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Winning: Foreign Direct Investment 2015-2019 Brendan McDonagh Director Strategic Policy IDA Ireland June 2015.

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Presentation on theme: "Winning: Foreign Direct Investment 2015-2019 Brendan McDonagh Director Strategic Policy IDA Ireland June 2015."— Presentation transcript:

1 Winning: Foreign Direct Investment Brendan McDonagh Director Strategic Policy IDA Ireland June 2015

2 Current Impact of FDI €22.4 billion €8.5 billion 300,000 Jobs €124.5
1,195 IDA Portfolio Companies: 632 from the US €22.4 billion €1.4 billion Business Expenditure on R&D 300,000 Jobs Direct & Indirect €124 billion

3 of total office lettings in 2014 was to IDA client companies
Dublin Office Market – Take Up Office Projects Supported by IDA ( ) 100,000+ sq.ft 190,000 sq.ft 20,000 sq.ft 70,000 sq.ft Almost 60% of total office lettings in 2014 was to IDA client companies 40,000 sq.ft 85,000 sq.ft 120,000 sq.ft 85,000 sq.ft 7,500 sq.ft 100,000 sq.ft 3

4 IDA Ireland Targets 2015-2019 900 Investments 209,000 80,000
FDI Employment by 2019 900 Investments 80,000 New Jobs

5 Winning in the Regions Targets; - A minimum increase in investment of 30% to 40% in each region outside Dublin - Dublin to achieve the same high level of investment in Dublin Supported by; - €150m property investment portfolio - Aligning IDA business sectors with regions’ strengths - Focusing on regional urban centres which can act as key attractors of investment - Strengthening IDA’s regional footprint - Working with regional stakeholders through the Regional Action Plan process

6 Top International Ratings for Ireland
1st in the World for availability of skilled labour² 1st in the World for attitudes towards globalisation² 1st in the World for flexibility & adaptability of workforce2 1st in the World for investment incentives2 1st in the World for productivity & efficiency of companies2 1st in the World for inward investment by quality and value³ 1st in the World for contribution towards humanity & the planet4 1st in Europe for attaining third level education5 1st in Europe for ease of paying business taxes6 1st in Europe as most entrepreneurial country7 1st in Western Europe for ‘Best to Invest’8 2.IMD Competitiveness Yearbook 2014 3.IBM Global Location Trends Report 2014 4.The Good Country Index 2014 5.Eurostat EU Labour Force Survey 2013 6.PwC, the World Bank and the IFC, ‘Paying Taxes 2014: The Global Picture’ 7.Oracle Capital Group , ‘The Global Entrepreneurial Report’, June 2014 8.Global Best to Invest Report, Site Selection, May 2014 Source: International reports including IMD

7 primary audience is the ‘recent diaspora' of 3rd level graduates who have emigrated from Ireland since 2008.

8 Incentive aimed at regeneration of the historic inner cities of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford. Encouraging people back to the centre of Irish cities to live in historic buildings; Encouraging the regeneration of the retail heartland of central business districts; Offers tax relief for qualifying expenditure incurred in refurbishing / converting qualifying building for Residential and Commercial purposes

9 Providing Jobs for Economic and Social Benefit

10 Team Ireland Competitiveness Pro-Business Policies


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