Written answers
Wednesday, 22 April 2009
Department of Finance
Job Creation
10:00 pm
Martin Ferris (Kerry North, Sinn Fein)
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Question 202: To ask the Minister for Finance if he has examined ways in which to encourage persons who have investments abroad to redirect their investments into the domestic economy in order to compensate for falling foreign direct investment; and if he will make a statement on the matter. [15647/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Ireland will continue to be successful in securing investment and job creation, whether by domestic or foreign investors, if the overall climate for investment is favourable in comparison to other countries. This Government through its policies, including the development of a relatively low taxation regime for business, has created an attractive environment for investment. Significant additional support continues to be made available to investors, primarily through agencies under the auspices of the Department of Enterprise, Trade and Employment such as the IDA, Enterprise Ireland and Science Foundation Ireland, which encourage investment, by both domestic and foreign investors.
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