New York, 15th March 2019: Latest figures from Ireland’s Foreign Investment Agency, IDA Ireland have shown that 70 individual investments related to Brexit, with over 5000 associated jobs, have been approved since the UK’s EU referendum in June 2016.
In January 2018, IDA Ireland announced record results with nearly 230,000 people now employed in FDI companies.
The CEO of IDA Ireland, Martin Shanahan provided the new figures today speaking at the Harvard Club in New York at a conference hosted by Irish Central called ‘Understanding Brexit’.
IDA Executives across the world are hosting events throughout the week to mark Saint Patrick’s Day and remind investors of Ireland’s strong proposition.
“These updated figures are another reminder of how our European Union membership and stable pro-enterprise policies are appealing to investors who are looking for certainty,” said Shanahan.
“For US companies with ambitions to be global players, Ireland is a natural fit for their international operations.”
IDA Ireland has engaged with clients throughout the Brexit process. Uncertainty remains on the final business impact of Brexit as negotiations continue. Increased transaction costs, fears about regulatory divergence and tariffs are amongst the concerns expressed by investors.
Dublin remains the most popular choice for financial services firms to relocate post-Brexit according to EY’s Brexit Tracker.
To date in Ireland companies that have announced investments connected to Brexit include: Barclays, Morgan Stanley, TD Securities, Wasdell, Delphi/Aptiv, Simmons & Simmons, S&P Global, Thomson Reuters, Equilend and Coinbase.