The regional balance of FDI received considerable media attention over the past few days. IDA Ireland’s statement on its 2014 performance (issued on Tuesday, 6 January) noted that 37% of investments had taken place outside of Dublin and Cork. This was an improvement from 2013’s 30% figure but still considerably behind the 50% target set in their Horizon 2020 strategy.
The IDA’s new five-year strategy, due to be published soon, is likely to give more focus to the issue of the regional spread of FDI investment. For urban centres other than the largest cities, the target needs to be smaller scale FDI appropriate for such locations. Smaller urban centres have access to large labour catchments beyond their town boundaries, as well as the potential to attract returning emigrants, and have much improved transport and broadband infrastructure capacity than previously.
The WDC will publish a report later this month analysing trends in agency assisted employment, both foreign owned and Irish owned, in the Western Region over the 2004-2013 period. It will analyse the type of employment, ownership patterns and sectoral performance within the region. County level data will also be examined and the WDC will publish individual county profiles for each of the seven western counties.
We hope this analysis will provide useful insights for enterprise, job creation and regional development policy for the Western Region.