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Locations across the region are to see developments under IDA’s new strategy

Jan 7, 2021 12:01 By News Northern Sound
Locations across the region are to see developments under IDA’s new strategy Locations across the region are to see developments under IDA’s new strategy
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A number of locations across the Shannonside Northern Sound Region are to see developments under the IDA’s new strategy. The group has today published

A number of locations across the Shannonside Northern Sound Region are to see developments under the IDA’s new strategy.

The group has today published its results of 2020, as well as its new four year Strategy Driving Recovery & Sustainable Growth 2021 – 2024, which focuses on regional progress and improvement.

Results published today by the IDA show that in 2020 regional investment grew as Foreign Direct Investment (FDI) continued despite the impact of COVID-19.

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Of the 246 investments 128 were outside of Dublin, equating to 52% in regional areas and more than 20,000 new jobs were created.

Locally, the West and Mid-West saw their employment figures increase by 2.5% and almost 1 % respectively.

In the Midlands there was also an increase of 1.8%.

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The border region is the only area locally that saw a decrease of .8%.

There has been criticism over the years that the IDA needs to do more particularly in the border region to attract investors with only two 'E-Site Visits' carried out in Cavan and Monaghan last year.

Figures released by the Enterprise Minister shows Cavan and Monaghan saw one online visit each up to the end of Quarter 3 last year and no physical site visits.

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However, their new four year strategy also promises to keep regions at the heart of their work with hopes to attract 800 investments to Ireland over that period with 400 of those earmarked for regional areas.

As part of the plan they will be delivering 19 Advanced Building Solutions, and a number of these will come to the Shannonside Northern Sound Region.

Cavan and Monaghan are both set to benefit from one each, while Athlone is to get two, and Longford and Mullingar have also been included on the list.

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The aim of these developments is that by making competitive property solutions available they can win more mobile FDI.

The IDA has also outlined target investments of 25 for the area covering Cavan,Monaghan,and Leitrim, and 25 for the area covering Longford and Westmeath, while Roscommon falls into the West Regional area with an overall target there of 76 investments.

 

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