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Strategy: Feargal De Freine of EY says focus is on quality over volume

Strategy: Feargal De Freine of EY says focus is on quality over volume

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The number of foreign investment projects in Ireland dipped slightly last year as France beat Britain to top the European league for the first time, according to a survey by consultants EY.

Despite the decline in number of projects here last year, EY's European Attractiveness Survey said the businesses had indicated investments into the State would continue to be robust despite growing trade tensions, concerns over supply chains in the post-Covid era and Brexit.

"While a reduction in the total number of projects may attract attention, it's important to note that Ireland's strategy has been to focus on the value and quality of the FDI it attracts rather than the volume," said Feargal De Freine, who heads EY Ireland's foreign direct investment arm.