Lobbying

Commitment to increase capital expenditure vital for competitiveness

The publication today (14/09/2017) of the Mid-Term Review of the Capital Plan is an important step towards improving Ireland’s competitiveness and ability to meet future challenges.

Commenting on the Review, Chambers Ireland, Chief Executive, Ian Talbot said, “An additional €4.1 billion being committed to capital spending between 2018-2021 will be welcome news to businesses across the country. This increased spending by Government is an important first step that will fund important infrastructure projects in priority areas such as transport, housing, water, and will drive continued economic improvement.

As economic conditions improve, the Government will have the opportunity to increase capital spending further and achieve the target of 4% of GDP that Chambers Ireland called for in our Pre-Budget 2018 Submission.

“The allocation of spending will provide the details and announce the anticipated infrastructure projects that are crucial for the economy. We are strongly in support of the forthcoming 10-year National Investment plan 2018-2027, being aligned closely with the publication of the National Planning Framework, Ireland 2040, in order to ensure that all capital investment is spent strategically to deliver long-term benefits.”

 

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"Waterford is a very attractive location for Foreign Direct Investment as it is a dynamic city which is very much open for business – the city has a proven track record of attracting investment from start-ups and expanding business, who are hugely supported by Waterford Chamber. The city, county and region offers a young, well educated workforce and is easily accessible for international visitors. Waterford’s quality of life for employees is exceptional as it blends elements of rich cultural heritage with a new and vibrant lifestyle – with new additions such as the Greenway further showcasing the county to not only locals, but visitors from all over Ireland and overseas. The Chamber has been a vital link in welcoming our companies into the local Business Community – helping them not only network, but also gain a sense of community and belonging."

Brendan McDonald, Regional Manager, South East Region, IDA

 

 

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