Martin Cullen (Waterford, Fianna Fail)

It employs more than 7,000 people compared to fewer than 1,000 five or six years ago. The amount of talent available in Ireland is recognised worldwide. I am told that €50 million will attract some large movies. Exceptional blockbusters might rightly cost more, but we may be able to catch some films up to the €50 million mark. The indications I have received are that 100% tax relief and the €50,000 cap will have a substantial impact. There is much confidence in the industry generally about what may be attracted to Ireland this year, notwithstanding the stresses under which this industry, like others, is being placed.

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