Transcript Dundalk Chamber of Commerce Presentation

ALL ISLAND ECONOMY
Thinking in a new way
A challenge for North and South
Dundalk Newry Warrenpoint
ALL ISLAND ECONOMY
THINKING IN A NEW WAY
A CHALLENGE FOR
NORTH AND SOUTH
Dundalk Newry Warrenpoint
30 second speech
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Border has decimated area not just since 1970
2 currencies, laws etc. all impedes growth
Creation of black economy
Dundalk lost all 4 pillars, engineering, shoes,
tobacco, brewing
• Statistics prove it , Dundalk poorest Gateway
Newry 3rd
• Strong infrastructure, population and cluster
of industry means rapid growth possible
Dundalk Newry Warrenpoint
Dundalk Newry Warrenpoint
Dundalk, too, compares poorly
McARDLE REPORT
GATEWAYS/HUBS DEVELOPMENT INDEX 2012
SUMMARY REPORT MAY 2013
populationenterprise Knowledge
Natural Transport
Health Crime Deprivation Overall
employment
Physical
Dundalk
Letterkenny
Waterford
Midlands
Limerick
Sligo
Cork
Dublin
Galway
5.1
5.1
3.9
4.8
4.4
4.6
5.3
5.8
6
4.3
3.8
5.1
4.7
5.3
4.6
5.8
6.2
5.3
4
4.1
4.7
4.1
5.3
4.4
5.8
6.2
6.4
5.6
4.3
5.6
5.1
5.5
4.3
4.7
4.2
5.7
5.3
4.8
5
4.9
4.9
4.9
5.1
5.3
5
5 is average. Anything below indicates below average
Dundalk's score on natural is due in part to the sewage infrastructure
Transport is due to it being on the Dublin/Belfast corridor
The overall score is NOT weighted
Dundalk Newry Warrenpoint
4.7
5.4
5
4.7
3.5
5.5
4.6
5.7
5.9
4.1
5.2
4.2
5.6
4.1
6.4
5
3.9
6.5
3.8
3.8
4.1
4.4
5.1
5.2
5.9
6.3
6.3
4.6
4.6
4.7
4.8
4.8
5
5.3
5.4
5.9
Newry Dundalk Drogheda
• Border region which has Gateway critical mass
• Good clustering of both FDI and Indigenous multinationals
• Good transport links
• Dundalk has largest number of people within 120 km on the
island (all of Dublin + Belfast) and Drogheda if 80km used
• DKIT and other third level universities
• Huge tourist potential Boyne and Mourne/Carlingford Lough
Dundalk Newry Warrenpoint
Dundalk Newry Warrenpoint
Recommendations
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4.
Give enhanced capital allowances (this is ONLY a timing issue)
Include Dundalk in the Living City Initative
Market the area of Gullion/Cooley/Mourne as a single tourist destination
Recognition in each other jurisdiction of EIIS/BES Business Expansion
scheme
5. Target specific industries,
a. Transport
b. Hospitality/Geo Tourism
c. Financial services (First Derivatives/PayPal/Vesta}
d. Low carbon (building on Glen Dimplex, Kingspan etc.,)
e. Pharmaceuticals (Advanced IDA site in place for 10 years with no
buildings)
6. Special measures to be for a period certain contd./
Dundalk Newry Warrenpoint
Dundalk Newry Warrenpoint
The Future
DUNDALK/NEWRY ECONOMIC ZONE -TO TARGET
• Specific industries, e.g. Tourism Pharmaceuticals,
Logistics, H.Q.
• Specific time, e.g. 5 year plan, 10 year in operation,
2025
• Not for relocation or displacement within island
Dundalk Newry Warrenpoint
Thank you
About the Eastern Region
• Straddling the border
between northern and
southern Ireland south
Armagh, south Down
and north Louth
Dundalk Newry Warrenpoint
Newry Dundalk Drogheda
• Louth County Council - European and Economic Unit
- Business
Support Unit
• Louth Economic Forum
• MOU between Louth Local Authorities with Newry and
Mourne and now with Down added
PLUS
• Outside organisations
-e.g. Education, Chambers, etc.
THEREFORE THIS REGION HAS INSTITUTIONAL SUPPORT
Dundalk Newry Warrenpoint
Newry Dundalk Drogheda
• Border region which has Gateway critical mass
• Good clustering of both FDI and Indigenous multinationals
• Good transport links
• Dundalk has largest number of people within 120 km on the
island (all of Dublin + Belfast) and Drogheda if 80km used
• DKIT and other third level universities
• Huge tourist potential Boyne and Mourne/Carlingford Lough
Dundalk Newry Warrenpoint
Cross Border Analysis
• 2006:
Buchannan
• 2009:
ICLRD
• 2011:
MoU
• 2011:
McArdle - Economic Zone
• 2012:
Bradley - Cross Border Studies
Dundalk Newry Warrenpoint
McArdle Summary Report
• Dundalk poorest of gateways and lowest
growth
• 9 of 10 sub regions below national deprivation
index average
• North East lost out more than North West
• Newry 3rd worst in North
• Pull of Dublin Belfast outweighs advantages
Dundalk Newry Warrenpoint
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Dundalk Chamber response
Work with LEF
Work with DSP
Work with DKIT
Create stronger ties with Northern chambers
Organise training and other supports for
members
• Network
• Identify future job potential
• transport, hospitality marketing
Dundalk Newry Warrenpoint
Impact of Border
• Dublin and Belfast both see region as a
periphery
• Dublin looks to Cork Limerick
• Belfast to Ballymena Derry
• Irelands Ancient East forgets the land of Cu
Chulainn
• Two currencies
• Loss of critical mass
Dundalk Newry Warrenpoint
IMPACT OF BORDER
• Economic zone would be a positive statement
by EU
• Germany made positive steps to reintegrate
itself by assisting East Germany
• We need to show Belfast its future is in EU
with us
• Border has damaged the Dundalk region since
1920
Dundalk Newry Warrenpoint
Impact of border
• Growth in population poor compared to other
cities
• We need to be part of Living city. Larger
population than Kilkenny
• Rates recognition of border retail.
Competition is with Newry and Belfast every
bit as much as Dublin
Dundalk Newry Warrenpoint
CROSS-BORDER ECONOMIC RENEWAL
Rethinking Regional Policy in Ireland - Bradley 2012
• Periphery
• 2 different jurisdictions/Agencies
• Need for clusters
• Spatial, Sectorial and Institutional
• Growth in
Tourism
SME
Agriculture
AGED and
Low carbon sustainable
E Warrenpoint
Dundalk Newry
ICLRD 2009 – Newry/Dundalk Twin City Region
Objectives:
• Coordinated approach;
• Joint actions;
• Common databases;
• Alignment of legal and institutional frameworks.
Proposals:
• Joint Centre of Excellence for sustainable energy;
• A cross-border international services zone;
• Geo Tourism;
• Coordinated regeneration strategy for older areas;
• Skills, education and training programmes
Dundalk Newry Warrenpoint
The Future
DUNDALK/ NEWRY ECONOMIC ZONE
• Belfast to reduce Corporation Tax
threat/opportunity
• MOU with Newry and Mourne (Enhance)
• TO ALLOW DUNDALK TO CATCH UP
• Need to work with all State Agencies, most of which
based in town.
24/01/2012
Dundalk Newry Warrenpoint
CROSS-BORDER ECONOMIC RENEWAL
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Tourist potential if region sold AS ONE
Reciprocal recognition of EIIS and BES.
We have produced world class entrepreneurs
Naughton, McCann Goodman Haughey
GlenDimplex, Fyffes AIBP Norbrook
Next generation includes Digiweb, Horseware
First Derivatives
Dundalk Newry Warrenpoint
The Future
DUNDALK/NEWRY ECONOMIC ZONE -TO TARGET
• Specific industries, e.g. Pharmaceuticals, Logistics,
H.Q.
• Specific time, e.g. 5 year plan, 10 year in operation,
2025
• Not for relocation or displacement within island
Dundalk Newry Warrenpoint
The Future
DUNDALK/NEWRY ECONOMIC ZONE
• Rates remission, on NEW entrants (domestic or
international)
• Fast track planning
• Tie in with Louth Economic Unit
• Tie in with new Super Council in North
Both councils now given more responsibility re
economic growth
Dundalk Newry Warrenpoint
The Future
DUNDALK/NEWRY ECONOMIC ZONE - HOW?
• Enhance tax allowances within zone
– Capital allowances (green), R+D
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Not repeat NOT looking for money/timing only
Rates remission
Employment initiatives to encourage cross border
DKIT
Link with UK incentives
Enhance Business Expansion Schemes and other
reliefs
Dundalk Newry Warrenpoint
The Future
DUNDALK/NEWRY ECONOMIC ZONE – HOW?
• Increase use of RAPID areas e.g. Coe’s Road
(Dundalk)
• Albert Basin (Newry)
• SEAI targeted areas with Enterprise Ireland
• Increase tourist infrastructure
Dundalk Newry Warrenpoint
Dundalk Newry Warrenpoint
Recommendations
1.
2.
3.
4.
Give enhanced capital allowances (this is ONLY a timing issue)
Include Dundalk in the Living City Imitative
Market the area of Gullion/Cooley/Mourne as a single tourist destination
Recognition in each other jurisdiction of EIIS/BES Business Expansion
scheme
5. Target specific industries,
a. Transport
b. Hospitality/Geo Tourism
c. Financial services (First Derivatives/PayPal/Vesta}
d. Low carbon (building on Glen Dimplex, Kingspan etc.,)
e. Pharmaceuticals (Advanced IDA site in place for 10 years with no
buildings)
6. Special measures to be for a period certain contd./
Dundalk Newry Warrenpoint
Dundalk Newry Warrenpoint
Recommendations
7.
Coordinate with UK employment initiatives
8.
Encourage cross border movement of capital and employment
9.
Design policies to avoid diisplacement from other regions on the island
10. Extend and enhance the Louth/Newry Mourne Down MoU
11. Share and support facilities such as Hospitals and other infrastructure
12. Improve access to the greater Down area from Louth and Belfast
Dundalk Newry Warrenpoint
McArdle 2011 Report Recommendations
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Establish a Cross-Border advisory service, (Oersund, Denmark/Sweden)
Improve regional & cross-border statistics*
Participate in the St Andrews review *
Counteract the view that the NW is the most deprived border area*
Assess the Vienna-Bratislava attempt to attract inward investment
Review the implications of the downgrading of the NW Gateway objective
to a Virtual Cross Border Technology Park
Seek formal Gateway status similar to the North West*
Participate in the review of the next State Aid guidelines*
Explore possible designation as a cross-border zone for State Aid*
Review progress in implementing the ICLRD recommendations
Prioritise practical steps in context of the Memo of Understanding
between Newry and Dundalk*
Dundalk Newry Warrenpoint
The Challenges
• Evidence clearly indicates that, for a sub-region to attract significant
domestic and international investment, it must contain at least one cityregion of sufficient size.
• This implies access to sizeable pools of suitably qualified workers,
adequate supporting infrastructure, and good-quality public and
commercial services.
• A joined-up approach not only assists in meeting these requirements but
also supports efforts to attract and leverage scarce public and private
funding for wider regional infrastructure and regeneration initiatives.
• In sum, Newry and Dundalk need to think and act regionally if they want
to compete in the market place….With urban populations of 28,000 and
35,000 respectively, neither Newry nor Dundalk has the critical mass to
compete (separately) in the global economy.
• Source: The Newry-Dundalk Twin City Region – ICLRD, Jan 2009
Dundalk Newry Warrenpoint
Memorandum of Understanding
Co operation Themes
• Emergency Planning
• Renewable Energy and Green Technology
• Tourism and Recreation
• Sustainable Economic Growth and Job
Creation
Dundalk Newry Warrenpoint