logo
IDA accused of ignoring Wicklow with less than 30 site visits in a decade

IDA accused of ignoring Wicklow with less than 30 site visits in a decade

Irish Independent15 hours ago
Fianna Fáil Deputy Malcom Byrne has obtained figures which show in the period 2015 to 2024, there have been just 29 visits to County Wicklow organised by the IDA for Foreign Direct Investment (FDI) companies.
This is out of over 6,000 visits across the country.
The 2024 IDA Annual Report showed employment levels within the FDI sector remain above 300,000 for the third consecutive year.
The 2024 employment figure of 302,566 represented a slight increase (0.2%) in client employment over 2023 and accounted for 10.8% of overall national employment.
IDA Ireland's portfolio now comprises more than 1,800 clients across a range of sectors in every county in Ireland.
Deputy Byrne has asked for clarity on why the number of visits is so low.
'The IDA need to be honest as to why there have been so few visits to Wicklow over the past decade and if there are issues with infrastructure or skills as to why they are not bringing companies to the county, they need to spell that out.'
'To tell the truth Wexford does not fare much better with just 41 visits in a decade and I worry that IDA headquarters don't know that the M11 exists.'
In response the IDA highlighted that site visits are only one measure of a company's interest in a particular location and may not be a true measure of the overall level of foreign direct investment activity in a region or county.
70pc of FDI won by IDA Ireland in 2024 came from its existing client base, rather than new companies.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IDA accused of ignoring Wicklow with less than 30 site visits in a decade
IDA accused of ignoring Wicklow with less than 30 site visits in a decade

Irish Independent

time15 hours ago

  • Irish Independent

IDA accused of ignoring Wicklow with less than 30 site visits in a decade

Fianna Fáil Deputy Malcom Byrne has obtained figures which show in the period 2015 to 2024, there have been just 29 visits to County Wicklow organised by the IDA for Foreign Direct Investment (FDI) companies. This is out of over 6,000 visits across the country. The 2024 IDA Annual Report showed employment levels within the FDI sector remain above 300,000 for the third consecutive year. The 2024 employment figure of 302,566 represented a slight increase (0.2%) in client employment over 2023 and accounted for 10.8% of overall national employment. IDA Ireland's portfolio now comprises more than 1,800 clients across a range of sectors in every county in Ireland. Deputy Byrne has asked for clarity on why the number of visits is so low. 'The IDA need to be honest as to why there have been so few visits to Wicklow over the past decade and if there are issues with infrastructure or skills as to why they are not bringing companies to the county, they need to spell that out.' 'To tell the truth Wexford does not fare much better with just 41 visits in a decade and I worry that IDA headquarters don't know that the M11 exists.' In response the IDA highlighted that site visits are only one measure of a company's interest in a particular location and may not be a true measure of the overall level of foreign direct investment activity in a region or county. 70pc of FDI won by IDA Ireland in 2024 came from its existing client base, rather than new companies.

The Irish Times view on the budget debate: striking a difficult balance
The Irish Times view on the budget debate: striking a difficult balance

Irish Times

timea day ago

  • Irish Times

The Irish Times view on the budget debate: striking a difficult balance

A clear danger is emerging in the run up to October's budget. It is that all the spare cash available will be spent as Fianna Fáil and Fine Gael each try to get as many of their own policies into the package as they can, with the Independents also pitching in. Rather than taking a balanced view of the outlook, the negotiations thus turn into a haggling exercise. There were media reports this weekend of – unnamed– ministers saying that the economic outlook had not changed much and the budget can go ahead as planned. In this context, pressure will come on, in addition to the €9.4 billion package of tax cuts and spending increases outlined in the Summer Economic Statement, to have additional once-off measures. Ministerial statements, while suggesting there will not be a full cost-of-live package, have become more equivocal on this point. Ministers may be correct to believe that the short-term budgetary outlook has not changed markedly, with the US and EU striking a trade deal. But two points are relevant here. The first is that the two sides have really just set a framework for future talks and a lot remains to be signed off. Also, a separate US investigation into the pharma sector carries danger for Ireland., The second point is that, as Gabriel Makhlouf, the governor of the Central Bank has said, the Government needs to be careful not to add further demand to an already strongly-growing economy. This is all the more the case given the significant planned increase in State investment. READ MORE The balance will be hard to get right. But it must err towards caution. As well as the short-term issues, the economy is now facing significant uncertainties over the next few years. The trade environment is far from settled and tensions between the US and EU may still emerge. Meanwhile, the US president is determined to attract pharma investment back to the US from countries such as Ireland and this could threaten both jobs and tax revenue. And that is before we consider a troubled and rapidly changing international political situation. Ignoring these factors and squabbling over budget giveaways is the wrong approach.

TD calls for referendum on joining EU patent court to be held before next summer
TD calls for referendum on joining EU patent court to be held before next summer

Irish Times

timea day ago

  • Irish Times

TD calls for referendum on joining EU patent court to be held before next summer

The delayed referendum on Ireland joining the European Union's Unified Patent Court (UPC) should be held before next summer, according to Fianna Fáil TD Malcolm Byrne . He said Ireland's membership of Europe's unified patent system would 'make life easier' for Irish inventors, content creators and small businesses. The Irish Times reported on Monday that there have been tentative moves within Government to revive the referendum. The vote on Ireland joining the 18 other EU member states that have signed up to the UPC system was originally due to take place in June 2024. READ MORE Mr Byrne, a Wicklow-Wexford TD, was to be Fianna Fáil's director of elections for the referendum. However, the last government decided to defer the UPC vote in the aftermath of the defeat of the Family and Care referendums to allow more time for public engagement on the matter. In recent months the Department of Enterprise has contacted business organisations and Government departments, seeking feedback on the level of engagement taking place on the UPC issue and views on the appropriate timing of a rescheduled vote. The UPC is designed to provide a one-stop shop court for litigation on patents. The court's decisions will be binding on participating EU member states. Business groups have long called for Ireland to join the UPC. The Department of Enterprise said the Government is committed to holding the referendum, but 'the timing remains under consideration'. Mr Byrne urged the Government to commit to a referendum and an 'informed campaign' before next summer. He said: 'For someone who invents something in Ireland to protect that idea or product, they have to seek a patent in every jurisdiction in the European Union and the recognition of the creation is not always enforceable in a uniform way. 'Ireland joining the unified patent system will make that much easier and it will heavily reduce costs and the administrative burden on inventors.' [ Ireland fined €1.54m for delay in writing EU work-life balance directive into law Opens in new window ] Mr Byrne added: 'This is probably not the issue that most people are thinking about but for inventors and businesses it is really important.' Ireland has to vote on it because the Constitution requires a vote for joining such a European structure, he said. 'The decision will mean transferring some judicial sovereignty, but only in the area of patents, to the new court. It has only to do with patents.' In May, Mr Byrne asked Taoiseach Micheál Martin in the Dáil if he would consider holding the UPC referendum on the same day as the presidential election this year. Mr Martin said he did not anticipate that happening, but he indicated his support for Ireland joining the UPC. He added: 'We need to prepare properly for when we decide to have a referendum. We have to do the homework and be in a position to convince people of the merits of the case.' [ Ireland is exposed as Maga right attempts to take on Big Tech regulation Opens in new window ]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store