Mr. Brian McGrath:

I will add to the point around energy. We need to try to remember that Foyle Port is a multisite and multiterminal operation. When we talk about cargo operations at Lisahally, for instance, which is close to Derry, or the tourism product that could use Greencastle as a base, we also have a hinterland. One thing we have at the port that is unique within the British Isles is access to a land bank of approximately 1,000 acres. Ironically, this is because of the industrial demise of Derry over the past 40-odd years. We have now acquired close to 200 acres at the port and, on the land side of the cargo operations, we have a renewable energy power station that is fuelled by biomass. That is where the centre of our decarbonisation activities will take place. Industrial growth and things such as data centres are in planning at present.

We need to respond very quickly to the climate emergency because the predominant cargoes we have brought in over the years are coal and, to a lesser extent, oil. Many agriproducts that will be affected by fertilisers and so on will be impacted by methane, nitrates and all the rest of it. We have to be very mindful that we need to change our business model over the next few years in readiness for a paradigm shift. We cannot stay the same. That is why we are looking at tourism development, renewable energy development and innovation projects, which will move away from and decentralise the kind of activity that is largely based on coal.

We already have a 17 MW biomass power station in the harbour complex. We are hoping to do a couple of deals with contractors which will come on site and be part of the land bank in respect of renewables before Christmas. That is also going extremely well. It is about how we link up in policy terms on both sides of the lough to look at where these main themes are regarding cargo, tourism and renewables. That is where our master-planning thinking is at.