exceeding the strategy target of 25.

There are 1,420 people currently employed in Offaly across 11 IDA Ireland-supported companies. Figures show that employment among IDA Ireland clients increased by 26% in the region over the past five years. The midlands has a significant ecosystem of well-established companies across life sciences, technology, global business and financial services and engineering and industrial technologies. IDA Ireland will continue to position the midlands as a competitive and attractive destination for global investors.

In relation to site visits, I am advised that to the end of quarter 2 of this year, there were two visits to County Offaly, five in 2024 and three in 2023. I should state, however, that these figures represent individual visits and are not necessarily indicative of the number of companies that have visited. In addition, site visits may not necessarily be a true measure of the overall level of FDI activity in a region or county. The goal for the coming years is to build on the region's strengths and competencies to win investment, with a particular focus on high-value manufacturing, services and research and innovation opportunities across established clusters.

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