Enterprise Ireland drive to win new UK investment in Irish food industry

28th May 2014

Enterprise Ireland is today (Wednesday 28 May 2014) holding an event in London reaching out to leading international food companies and highlighting the opportunities for investment in Ireland in the food industry. Hosted by the Embassy of Ireland, London, the theme of the event is ‘Accelerate Your Business in Europe’ and the role that Ireland and the Irish food sector can play in driving company growth.

Over 75 key decision makers from UK and other international companies and their advisors are attending, along with strategic UK experts and leading investment institutions. Minister of State, Tom Hayes T.D. will address the group.

This event reflects the very high level of investment activity in the food sector over the past year, and the record number of new food projects supported by Enterprise Ireland. It also reflects the key importance of the UK market for Ireland. Over €87 million was invested by European companies in the Irish agri-food sector in 2013. Almost 50% came from the UK, making it one of Ireland’s most important sources of investment in the sector. These international food companies have a major impact on the Irish economy in terms of direct investment and job creation. In addition, in general they use 70% local products and resources meaning that the positive knock-on effect for the local economy is very significant.

Speaking at today’s event, Minister of State Hayes said: ‘The food sector enjoys a position of strategic importance in Ireland, which is recognised by our Food Harvest 2020 strategy. We aim to make Ireland the go-to European location for mobile food manufacturing operations. Ireland has strength and depth in the food and food-related sectors and is gearing up to deliver sustained export growth. This Enterprise Ireland event is an important part of Ireland’s drive to win new international investment, and I welcome and support it’. Minister Hayes met with Ranjit Singh, CEO of 2 Sisters Food Group, at the event, congratulating him on the latest Green Isle €30 million investment creating 115 new jobs in Ireland – Green Isle is part of 2 Sisters. ‘The purpose of today’s event is to encourage similar projects in Ireland’, said Minister Hayes.

Michael Cantwell, Enterprise Ireland Head of Food, said: ‘Enterprise Ireland is proactively in the market looking for new projects for Ireland as well as working together with the international food companies already in Ireland. We help our partners to grow their business from Ireland, creating value for them and enabling them to create new jobs in Ireland’.

ENDS

For further information please contact the Press Office