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Press Release 25 Apr 2014

Thursday 25th April 2014 – IDA Ireland today welcomed the publication of the new Regional Aid Map for Ireland.

The new guidelines, which will take effect from July this year until 2020, allow Ireland to retain investment aid to large enterprises and grant aid rates will be 30% for small enterprises, 20% for medium enterprises and 10% for large enterprises.

The new Regional Aid Map has increased in size so that 51.28% of Ireland’s population will be eligible for State Aid and will include Kerry and the towns of Kells, Athy, and Arklow in the Mid-East.

At the outset of negotiations, the EU Commission had proposed to cut Ireland’s regional aid coverage in half to only 25% of the country. 

IDA Ireland has been heavily involved in the process of agreeing new regional aid guidelines and welcomed the opportunity from the Department of Jobs, Enterprise and Innovation to contribute to the shaping of the regional aid mapping process with the EU Commission and its member states.

Commenting on the publication of the new Regional Aid Map for Ireland George Bennett, Head of IDA Ireland's Corporate Planning and Strategy Unit said: “A key element of Ireland’s offering to Foreign Direct Investment (FDI) clients is its ability to incentivise regional investment projects.  The other key elements that increase a regional location’s attractiveness are the availability of suitable property solutions, a talented workforce, clusters of industry and academic institutions. 

IDA competes internationally for investment projects.  IDA must align the business needs of existing and potential FDI client companies with the location to ensure there is a good fit.”
 

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