Written answers

Thursday, 11 May 2023

Department of Enterprise, Trade and Employment

Industrial Development

Photo of Alan DillonAlan Dillon (Mayo, Fine Gael)
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77. To ask the Minister for Enterprise, Trade and Employment if he will provide details of the budgetary estimates available to support the IDAs annual property budget for 2023; how this compares to 2022 and 2021 estimates; and if he will make a statement on the matter. [21432/23]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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IDA Ireland’s property investment programme is aimed at supporting economic development and job creation across the IDA, Enterprise Ireland and LEO client base. IDA continues to work with regional stakeholders and the private sector on opportunities to add to the supply of competitive property solutions in regional locations.

The Regional Property Programme is an important driver of IDA Ireland’s objectives in the regions as set out in the Government's White Paper on Enterprise, providing ready-made solutions and ensuring IDA Ireland is strategically placed for regional investments in the future. Under IDA’s Property Programme the regional building programme will see 19 Advanced Building Solutions delivered in regional locations across Ireland over the period to 2024. IDA will also maintain a focus on land banks and utility intensive strategic sites to future-proof the ability of the property portfolio to support the project pipeline.

The Regional Building programme is progressing well with the completion of 8 of the 19 properties announced as part of the IDA Strategy by Q2 2023. It is envisaged that the next phase of properties will commence in Q4 2023 and by Q3 2023 we expect to have three further buildings in the planning process.

Details of IDA’s property budget for 2021, 2022 and 2023 is outlined below.

  • 2021 €52m plus €6.6m for Digital Manufacturing Ireland
  • 2022 €52m plus €4m for or Digital Manufacturing Ireland
  • 2023 €60m plus a further additional €10.5m has been allocated from capital carryover.
The 2023 allocation includes an additional €4m for the Agency’s ambitious Regional Property Programme, bringing the budget for that programme to €60m. Own Resource Income allows the IDA to further expand this expenditure level.

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