Written answers

Tuesday, 19 July 2011

Department of Enterprise, Trade and Innovation

Foreign Direct Investment

10:00 pm

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
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Question 44: To ask the Minister for Jobs, Enterprise and Innovation if an audit has been carried out of ready-to-go advance buildings suitable for the location of foreign direct investment enterprises; if he has satisfied himself that the stock of suitable buildings is adequate in this respect; if any deficit has been identified; and if he will make a statement on the matter. [21119/11]

Photo of Richard BrutonRichard Bruton (Minister, Department of Jobs, Enterprise and Innovation; Dublin North Central, Fine Gael)
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Both IDA Ireland and Shannon Development maintain a property portfolio of land and buildings specifically to support the promotion of Ireland and its regions as a suitable location for FDI by providing tailored property solutions. The Agencies acquire and sell land and buildings at market prices and grant support for industrial projects is a separate issue.

On an ongoing basis, both agencies review the availability of suitable property solutions, including advance buildings. In the main, however, buildings are provided for rent by the private sector or are built and owned by the industrial company operating in them.

IDA Ireland informs me that it concentrates its marketing effort mainly in the Gateway locations in Ireland and that it has an adequate stock of suitable advance buildings that are in line with its marketing needs in most of these locations. However, the Agency does foresee a need to work with the private sector to deliver quality advance solutions to meet the needs of FDI into the future.

As regards Shannon Development, that Agency has informed me that it has identified a range of good quality vacant offices, which are available for small to medium sized FDI projects from the International Traded Services sectors. In addition, Shannon Development has a range of manufacturing and warehouse space available, which is suitable for FDI projects in the manufacturing and logistics sectors.

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