Jobs outside Dublin
Deputy Tóibín criticised geographic imbalance, job losses in Shannon and Cork, and overreliance on foreign direct investment. The Tánaiste defended the national planning framework and said the Government wanted growth outside Dublin to proceed faster.
Molex Ireland intends to close its facility in Shannon while 300 people are set to lose their jobs in Novartis in Cork. Ireland is radically imbalanced geographically at present, with investment, jobs and infrastructure going to Dublin. It is becoming a city state and it has got worse under this Government. It is also radically exposed in respect of its economic model. Foreign direct investment is good and should be pursued, but Ireland is over-reliant on it. Our indigenous sector is the poor relation in Government policy. It has deeper roots, is more sticky and is less mobile and less exposed to corporation tax and tariff changes. These corporation tax and tariff changes are coming down the track. When will the Government start to prioritise regional Ireland and make sure that indigenous business is not the poor relation?
Comment on this
That is exactly what the new national planning framework and the 2040 plan are all about - ensuring that as population growth continues, it happens at twice the pace outside Dublin as in Dublin. The investment decisions and priorities we are making are consistent with that. I do not disagree with much of what the Deputy said, although I would not draw conclusions from the unfortunate announcements this week of job losses in Shannon and Cork. There are other reasons for those. In terms of the broader approach of ensuring economic development outside of Dublin and creating counterbalances of scale to Dublin as a driver for jobs growth and investment, that is exactly what the Government is trying to do.