Overseas companies show interest in Limerick

Nick Rabbitts

Reporter:

Nick Rabbitts

NEW statistics have revealed that the IDA brought 40 potential foreign investors to Limerick last year.

NEW statistics have revealed that the IDA brought 40 potential foreign investors to Limerick last year.

While many counties across Ireland received few or no visits from companies hoping to create jobs, the number of business visits to Limerick was second only to Dublin, which received 150 ‘itineraries’.

Fine Gael TD Kieran O’Donnell welcomed these figures, which were raised as a result of a Dail question by West Limerick/North Kerry Deputy Martin Ferris.

Over the last year, these visits appear to have borne fruit with Dell expanding its Raheen facility, creating 100 jobs, Analog Devices creating another 100 jobs.

Last week, 17 jobs were created at iMosphere at the Nexus Centre in UL, while Northern Trust also appointed 100 people in Plassey.

Regional director of the IDA Sean Denvir said: “The fact we are second to only Dublin in terms of site visits is very encouraging. If you are not getting the raw material, you cannot win the business. The first stage of the process is to get people into look. The fact we are second to Dublin in terms of site visits is very encouraging.”

He said essentially it is the ‘Four Ts’ which is making Limerick an attractive proposition to investors again: the track record for current foreign companies in the city, technology, talent, and the tax incentive provided by the corporation tax rate.

As for the future, he said: “A deal is not done until it is done, but I would be confident we would have announcements coming up over the next two to three months. In fact, we will have one shortly.”

Mr O’Donnell added: “The number of IDA-backed jobs created was almost the same as the combined figure for the last three to four years. It shows jobs are a priority for this government, these visits do bear fruit.”

He vowed to continue to work with the IDA both locally and nationally, as well as Enterprise Minister Richard Bruton to ensure there is a continued flow of jobs to Limerick.

The third most visited city was Galway, while Cork received just 27 visits from potential investors.