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Chamber welcomes Technological Universities Bill fast-track

 

WIT Library 1

 

Waterford Chamber has welcomed Minister of Education and Skills Richard Bruton’s promise that the 2015 Technological Universities Bill will be fast-tracked when the Dail resumes in September.

 

Waterford Chamber continues to be vocal on the need for University status for Waterford and responding to the latest development, Chamber President Paul Nolan said: “We welcome Minister Bruton’s acknowledgment of the urgent need for Universities to provide the necessary talent and innovation required for development within the regions.

 

“With the intended population growth and the continuous skills shortage, now is the time to act and we hope Minister Bruton and his team, including Minister Mary Mitchell O’Connor and Minister Halligan will endeavour to get this bill passed without delay.” 

 
Statement in respect of job losses at House of Waterford Crystal

 

House of Waterford Crystal

 

Reacting to the news that House of Waterford Crystal have issued redundancy letters to the entire 10 man design team, Waterford Chamber CEO Gerald Hurley said: “This is very concerning and a disappointing announcement for Waterford, particularly in light of the recent CSO figures. House of Waterford Crystal has been a loyal member of Waterford Chamber for many years and we offer every assistance to them at this difficult time.

 

“The name Waterford Crystal is synonymous with Waterford and to lose its design team, which is to the heart of what they do is a terrible blow. We are calling on the Government and local agencies to step up and make job creation within the region an immediate priority.”

 
Motorway of vital importance to regional growth

 

Chamber Chief Executives from across the South East are unified and clear in the message that available fiscal space should be focused on capital investment and addressing the urgent infrastructure needs across the region, namely the provision of a new motorway between Waterford and Limerick.

 

Re-iterating the importance of connectivity between the South Region region and the west, Gerald Hurley, CEO of Waterford Chamber said: “Budget 2018 is an opportunity for Government to deliver the resources necessary for infrastructure projects nationwide. It is clear to see the current planning regime is no longer fit for purpose and we welcome the ideology behind the National Planning Framework. Priority must be the development of motorway connectivity between Waterford to the M8 and onwards to Limerick. If that was completed, we would then have motorway connectivity between the cities of Waterford, Cork and Limerick and ultimately to Galway.

 

“This measure would greatly enable these four cities become real economic drivers for their respective regions and benefit close of 500,000 people in the South East. And of equal importance is the competitive value of the improved ‘just-in-time’ delivery services to Ireland’s vital export markets.”

 

South East Chambers are not alone in vocalising this issue, with the Small Firms Association endorsing the motorway, saying “It is vital to continue to develop road connections throughout the country, in particular to ‘join up’ regional cities, both existing and emerging. This would allow increasing volumes of passenger and freight traffic to move quickly around the country and improve access to services such as regional hospitals and educational institutions. A real motorway network could include a motorway connection between Wexford and Galway, giving easy access to Cork and Limerick.”

 

This comes on the back of the Chambers Ireland Executive Forum in Kildare this week, where delegates from across the country met to discuss the key issues of importance to Irish business ahead of Budget 2018. The overwhelming response from the meeting was that Chamber leaders want Government to recognise the important infrastructure challenges facing the economy.

 

Ian Talbot, Chief Executive of Chambers Ireland said, “Through investment in vital infrastructure projects across the country, Ireland can tackle the major issues facing the economy. Serious deficits in transport and water infrastructure, housing shortages in urban areas and a digital divide in terms of broadband provision all require urgent and adequate investment. This can only be achieved through Government commitment to increase capital spending to at least 4% of GDP. Significant investment in such infrastructure will enable businesses to thrive and keep pace with the demands of our growing economy.” 

 
Golf Classic 2017

 

GolfClassic2017

 

This year's Golf Classic will take place at Waterford Golf Club on Friday, 28th July.

 

This will be a 4-Person team event with a shotgun start at 2pm (registration is at 1pm). Prizes for 1st, 2nd, 3rd, nearest the pin and longest drive, with thanks to House of Waterford Crystal.

 

Enter a team: €350 + VAT for team of 4

Sponsor a tee sign: €100

 

Bookings: To book a team or sponsor a tee sign please call Lynda at 051 311130 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
Meeting with Mary Lou McDonald TD

 

Sinn Fein 1

 

Waterford Chamber welcomed the Deputy Leader of Sinn Féin Ireland, Mary Lou McDonald TD and David Cullinane TD to Chamber offices on 7th July for an open and frank discussion on the challenges and opportunities in Waterford right now.

 
9% VAT rate for tourism & hospitality sector must be retained

 

Following on from the revelation yesterday that the Department of Finance has advised Minister Paschal Donoghue TD that the special 9% VAT rate for the tourism and hospitality sector should be phased out, Waterford Chamber President Paul Nolan said: “The reduction in the VAT rate has helped improve the competitiveness of this sector for overseas tourism to the island of Ireland, including 4.9 million British visitors, worth €1.5 billion, in 2016 as a result.

 

“Brexit, however, is likely to have a significant impact on tourism through currency volatility and potential reduction in visitor numbers from the UK. Research suggests that outbound travel from the UK will decline by 2.5% in 2017 which will have a significant impact on Ireland. As such, Waterford Chamber takes the view that an increase to the VAT rate of 9% at this uncertain time would be detrimental to the sector.”

 

The abolition of the 9% VAT rate would raise €500 million according to the Department of Finance. However, Chambers Ireland, through their Pre-Budget Submission has advised Government to retain the 9% VAT rate as an important support to help combat Brexit challenges and as a support for regional and rural employment in the tourism and hospitality industry.

 
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Calendar of Events 2017

 

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