The Government has been accused of fuelling the “two-tier” economic recovery after it emerged more than half of all IDA Ireland site visits this year have been to the greater Dublin area while 10 counties have not been visited at all.
The head of international financial services at the IDA has said there is no reason to doubt that Ireland will tap a “significant” dividend in terms of the number of finance jobs from UK-based banks relocating or expanding out of the UK because of Brexit.
Ireland and the Netherlands are understood to be leading the race to attract big name international broadcasters, such as CNN and National Geographic, needing to shift their EU operations from London in order to be able to continue broadcasting in Europe after Brexit.
A comprehensive plan is needed for two IDA-owned sites in Cork — one lying idle in Fermoy since 2002 and another in Kilbarry on Cork City’s northside that is “underutilised for years and growing grass”, according to two TDs.
The IDA has been forced to pay €9.4m to buy out a lease on an empty building that had been costing the State €1m a year. The Public Accounts Committee heard that the agency was locked into a lease which cost €1m a year despite the fact it was not being used.