Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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197. To ask the Minister for Finance the number of jobs created by the Irish Strategic Investment Fund in its commercial partnerships; and the locations in which these jobs were created by companies obtaining such investment. [36341/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I can inform the Deputy that the Ireland Strategic Investment Fund (ISIF) recently published an update on its economic impact and details of its investments in 140 Irish companies and projects. Detailed information relating to the Deputy’s request is publicly available on the ISIF website, . 

The report includes a breakdown of employment for Dublin and also by province and covers the period up to end-December 2016. The companies supported by ISIF's investment activity employed 21,930 people, directly or indirectly, which is a 22 percent increase on end-2015 and of these jobs, 49% are located outside of Dublin.

Table 1 provides a breakdown of the employment supported by ISIF's investment activities split between Dublin and the remaining four provinces.

As shown by the report, and outlined in the table, the regional impact of ISIF’s investments is in line with the national spread of economic activity as measured by Gross Value Added (GVA).  GVA is a standard measure of economic activity with GDP comprising the aggregate of GVA at enterprise level across the economy.

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.  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.

Table 1. ISIF employment levels as at end-2016