Oireachtas Joint and Select Committees

Tuesday, 26 May 2015

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

All-Island Economy: Discussion (Resumed)

1:30 pm

Mr. Paul Mac Flynn:

In terms of the Border region, perhaps State investment taking a greater and more strategic role. I did not get a chance to mention it, but in terms of developing an enterprise strategy, which is something we have talked about for the entire economy, State research and grants, North and South, could be aligned towards a common goal for particular sectors across the island. Regional growth involves identifying where particular sectoral or industrial strengths lie within particular regions, and then deciding to make a long-term commitment in terms of focused capital spending or research grants towards a goal of growth in a particular sector. There is a danger that we fall into the trap of thinking that all that is needed is the cutting of red tape and of tax allowances and then such activity will magically appear in the Border region. We may end up with no increase in activity overall.

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