Mr. Lawrence Owens:

The Deputy is correct that resilience can be built into the design of new developments and that the primary risk is to existing premises. This issue is putting questions in the minds of investors and developers. Rather than placing barriers in the way of inward investment, we should make the process as effective and efficient as possible. This issue presents a barrier and while I fully understand its complexity, any questions regarding insurance could cause potential investors to locate elsewhere. Cork needs to attract new retailers and businesses to the city. While it would be unreasonable to argue that this issue will prevent all potential investments, it will certainly cause potential investors to ask whether they should invest €1 million or €2 million in Cork or a safer location.