Fine Gael TD for Galway West & Mayo South

Minister Confirms Commitment to ensuring Capacity for Company Creation and Expansion in West

Parkmore Business Park
Parkmore Business Park

The Department of Jobs and its agencies are taking steps to ensure Galway is ready and able to cater for expansion by indigenous and multinational companies as well as start-ups.

Galway West and Mayo South TD and Member of the Joint Oireachtas Committee on Jobs, Enterprise and Innovation, Seán Kyne raised the issue of the availability of infrastructure with the Minister for Jobs, Enterprise and Innovation, Richard Bruton in the Dáil this week.

Commented Deputy Kyne: “This issue is important for SMEs but particularly so for multinational companies who often need larger premises and office spaces to set up national or European divisions.

“It is encouraging to see that the Industrial Development Authority (IDA) is continuing to fund property through industrial estates and business parks in our city and county with capacity ready to go at Parkmore in the City as well as locations including Tuam and Ballinasloe.

“In addition, the IDA is progressing the plans for a Bio-Pharma campus at Oranmore, and a development at Athenry – both locations enjoy excellent transport and communications link and are already attracting global companies such as Zimmer and Apple.

“The continuous review of available infrastructure is essential so that we can build on local IDA results which show that in 2014 there were 63 IDA-supported companies in Galway employing 13,862 people – a growth of 33% since 2010.”

 

DAIL QUESTION No. 336

To ask the Minister for Jobs, Enterprise and Innovation if his Department and agencies under its remit are conducting reviews on the availability of infrastructure for use by small and medium enterprises or multinationals, to ensure sufficient capacity for expansion, with particular reference to County Galway and the West – Seán Kyne.

 

Reply: Minister for Jobs, Enterprise and Innovation, Richard Bruton

Enterprise Ireland is the national agency under my aegis with responsibility for the development of Irish enterprise, deepening Ireland’s footprint in world markets, and supporting employment creation in our economy. EI’s support system for young companies includes help with business planning, mentoring and development advice, feasibility funding and finance, often in the form of equity investment, as appropriate to the founder’s ambitions and the company’s potential and stage of growth.

Enterprise Ireland is not conducting any reviews on the availability of infrastructure in Galway or in the West.

IDA Ireland regularly assesses and monitors property requirements in the regions and identifies locations where quality buildings and site solutions will support IDA’s regional strategy.

In Galway/West Region, IDA Ireland has funded the development of property and infrastructure in the Region which can support the requirements of mobile FDI. These property solutions include Business & Technology Parks with land available to lease in Galway City (Parkmore West and East), Ballinasloe, Tuam, Gort, Castlebar, Ballina and Roscommon. In addition, there is a strategic serviced site with advance planning permission for a Bio-Pharma campus in Oranmore, while in Athenry there is a strategic IDA land bank located off the M6 motorway from Galway to Dublin on which Phase 1 of development to ensure that it is sufficiently serviced for capital intensive projects has been completed.

On 11th February 2015, it was announced that, as part of the Government’s Action Plan for Jobs – Regional, IDA Ireland would invest €150m in various property solutions which are designed to allow the Agency to create opportunities to win additional projects for the regions outside Dublin and Cork. These will involve advance buildings, improvements of existing parks, and the acquisition and servicing of suitable sites. Every region outside of Dublin and the Mid-East will benefit from this announcement.

The 5-year €150m capital investment programme will build on the recent investment by IDA Ireland in facilities in Athlone and Waterford, and will include investments over the coming years in building advance manufacturing and office facilities in various locations around the country.

In addition, the Deputy will be aware that Údarás na Gaeltachta is the regional development for the Gaeltacht which includes the Gaeltacht areas of both Co. Galway and Co. Mayo. Údarás na Gaeltachta’s role as a regional development authority is to stimulate job-creation by supporting and encouraging the development of enterprise in the Gaeltacht. Údarás does this by attracting new investment, nurturing existing businesses, developing modern business infrastructure, and enhancing the skills base of the Gaeltacht community. In that regard I understand that Údarás na Gaeltachta maintains a property portfolio of property in the Galway and Mayo Gaeltacht for the purposes of assisting enterprise to establish in those areas. Under the Action Plan for Jobs – Regional, Údarás na Gaeltachta are in close contact with Enterprise Ireland and the IDA with regard to the property that it available for letting to potential enterprise clients.

 

2. IDA Galway Figures: 2008 – 2014

 

2008 2009 2010 2011 2012 2013 2014 2008 – 2010 2011 – 2014 % Change 2011 -2014
No. of Companies 54 51 55 60 62 62 63
Total Jobs 11,020 10,029 10,417 12,225 12,933 13,508 13,862
Gross Gain 476 198 1,209 1,922 938 969 1,099
Gross Losses -1,460 -1,189 -821 -114 -230 -394 -745
Net Change -984 -991 388 1,808 708 575 354 -1,587 3,455 33.07%
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