Filter

Question

428. Deputy Michael McGrath asked the Minister for Justice and Equality the number of approvals granted under the immigrant investor programme in each of the years 2014 to 2018; the overall amount invested under the programme in each of the years; and if he will make a statement on the matter. [54393/18]

Answer

Minister for Justice and Equality (Deputy Charles Flanagan): The Immigrant Investor Programme (IIP) was introduced in April 2012 to encourage inward investment to create business and employment opportunities in the State.
A breakdown of the number of approvals and the overall value of approved applications for the years referred to by the Deputy is set out in the following table.

Application Year Number of Approved Applications Total Value of Approved Applications
2014 30 €14,950,000
2015 65 €35,250,000
2016 272 €154,100,000
2017 294 €269,500,000
2018 38 €32,000,000
TOTAL 699 €502,800,000
It should be noted that a total of 420 applications were received in 2018 of which 379 are currently being processed. A decision on a significant number these applications is expected in the coming weeks once processing has been completed.