IDA Ireland

Definition

IDA Ireland is the national agency responsible for attracting foreign direct investment (FDI) to Ireland. 

What is IDA Ireland?

The primary purpose of IDA Ireland is to attract foreign companies to invest in Ireland. It targets multinational corporations across various sectors, encouraging them to establish or expand their operations in Ireland.

IDA Ireland promotes Ireland as an attractive destination for foreign investment through marketing campaigns, networking events, and engagement with international businesses and industry leaders. It highlights Ireland’s skilled workforce, business-friendly environment, competitive corporate tax regime, access to European markets, and supportive infrastructure as key selling points.

While IDA Ireland primarily focuses on attracting foreign investment to key urban centres such as Dublin, Cork, and Galway, it also works to promote balanced regional development by encouraging investment in less economically developed areas. It seeks to spread investment and job opportunities across the country, supporting local economies and communities.

IDA Ireland collaborates closely with other government agencies, regional development authorities, educational institutions, industry associations, and business networks to promote Ireland’s attractiveness as an investment location and to provide comprehensive support to foreign investors. This collaborative approach helps to leverage Ireland’s strengths and resources effectively.

The foreign investment attracted by IDA Ireland has a significant positive impact on the Irish economy. It creates high-quality jobs, stimulates innovation and technology transfer, fosters skills development, drives export growth, and contributes to the overall competitiveness and prosperity of the country.