Oireachtas Joint and Select Committees

Tuesday, 2 October 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Employment and Youth Unemployment Issues and Pre-Budget Submissions: Discussion with IBEC and SFA

3:25 pm

Mr. A. J. Noonan:

Funds from the UK are coming into Ireland trying to replace the banks. Many of the banks are closed for all intents and purposes. Certainly in the health care sector there are many UK funds coming to invest in it. They are taking a longer long-term view. They are also looking at other infrastructural projects as well as health care. I completely agree with Ms Callan that there is a significant bureaucracy involved in saying "No".

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