Paul Murphy (Dublin South West, RISE)
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482. To ask the Minister for Enterprise, Trade and Employment whether Citibank has received financial support from the Industrial Development Agency or other semi-State bodies over the past 20 years; and to outline, in tabular form, any support given on an annual basis. [16372/23]

Simon Coveney (Cork South Central, Fine Gael)
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As the Deputy is aware, IDA Ireland is authorised by my Department to provide a range of financial supports to FDI companies in the form of employment, capital, research and development, environmental and training grants.

The total amount of financial support provided to Citibank Europe plc over the past 20 years - that is for the years 2002 to 2022 inclusive (although no grants have been paid since 2016) - amounted to €9,902,863. While some of this financial support relates to Employment Grants (€830,000), the majority of this support was provided to enable Citi to research, develop and deploy leading-edge financial technology from its Dublin operation.  In that regard, Citi’s R&D investments in Ireland in this period have resulted in substantial growth in employment from 1,296 staff in 2002 to approximately 3,000 during the period in question.

The specific information requested is outlined in tabular form below and outlines the amount paid in each year and the nature of the grant assistance received: