IDA Ireland unveils new five-year strategy, ‘Adapt Intelligently: A Strategy for Sustainable Growth and Innovation, 2025-29’
In February, IDA Ireland unveiled its new five-year strategy, ‘Adapt Intelligently: A Strategy for Sustainable Growth and Innovation, 2025-29’.
IDA Ireland’s new strategy,’Adapt Intelligently: A Strategy for Sustainable Growth and Innovation, 2025-29′, released in February, has been developed from a position of strength evidenced by the significant economic impact delivered to Ireland and the global economy through the investments from IDA Ireland’s client base.
The FDI sector accounts for 11% of total national employment and expenditure of over €38bn in the Irish economy annually. Ireland is viewed internationally as a centre for value and knowledge creation, exporting over €420bn in goods and services globally on an annual basis.
The new strategy, which is aligned with the Programme for Government and the White Paper on Enterprise, sets out IDA Ireland’s ambition for continued growth through four key strategic objectives. They are:
Strengthen long term investment
IDA Ireland will prioritise retaining and renewing the 1,800 client companies based in Ireland, acknowledging their vital role in the Irish economy.
Scale cutting-edge innovation
Ireland’s FDI base has helped position the country as a central hub for global technological innovation. The new strategy aims to build on the existing innovation ecosystem, enhance pan-European and global innovation linkages, and increase the scale and impact of innovation by supporting next-generation and collaborative research, development, and innovation (RD&I).
Drive sustainable change
Ireland has the potential to be a prime location for green-powered and digitally enabled enterprises. IDA Ireland will collaborate with clients to enhance their digital maturity and sustainability, while attracting a new wave of green and digitally enabled investments.
Maximise regional opportunities
Maintaining the strength of Dublin as a key global hub remains a strategic priority. The significance of our capital city enables the attractiveness of Ireland and supports our ambition for balanced regional development. IDA Ireland client companies employ over 165,000 people in regional locations across Ireland, benefiting from the local ecosystem, infrastructure, and talent to drive investments. The regional strategy has proven to be successful, and IDA Ireland is committed to further enhancing regional opportunities for clients by providing next-generation sites and building solutions.
Minister Peter Burke, Minister for Enterprise Tourism & Employment said: “I very much welcome the publication of IDA Ireland’s new strategy today and recognise the importance of ensuring we work together to protect FDI’s position as a cornerstone of Irish economic success. Ireland remains committed to foreign direct investment (FDI) as one of the key components of the Irish economy. We have proven adept in the past at anticipating and responding to shifts in the global landscape, realising growth opportunities as sectors evolved and new technologies emerged. In a period of marked global change and uncertainty, this strategy will direct the focus of IDA Ireland as it partners with client companies to enhance the resilience, productivity, and innovation of Ireland’s FDI base.
In a world of uncertainty, companies can be certain that Ireland remains determined to remain a leading location in which to grow, innovate and succeed. Through decades-long partnership across the public and private sector, Ireland has won investment and built up an FDI base in high value, cutting edge services and manufacturing sectors. Protecting this existing base, positioning it for further success and securing the next generation of investment is of critical importance. This strategy will ensure IDA adapts to a changed global landscape to achieve these ambitious objectives.”
For more information, visit IDA Ireland’s website.
