The Ireland Advantage

Transcription

1 The Ireland Advantage Driving Organisation Performance Through Proven FDI Solutions ICBE Conference Leo Clancy, IDA Ireland

2 IDA Ireland Mission IDA will maximise the impact of FDI in the transformation of Ireland into a global hub for innovation and commercialisation, bringing new employment opportunities and economic benefits for all its people by sustaining and winning high quality investment. In collaboration with other stakeholders, IDA will ensure Ireland remains a uniquely attractive environment in which multinational companies can grow. 2

3 IDA Ireland - Structure & Role Irish Government Agency with a mandate to secure Foreign Direct Investment into Ireland An autonomous body with its own Board of 12 appointed members plus IDA CEO Government Department of Jobs, Enterprise & Innovation IDA Board Targeting long-term, sustainable investments from leading corporate investors Overseas Offices Sector Divisions Regional Offices

4 10 Steps of Transformation IDA Ireland Strategy,

5 The Ireland Advantage Over 1,000 leading international companies have chosen Ireland as a strategic base why? Talent A young, flexible and adaptable workforce with high productivity Technology Collaborative R&D environment between industry and academia Tax Corporation tax rate of 12.5% and tax credits available for R&D Track Record Investment inflows strong 2013 a record year for FDI to Ireland Education Higher % of graduates versus US, UK and OECD averages English Speaking Plus strong availability of major European languages Euro Member of Eurozone, competitiveness improved dramatically since 2008 Ease of Doing Business Ranked #1 country in the world for business by Forbes 5

6 Young, capable and flexible talent Young population 50% of population under 35 Strong education system highest number of graduates per head of population in EU Flexible workforce experienced in multinational business operations and with good industrial relations Visa free access to over 500 million people in Europe strong availability of multilingual skills Attractive place to live and work 1 st for flexibility and adaptability of workforce 1 st for attitudes to globalisation 3 rd for availability of skilled labour IMD World Competitiveness Yearbook

7 Top International Ratings for Ireland 1 st for business (Forbes 2013) 1 st for skilled labour 1 1 st for flexibility & adaptability of workforce 2 1 st for investment incentives 2 1 st for attitudes towards globalisation² 1 st in Europe for investor protection³ 1 st for inward investment by quality and value 4 1 st in Europe for the number of investment jobs per capita 4 1 st in Western Europe for Best to Invest 5 1 st in Europe for attaining third level education 6 1 st as Europe s most entrepreneurial country (Wall Street Journal) 1.Manpower IMD Competitiveness Yearbook World Bank, Doing Business Report IBM Global Location Trends Report Global Best to Invest Report, Site Selection Magazine, May Eurostat EU Labour Force Survey 2013.

8 Ireland FDI Performance Irish economy set for growth of 4.5% in was a record year for FDI employment (over 166,000 employed) and strong investment flows have continued throughout 2014 Labour market added almost 70,000 jobs since end 2012 and unemployment levels have been dropping for 27 consecutive months to September Significant improvements in competitive position Strong and integrated FDI sector: 120.8bn exports 1.3bn expenditure on R&D Growing supply base - 11bn of purchases from Irish suppliers 2.8bn of corporation tax 8

9 Recent Investments Doubling workforce to 200 people at European HQ in Dublin Announced investment of over $5 billion to prepare Leixlip site for next wave of technology Established Global Business Services hub in Cork creating up to 500 jobs Opened new EMEA HQ in Dublin, creating 100 new jobs Establishing 700 people technology and banking centre of excellence Announced additional 200 jobs over next three years in product development & support Establishing first software engineering hub outside US in Dublin Announced additional 100 jobs at EMEA Headquarters in Dublin Announced 260 new R&D and technical support roles in Dublin and Galway Announced 400 additional positions in Dundalk, in addition to 1,000 announced previously Expansion of European Operations with creation of 100 new positions Established new European Operations Centre in Limerick 9

10 Research & Development in Ireland Ireland has an excellent track record as a location for Research, Development & Innovation and over 1.3 billion was spent by multinational companies on R&D in Ireland in 2013 Galway has a Global R&D mandate for Cisco s Unified Communications and Collaboration Software 450 strong R&D team launching 80 new products per year Quark - First Intel product designed and developed in Ireland launched in 2013 European Development Centre working on cutting edge products Global R&D Centre of Excellence designing software solutions for enterprise customers EMC Research Europe in Cork focuses on cloud computing, big data and data centre research Dublin Galway Limerick Cork R&D lab collaborates with research institutions across Ireland Smarter Cities Technology Centre & 1 st R&D lab in European Union These centres are staffed by flexible, skilled teams working closely with their global business to deliver value 10

11 Some Key Trends for Inward Investment Talent will continue to be a key differentiator R&D will be increasingly important The pace of change will accelerate further Competition will increase Effective clusters & ecosystems are critical 11

12 The Irish Government FDI Policy View FDI Policy Statement, July

13 Thank You 13