What is Ireland's Value Proposition for Foreign Direct Investment
Since becoming the CEO of IDA Ireland there is one question I have been asked repeatedly by companies from all over the world, local community groups, government representatives and consultancy companies — ‘Why do companies invest in Ireland?’
All are genuinely eager to fully understand what makes Ireland such an attractive proposition for Foreign Direct Investment.
We have been helping international companies establish operations here for decades and know when companies are considering an international investment there are three main factors that are crucial:
1. Location — Is it a safe, stable location in which to invest and does it provide a suitable operating environment and access to market?
2. Workforce — Is there an educated and skilled workforce, and an attractive environment where people want to live and work?
3. Competitiveness — Will there be an adequate Return on Investment (ROI) driven by a combination of competitive operating costs, high productivity and profitability?
While the answers to these three key questions inform a company’s decision to invest, there is also an increased focus on collaboration.
Companies value highly the support and collaboration IDA Ireland offers in terms of helping to source commercial opportunities and assistance in the location decision-making process.