What major contributions has FDI made to Ireland?
• A strong export-led contribution to economic growth. • Employment intensive growth. • A key driver of business friendly infrastructure, human resource development and regulatory change which has benefited the economy as a whole. • FDI has also been a key driver of new technology, skills, management and business know-how with a global orientation. It has also provided a breeding ground for Irish entrepreneurs. • FDI has given Ireland scale and critical mass in new technologies far faster than could otherwise have been achieved. • Substantial Corporation Tax revenues (an estimated €2.8n in 2009 alone), and additional tax revenue from income tax and indirect taxes, have helped us to be able to afford the cost of new infrastructure and human resource developments, envisaged under the National Development Plan, essential to sustaining economic growth in the future.
