Written answers
Tuesday, 15 January 2019
Department of Justice and Equality
Immigrant Investor Programme Data
Michael McGrath (Cork South Central, Fianna Fail)
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428. To ask the Tánaiste and Minister for Justice and Equality the number of approvals granted under the immigrant investor programme in each of the years 2014 to 2018; the overall amount invested under the programme in each of the years; and if he will make a statement on the matter. [54393/18]
Charles Flanagan (Laois, Fine Gael)
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The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment to create business and employment opportunities in the State.
A breakdown of the number of approvals and the overall value of approved applications for the years referred to by the Deputy is set out in the following table.
| Application Year | Number of Approved Applications | Total Value of Approved Applications |
|---|---|---|
| 2014 | 30 | €14,950,000 |
| 2015 | 65 | €35,250,000 |
| 2016 | 272 | €154,100,000 |
| 2017 | 294 | €269,500,000 |
| 2018 | 38 | €32,000,000 |
| TOTAL | 699 | €502,800,000 |
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