Written answers

Thursday, 9 June 2016

Department of Finance

Ireland Strategic Investment Fund Investments

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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45. To ask the Minister for Finance the number directly and indirectly employed in Irish companies and projects that the Ireland Strategic Investment Fund has invested in by county in tabular form; and if he will make a statement on the matter. [15280/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The legislation which provided for the establishment of ISIF, the NTMA (Amendment) Act 2014, requires ISIF to include an assessment of its impact on economic activity and employment and the distribution of its investments on a regional basis in its reporting.

I can inform the Deputy that the Ireland Strategic Investment Fund (ISIF) recently published an update on the economic impact and details of its investments in 108 Irish companies and projects. The report, which is available on ISIF's website, includes a breakdown of employment for Dublin and also by province and covers the period up to end-December 2015.  The companies supported by ISIF's investment activity employ 17,940 people split approximately between 11,782 directly and 6,158 indirectly.  Sixty percent of the jobs supported are outside Dublin.

Information on the economic impact of ISIF's investment, including employment, is, with the exception of Dublin, reported on a province basis in order to avoid inadvertently identifying commercially sensitive information of underlying investees.

The following table provides a breakdown of the employment supported by ISIF's investment activities split between Dublin and the four provinces:

Table 1.

Total Employment by Region
Dublin7,20240.1%
Leinster ex-Dublin2,99116.7%
Connacht1,0736.0%
Munster6,21134.6%
Ulster4632.6%
Total17,940100.0%

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