Dundalk Chamber representatives, Rodd Bond, Pat McCormick and Paddy Malone met with Minister Eoghan Murphy recently in Dundalk. This was a follow up meeting to the Brexit conference on International Financial Services, IFS held in Dublin Castle.
Paddy Malone pointed out the attractiveness of Dundalk and County Louth as a base for IFS companies wishing to relocate from UK. Our targets were the second tier companies who at the moment are probably based outside London. Dundalk had a number of unique advantages including
- Access to 3 international airports,
- Motorway and rail connection to both Dublin and Belfast
- Fastest broadband in Europe
- Possibility of living in Newry (remain resident in UK) and commuting
- Significant zoned land bank both for residential and commercial
- Third level college in town and access to 6 others
Pat set out the relatively poor impact the FDI industry has in the region. This gap has not closed in since 2006. The average wage rate in FDI companies here is lowest in Ireland and their purchasing from local suppliers is also poor. We require a manufacturing plant to utilise the Mullaharlin site.
Rodd set out the need for the National Spatial Plan to recognise the importance of Louth and in particular Dundalk in the context of regional planning and also BREXIT.
Minister Murphy thanked the Chamber for the various supporting documents, indicated that we had made a strong case and invited the Chamber to follow up with him on this in the near future.
The Chamber undertook to have further discussions with local stakeholders and to develop the concept further.
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- Download: Murphy Press Release