Richard Bruton (Dublin North Central, Fine Gael)

I thank the Deputy for his comments. I have found the support of public representatives - Deputies Coffey, Conway, Deasy and Halligan - council members and the general business community helpful in this process.

Deputy Halligan asked a number of questions. I am concerned about the statistics on the performance of IDA site visits. It would be appropriate to consider designating Waterford in the way Limerick was designated, as that brought advantages. I hope to introduce proposals in the near future. I will introduce actions to be taken rather than discussions to be held with different interests. I hope some of those actions will involve collaboration with other groups in the region that could assist.

The wider question on companies moving is a difficult one. Regarding the IDA's performance, there is a turnaround. Over time, lower skilled positions have tended to move out. For Ireland to remain strong, we must add new skills, research and development and product lines. In this way, we will remain relevant and competitive for companies. We cannot stop movement or outsourcing, as we live in a global economy. We must seek to position ourselves to be competitive. Overseas companies drive significant levels of dynamic development in Ireland. We need their investment and we must keep abreast of trends to take maximum advantage.

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