A renewed focus on attracting tourists to Ireland from India, the UAE and the Asia-Pacific region will receive millions of euro in Government funding under a plan set to be announced today.
Minister for Enterprise, Tourism and Employment Peter Burke will set out his department’s €4.7 billion capital investment strategy for the next five years.
The expenditure is part of the Government’s National Development Plan
A new era beckons for Irish tourism according to plans for the sector which will be published later.
It will be underpinned by new direct flights from several countries including Canada, the US, India and the United Arab Emirates.
More than €77m will be made available to promote the country overseas especially in regions which may have been ignored in recent years.
It is expected the allocations will include €1.1bn to support home-grown enterprises, €400m for the tourism industry and €100m for large-scale sites for the development of the next generation of computer chips and pharmaceutical manufacturing.
A new initiative called ‘Start up Ireland’ to support Irish companies seeking to become global brands, will be established.
There will also be €300m to aid firms to decarbonise, while €190m will be made available to quicken the adoption of AI technology.