John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

We are not only talking about taking action, we are delivering on it. Yesterday, officials from the Department of Public Expenditure and Reform dealt with the issue of rates and the valuation process. Current property ratings are based on 1986 values. A review of rates in Dublin and, possibly, Limerick is currently ongoing. Rates for properties constructed during the boom are also based on property values in 1986. The roll-out of the local enterprise offices will provide local government with the autonomy to work with local authorities in providing derogations in town centres. I agree with the Deputy that many companies are struggling and that many premises are vacant. We must encourage enterprise into these premises by way of rent reductions and derogations from local authorities.

There is a late payments directive in place. This requires all Departments to make payments within 15 days. There is also a voluntary code in this regard for the private sector, in respect of which there is a code of conduct. The Government has also launched the trading online and local employment office initiatives, which are important. Reform of the Companies Act is also ongoing. Many initiatives have been introduced. I agree it is about confidence and credit in the economy to encourage local spend.

Yesterday's report is encouraging as it shows that confidence is growing again. The review of the microfinance fund will enable people to apply for finance when starting up a company. I travel around the country and I am greatly encouraged by the number of enterprises being established daily. While the economic climate is difficult, opportunities are available.

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