Minister reveals the millions of euros allocated to the IDA

‘The agency provides a wide range of financial assistance to companies’

Sligo News File

Questioned by Deputy Aengus Ó Snodaigh about the scale of funding provided to the IDA, Minister of State for Enterprise Robert Troy said the agency was allocated €124.6m Exchequer funding in 2011, in 2012 it was allocated €121.8m and in 2013 €124.5m. This, he continued, rose in 2014 to €130.6m and €135.3m in 2015. In 2016 the IDA was allocated €163.7m, rising to €179.3m in 2017 and €180.8 in 2018. In 2019 the IDA was funded in the amount of €214.5m and €189.2m in 2020.

Troy said the IDA “offers a wide range of financial assistance to companies wishing to locate and / or expand their existing operation in Ireland including and not restricted to; capital grants, employment grants, training grants and research and development and environmental supports.”

Grant payments are only one measure of performance, it also “supports client companies through a range of offerings.”

In addition to supporting potential investors through financial supports, the IDA “facilitates site visits, introductions and assists companies with property solutions,” he added