News from the Oireachtas

By Tim Ryan,
Oireachtas Correspondent

By Tim Ryan,
Oireachtas Correspondent

Six investors visit Cashel plant - Minister

The availability of a modern state of the art plant at Cashel, the former Cordis facility, for foreign direct investment, must make the search easier, Independent Deputy Seamus Healy told the Dáil.

Speaking during Question Time, he said jobs are very badly needed in South Tipperary.

“IDA Ireland produced only ten new jobs in South Tipperary last year,” he said. “Other plants in the county have seen significant job losses. The current unemployment statistics for the county are horrendous. In the town of Cashel, unemployment has increased from just under 400 in 2008 to 1,200 currently. The situation is the same in other towns around the county.”

In reply, Minister of State John Perry said he had been informed by IDA Ireland that in the period from January 2012 to date, five of the six site visits by potential investors to South Tipperary visited the vacant Cordis facility in Cashel. These visits were from new companies visiting the location and region for the first time and from senior executives of existing client companies.

“This is a fantastic facility in a cluster that is recognised for life sciences,” he said. “In South Tipperary alone, eight IDA client companies employ 3,500 people. It is important to emphasise that aspect. The fact that it is a fantastic cluster will enhance the opportunity to find an occupier for the facility as will the fact that 3,500 people are working in IDA companies in the region. This is about the promotion of the region which has a major regional advantage given the existence of the cluster.”

Minister Perry said the IDA is actively bringing people to see the facility, with five of the six companies having visited it. “I am very confident about this facility given the emphasis of the Government on the south east, the location of the life science cluster and the fact that 3,500 people are already employed in eight IDA client companies in the region.”