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Dublin-based companies have had €200 million worth of IDA backing, Laois has had €380,000

And other counties are lagging behind as well.

Image: Golden Coins via Shutterstock

THE IDA HAS invested over €600 million in Irish businesses since 2006, but some counties are missing out.

New figures released to the Dáil show that the development agency spent €626 million on supported companies between 2006 and 2012, with Dublin and Cork predictably leading the way in terms of money claimed.

However, while Dublin-based companies have been backed to the tune of around €200 million, companies in Laois have claimed a tiny fraction of that, with the O’Moore County benefiting from just €380,000.

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Similarly, Kilkenny, Monaghan, Offaly and Roscommon have received less than a million euro.

The funding works out disproportionately in regards to population, with Dublin receiving €166 per capita and Laois receiving €4.75. Cork receives €173 per head, while Kilkenny takes in €9.79.

 

Companies supported by the IDA Ireland now employ 166,000 people, Jobs Minister Richard Bruton told the Dáil.

“Total employment in IDA Ireland client companies now stands at in excess of 166,000 people, the highest level in the history of the agency. 13,367 new jobs were created in IDA Ireland client companies in 2013. When job losses are taken into account the net increase in employment in IDA Ireland client companies was 7,071 the highest level of job creation in over a decade.

“Government has provided additional funding to IDA Ireland to enable the agency to engage additional staff in overseas locations to capitalise on opportunities for Ireland to win additional and new forms of foreign investment.”

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