Peter Fitzpatrick (Louth, Fine Gael)
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197. To ask the Minister for Jobs, Enterprise and Innovation the location and the timeframe for the construction of the IDA advanced building in Dundalk as announced in budget 2017; and if she will make a statement on the matter. [33100/16]

Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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In order to support the achievement of IDA Ireland’s target of increasing investment to all regions outside of Dublin by 30%-40%, the Government announced – as part of Budget 2017 – an increase in the Agency’s capital funding of 22%, bringing its total capital budget to €137 million. This increased allocation will help the Agency to progress the next three advance buildings as set out in IDA’s regional property investment programme. This programme aims to attract further investment into regional locations by ensuring the ready availability of an adequate supply of marketable serviced land, office and industrial/manufacturing buildings in advance of demand by both existing and potential client companies.

The Dundalk facility will be constructed at Finnabair Business Park. The facility is currently at design stage and the Agency is projecting a completion date of Q4 2017.