Poor facilities could scupper IDA’s multinational targets

IDA Ireland, the state agency responsible for luring multinationals to Ireland, might not be able to reach its ambitious investment targets due to a lack of property facilities.

15th May, 2010

IDA Ireland, the state agency responsible for luring multinationals to Ireland, might not be able to reach its ambitious investment targets due to a lack of property facilities.

A confidential IDA internal audit has revealed that the agency’s targets are at risk because developers cannot secure finance to build appropriate properties for multinational companies. Lack of suitable property is particularly prevalent in regional towns.

Five target towns with particular problems were named in...

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