Foreign Direct Investment continues to be one of the key components of the Irish economy, and as Minister for Enterprise, Tourism and Employment, I am determined that Ireland remains a leading location for FDI.
While Ireland’s long-standing track record as a resilient, stable and innovative location in which to do business provides a strong foundation for attracting new investment, with increasing competition for investment, decisions are influenced by the value proposition of different jurisdictions and, critically, by IDA’s targeted support.
IDA’s 2025-29 strategy, Adapt Intelligently, aims to safeguard and grow Ireland’s existing FDI alongside a continued focus on winning new investment. The strategy seeks to build on IDA’s successes to date, supporting continued long-term investment through the transformation of the existing client base and leveraging new opportunities and sectors.
Central to the strategy is an emphasis on partnering with the existing 1,800 clients, employing over 312,000 people across the country, to identify opportunities to safeguard and strengthen long-term investment in Ireland. IDA Ireland doesn’t just focus on attracting new investments; it also provides ongoing support to existing clients to increase the competitiveness of their Irish operations. Capital grants are critical to supporting clients to increase competitiveness through investment in RDI, digitalisation, talent development and sustainability, and to the attraction of new investors to Ireland in an increasingly competitive environment. Action on one or more of these areas can be transformational, providing the foundation on which IDA Ireland clients can protect their already sizeable economic impact in Ireland and position their Irish sites to capture future growth opportunities.
This evolution in IDA Ireland’s approach, with a greater emphasis on transformation, has been reflected in the agency’s strategic targets and recent performance. Transformation focused investments by the existing FDI base – in RD&I, talent development, and sustainability – have increased significantly, and now account for approximately half of IDA Ireland’s annual investment approvals from approximately one-fifth in 2019. This has been accompanied by an 92% increase in annual RD&I spend commitments by clients, from €1.3bn in 2019 to €2.5bn in 2025. Over the same period, total employment in the portfolio has continued to grow, reaching a record 312,000 people in 2025.
IDA Ireland’s transformation supports have also been accompanied by targeted, strategic and temporary supports developed in partnership with my Department to protect jobs and economic activity in Ireland by supporting impacted clients to navigate challenging periods, including COVID-19 and the energy price shock following the Russian invasion of Ukraine in 2022.
Table 1. below outlines the largest investments for which IDA Ireland provided grant support since 2015. Grant supports outlined below totalled €253.5m and is associated with a total client commitment of expenditure of over €1.5bn mainly in high value RD&I in Ireland. This expenditure has helped to underpin these companies’ operations in Ireland. In total these companies:
• employ 12,551 in Ireland, 2025, up from 9,426 in 2019 (+33%)
• invested €24.4bn in capital expenditure since 2019 (to 2024)
• invested €9bn on RD&I since 2019 (to 2024)
• spent €2.6bn in the Irish economy in 2024 (payroll, Irish goods and services) up 54% since 2019.
Table 1. Largest investments grant aided by IDA Ireland (2015- 2025).
|
Client name
|
Support Type
|
Grant Approved €
|
Amount drawn down to date €
|
Year of granting
|
|
Analog Devices International Unlimited Company
|
IPCEI on Microelectronics
|
85,000,000
|
30,241,141
|
2024
|
|
Software Labs Campus Unlimited Company/IBM Ireland Limited/Red Hat Limited
|
RD&I
|
32,938,727
|
4,469,967
|
2025
|
|
Intel Ireland Limited
|
Microelectronics Manufacturers Ukraine Enterprise Crisis Scheme
|
30,000,000
|
21,241,702
|
2023
|
|
Microsoft Ireland Research Unlimited Company
|
RD&I
|
20,735,357
|
-
|
2025
|
|
Stryker Ireland Limited / Stryker European Operations Limited / Howmedica International S. De R.L.
|
RD&I
|
20,000,000
|
19,984,095
|
2019
|
|
Xilinx Ireland Unlimited Co - Advanced Micro Devices, Inc. (Amd)
|
RD&I
|
13,631,735
|
2,143,640
|
2023
|
|
Sirius Xm Ireland Limited
|
RD&I
|
13,034,534
|
-
|
2025
|
|
Stryker Nv Operations Limited / Stryker European Operations Limited
|
RD&I
|
12,935,164
|
-
|
2024
|
|
Stryker Ireland Limited / Stryker European Operations Limited
|
RD&I
|
12,726,769
|
1,782,568
|
2024
|
|
Analog Devices International Unlimited Company
|
RD&I
|
12,552,460
|
12,552,459
|
2023
|
Note: Table 1 contains information published on Transparency Aid Module (TAM) and up to date as of April 29th, 2026. The information is based on signed grant agreements.
