Oireachtas Joint and Select Committees

Thursday, 26 November 2015

Public Accounts Committee

Bord na gCon Financial Statements 2014

10:00 am

Mr. Phil Meaney:

Absolutely. A point I would like to add is that most of the jobs are in rural areas. If they were to go, they would not be easily replaced at the moment. The economists tell us that every 1,000 people who move from employment to being dependent on State subsidies cost approximately €20 million. The economist Jim Power came up with that figure in 2011. The number in the industry may have contracted a little since 2011. However, even if 7,000 or 8,000 were to go on the dole as a result of State funding not being in place and the greyhound industry going out of existence, it would have a disastrous effect.

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