Written answers

Thursday, 13 February 2025

Department of Enterprise, Trade and Employment

State Bodies

Photo of Fionntán Ó SúilleabháinFionntán Ó Súilleabháin (Wicklow-Wexford, Sinn Fein)
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180. To ask the Minister for Enterprise, Trade and Employment the number of IDA site visits to County Wexford made in the past 18 months, in tabular form; the results to date of any such visits; and if he will make a statement on the matter. [5434/25]

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
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Over the past 18 months, IDA Ireland facilitated 8 site visits to County Wexford. IDA site visits are only one measure of a company’s interest in a particular location and may not necessarily be a true measure of the overall level of foreign direct investment (FDI) activity in a region or county. For example, 70% of FDI won by IDA Ireland in 2024 came from its existing client base, rather than new companies. Also, potential clients visiting Ireland may visit more than one county and may return to a location more than once. The figures given, therefore, represent individual visits and are not indicative of the number of companies that have visited.

It should also be noted that the final decision on where to locate an investment is always decided by the client, and not by IDA Ireland, and it can take many years to convert from an initial site visit to final project proposal. Regular engagement and collaboration with stakeholders are important in positioning any regional location to attract FDI and, in this respect, IDA Ireland continues to engage with stakeholders, as well as working with existing clients, in all regional locations to generate additional employment.

The competition for FDI in the IDA's "key sectors", continues to intensify as countries increase their focus on self-sufficiency and economic security. However, Ireland’s value proposition for inward investment remains strong, based on offering a safe and stable investment location with access to the EU market, an educated and skilled workforce, an attractive environment where people want to live and work, a competitive, consistent and transparent corporate tax regime and an excellent return on investment.

As requested by Deputy O'Suilleabhain, the number of IDA facilitated site visits to Wexford, during 2023 and 2024 is set out in tabular form below. Data shown is for the full year for 2023 and 2024, however there were no site visits to Wexford in the first half of 2023.

Site Visits 2023 2024
Wexford 2 6

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