It was announced today that Bank of Ireland will open a second FDI Hub for international companies looking to locate to Ireland. The FDI Hub, based in the Bank’s building on College Green, will complement the existing space on Stephen’s Green. The space provides complimentary office and meeting space for international companies planning to set up in Ireland.
The spaces at Stephen’s Green and College Green will provided 55 hot desks and 7 meeting rooms for FDI companies in prime Dublin city centre locations. The Bank will also offer spaces for these companies at the Bank’s innovative Workbenches based in Cork, Galway, Limerick and Kilkenny.
Bank of Ireland is the first and only Irish bank offering this service to FDI companies and it continues Bank of Ireland’s support for businesses of all stages through its workbenches, startlabs and FDI spaces.
This follows the success of the Stephen’s Green FDI Hub, which opened its doors in March 2017. Over 30 FDI companies have availed of the space in just under a year, with the Bank of Ireland Innovation and Corporate Banking teams noticing an increasing demand from UK and International companies since Brexit. The top markets that are utilising the space include the US, UK, China, Australia, Japan and Canada.
Speaking about the announcement, Chief Executive Bank of Ireland Corporate Banking, Tom Hayes said, "It’s also great to see the breath of countries where the companies are from, showing that Ireland is firmly on the map for companies exploring their post-Brexit options. In particular, we have noticed an increase in companies coming to us from countries that would have normally focused FDI activity in the UK. Launching a second FDI Workbench, in just under a year from when we opened our first, is testament to how successful this initiative is."
He added, "We look forward to welcoming and supporting a new crop of international companies in the weeks and months ahead."