Oireachtas Joint and Select Committees

Tuesday, 4 July 2017

Joint Oireachtas Committee on Communications, Climate Action and Environment

Digital Hub Development Agency: Chairman Designate

5:00 pm

Photo of Terry LeydenTerry Leyden (Fianna Fail) | Oireachtas source

That sounds very practical. Does it bear any relation to the development of further inward investment? I presume the hub receives support from IDA Ireland. I presume the agency is promoting the Digital Hub internationally.

In light of Brexit and what is going to happen, I imagine the Digital Hub should be focusing on the British market and hoping to attract small companies that would like to avail of a base in a central location in Dublin. I think the hub is doing its best in a very difficult climate. Temple Bar was a concept of the late Charles J. Haughey and has been very successful in regenerating that part of Dublin. I am aware that the area in which the Digital Hub is located has architectural merit, with the development of the grain store and so on.

The Digital Hub is not confined to digital work in respect of developing the campus. Nine acres is quite a lot of land in a very strategic location. Mr. Holden made the point that the development agency worked with a private developer to develop student accommodation. That is very practical work done with the private sector. I have great time personally for State companies like the one of which Mr. Holden is chairman, which have the flexibility and imagination to develop. They have the opportunity to go beyond what private developers can do because they have the support of the State in respect of finances, loans and so on.

I wish Mr. Holden and his board every success in the future. I certainly have not come across any difficulties with the Digital Hub and I am delighted it survived. During the recession, the troika and the rest would have been delighted to close down everything. The Digital Hub is very lucky to have survived and can now only go from strength to strength.

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