Latest news with #ChambersIreland
Irish Examiner
4 days ago
- Business
- Irish Examiner
Chambers warn Government to tackle critical infrastructure or face 'managed decline'
Failure to deliver critical infrastructure now threatens Ireland's future prosperity, the chief executive of Chambers Ireland has warned, urging the Government to act or risk 'a period of managed decline'. Ian Talbot was speaking at the launch of Chambers Ireland's pre-budget submission, reflecting the shared concerns and aspirations of affiliated Chambers of Commerce around the country. The submission stressed that while the housing crisis remains front and centre, it has overshadowed other fundamental service shortfalls particularly in energy, public transport, water, and wastewater treatment. Mr Talbot said the Government now needs to take decisive and long-term action to tackle these areas. 'Our economy continues to grow but our critical infrastructure has not kept pace with rapidly increasing demand,' he said. 'Few would have predicted today's economic strength during the challenges of the past 20 years and inadequate delivery now means the infrastructure gap threatens our continued prosperity. Bridging that gap is critical and if we fail to act then we risk entering a period of managed decline. 'The era of being able to tolerate delays caused by lengthy planning challenges, judicial reviews and other hurdles is over.' Chambers Ireland includes 36 affiliated chambers representing 10,000 business right across the country. Some of Chambers Ireland's key recommendations include: A commitment to multiannual funding in water and wastewater treatment infrastructure. Continued investment in transport networks. Grid reinforcement and upgrades. Increased housing targets and investment, with a recommendation that Housing for All targets increase from 33,000 units per year to at least 60,000 units per year. Initiatives to stimulate modern methods of construction. Increased funding for port infrastructure. The introduction of a Strategic Capital Investment Scheme to support large scale, high growth projects across key sectors. Expansion and acceleration of non-domestic retrofitting supports. Further investment in childcare. "While the €1.37bn funding announced under Budget 2025 is a significant step forward, core funding should be increased and strategically allocated to address existing gaps in childcare accessibility and affordability," the report notes. Increased funding for apprenticeships. Facilitating SME engagement in international trade. Other recommendations include the roll-out of the single permit system for living and working in Ireland in advance of the 2027 deadline. It also calls for a portion of the National Training Fund surplus to deliver intensive language courses to people seeking international protection. The submission proposes the introduction of tax-incentivised investment schemes to channel household savings into more productive markets and opportunities that support infrastructure expansion and green energy projects. "Over €150bn in household savings remain in low-yield bank accounts, representing a missed opportunity for both savers and the wider economy. Redirecting even a portion of these funds into other productive markets could deliver stronger returns for individuals while providing much needed capital for essential infrastructure and generate increased tax revenues through improved returns and buoyancy," the report states. Mr Talbot drew attention to the State's competitiveness amid global uncertainty, driven by protectionist policies, tariffs and the mounting impact of climate change: 'The significant financial resources available to this Government mean there is a real opportunity to invest in core infrastructure and breathe new life into our towns and cities. This will help build a more sustainable economy and provide the certainty businesses need to stay competitive,' continued Mr Talbot. 'Our climate goals and energy security must also remain at the heart of the next Budget. The Sustainable Development Goals continue to guide the Chamber Network as we work to balance our economic ambition with environmental responsibility. "Economic growth and job creation is being constrained at a time of great opportunity to lead on sustainable growth and embrace new opportunities. We must now act with urgency.'
Irish Examiner
05-06-2025
- Business
- Irish Examiner
Cork Chamber is named Chamber of the Year
Cork Chamber has been named Chamber of the Year for its high level of activity, innovative ideas, and positive engagement with members and the local community. The awards, hosted by Chambers Ireland and sponsored by Zurich, recognise the outstanding work of chambers of commerce throughout the country in supporting local, regional and national business. President of Chambers Ireland, Margaret Considine, said the award for Cork is a testament to the scale of work being undertaken by the Chamber. "It reflects the huge amount of talent and dedication within the Chamber and underlines how impressively they have managed and adapted their activity to meet the needs of their members." "What truly impressed our judges was how much Cork Chamber engaged with its members. This is a group of strong communicators, relationship builders and people who care deeply about the businesses of Cork. The Chamber produced a series of excellent events, projects and lobbying campaigns which undoubtedly contributed positively to the city and surrounding region." Rob Horgan, President of Cork Chamber, welcomed the honour. "Cork is on a powerful trajectory. With transformative transport projects underway and an increasingly dynamic business ecosystem, our city and county are embracing a period of progress and promise. We believe in the strength of every region, and the value each brings to our national success. Smart, innovative thinking is essential to ensuring that Cork and Ireland remain competitive and attractive for both indigenous enterprise and foreign direct investment.' Conor Healy, CEO of Cork Chamber, said the recognition is grounded in the work, insight and passion of our members. "Everything we do is informed by their experience, shaped by their ideas and inspired by their commitment to Cork's future." "We are also deeply proud of our dedicated Chamber team, whose professionalism and energy bring our vision to life every day. This award is a reflection of their unwavering commitment to delivering real impact for our members and the wider region."
