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 |