Written answers

Tuesday, 8 April 2014

Department of Jobs, Enterprise and Innovation

IDA Site Visits

Photo of Charlie McConalogueCharlie McConalogue (Donegal North East, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

271. To ask the Minister for Jobs, Enterprise and Innovation the number of Industrial Development Agency visits to County Donegal in the first three months of 2014; the number of confirmed planned visits to County Donegal for the remainder of 2014; and if he will make a statement on the matter. [16771/14]

Photo of Charlie McConalogueCharlie McConalogue (Donegal North East, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

272. To ask the Minister for Jobs, Enterprise and Innovation if he will provide an update on whether the targets set out by the Industrial Development Agency Ireland in the Action Plan for Jobs 2013 of winning more than 130 new investments, securing €500 million in research and development and creating 13,000 in IDA client companies were achieved; the element of new investment, R&D expenditure and new jobs that related to County Donegal; and if he will make a statement on the matter. [16777/14]

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 271 and 272 together.

2013 was one of the best years in recent times for the attraction of foreign direct investment (FDI) and the creation of jobs in IDA Ireland client companies. During the year a total of 13,367 new jobs were created in IDA Ireland client companies and 164 investments won thereby exceeding the targets set out in the Action Plan for Jobs 2013. Of the 164 investments won, 78 came from companies investing in Ireland for the first time, with 59 expansions and 27 Research, Development and Innovation projects. R&D capital investment remains very strong and in 2013, IDA Ireland achieved 93% of the target of R&D investments. This is a strong performance given the general market caution for large capital projects which includes significant R&D activities. R,D&I remains significantly important to Ireland’s FDI landscape embedding existing employment and putting in place the framework for future employment creation. There are now over 166,000 people directly employed in IDA Ireland client companies nationwide, the highest number in the history of the agency.

There are 13 IDA Ireland-supported companies in Donegal employing 2,381 people in full and part time employment in Software Development, Systems Development and the Medical Technology industry. In 2013, 177 new jobs were created in Donegal. Companies such as Pramerica and United Health (PacifiCare) which have located in County Donegal are continuously growing and recruiting. IDA Ireland actively engages with its existing base of companies in Donegal, highlighting the ongoing importance of upskilling/reskilling and the need to add high value activities in order to ensure sustainability and ongoing development.

I am informed by IDA Ireland that in the first three months of 2014 there were 2 IDA Ireland sponsored site visits by potential investors to Co. Donegal. Donegal’s industry base is transforming from the clothing and textile industry into high tech, high skill activity and IDA Ireland actively promotes Donegal as a successful location for high-end manufacturing mainly to companies in the medical technologies sector. In addition to boost regional development in the area and win new business IDA Ireland has announced its intention to erect a new office facility in Letterkenny.

Another focus for IDA Ireland in Donegal is the designated linked Gateway of Letterkenny/Derry. This focus involves developing stronger economic links with Invest Northern Ireland, which includes initiatives like the North West Business & Technology Zone (NWBTZ). The NWBTZ is aimed at promoting the linked Gateway of Letterkenny/Derry in line with the NI Regional Development Strategy 2025.

Comments

No comments

Log in or join to post a public comment.