Brian Stanley
Question:88. Deputy Brian Stanley asked the Minister for Enterprise, Trade and Employment the total spend on the provision of advance industrial units by the IDA in each county for the past five years. [8916/23]
View answerThursday, 23 February 2023
Questions (88, 117)
Brian Stanley
Question:117. Deputy Brian Stanley asked the Minister for Enterprise, Trade and Employment if he will provide an update on the number of advance industrial units provided by the IDA in each country in the past ten years. [8915/23]
View answerWritten answers
I propose to take Questions Nos. 88 and 117 together.
IDA’s Regional Property Programme will provide property and strategic site solutions to address market failures in regional locations. The IDA will also continue to seek and develop partnerships with key regional stakeholders including Local Authorities to ensure land, infrastructure and building permits are available in all regions. In this regard, IDA Ireland, in its current strategy, has committed to deliver 19 Advanced Building Solutions (ABS) in 15 regional locations throughout Ireland.
The locations in which IDA will provide property solutions from 2021-2024 were chosen based on IDA’s market insights, understanding of regional property markets and extensive analysis, engagement, review and consultation as well as macroeconomic considerations, existing clusters and available resources. Potential locations for development were assessed on key FDI attractiveness factors while significant consideration was also given to the economic challenges facing certain regions.
Given the significance of property to the winning of FDI and particularly in regional locations, IDA’s continued positive intervention in delivering advanced property solutions in terms of land, building and infrastructure is paramount.
The number of building solutions constructed by IDA in the past 10 years, and their locations are: 3 in Limerick, 2 in Louth, 2 in Sligo, 2 in Waterford, together with advanced building solutions in Mayo, Monaghan, Kerry, Galway and Westmeath.
To date over the 10-year period, 2013 to 2023, almost €96.5m has been spent on the building programme in the locations I have listed. Given that IDA develops property solutions that are generally ultimately sold to the private sector, the release of exact costs incurred in bringing these solutions to market is commercially sensitive and client confidentiality is also a consideration.