Housing crisis is ‘drag’ on foreign direct investment - Varadkar

“It is an issue for enterprise policy, but when we try to fix the housing crisis in Ireland, it’s primarily about concern for our own citizens, rather than corporations,” he said. Mr Varadkar said he did not believe there would be a “major slowdown” in foreign direct investment next year, adding the IDA would produce strong results next week and the pipeline, especially in life sciences and manufacturing, was “really strong”.

It contains a stipulation that enterprise agencies like IDA Ireland and Enterprise Ireland are to incorporate carbon abatement as an objective “equal to, and alongside, employment and value-added”. It outlines a target that “at least half” of all FDI investments are to be located outside of Dublin, while Enterprise Ireland will be mandated to create over two thirds of its new jobs target, amounting to 30,000 new positions, outside Dublin.

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Varadkar: Housing crisis a ‘drag’ on overseas investmentTánaiste says Ireland’s infrastructure “not up to scratch” with foreign executives often asking about the provision of housing, water and energy before making investment decisions
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