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MEP welcomes new guidelines on investment aid for companies

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Ireland North West MEP Pat the Cope Gallagher has reacted to the decision by the European Commission to publish new guidelines on how EU Member States can grant investment aid to companies in order to support economic development in peripheral regions across the EU.

The new guidelines were published this week following a decision by the College of EU Commissioners.

Pat the Cope Gallagher MEP described the new guidelines as “a vast improvement on the original proposal put forward by the Commission”.

Pat the Cope Gallagher MEP stated that “there was great concern, within the Irish Government and the various State agencies responsible for attracting new investment into Ireland including Údarás na Gaeltachta and the BMW Regional Assembly, when the Commissioner for Competition, Joaquin Almunia first published his draft document. As a result, I requested an urgent meeting with the Commissioner in March to discuss his ideas.

“He originally wanted to prohibit aid to large companies in so called “c” regions which would have essentially prevented the Irish Government from providing incentives to companies interested in setting up new businesses in Galway. This would have serious consequences for the North West as often new facilities or plants established would be part of a larger international company with more than 250 people employed.

“This situation was untenable due to the current economic climate and I was also familiar with several companies in the West which may not have established bases without the help of investment aid.  Furthermore, investment aid is still very much needed to address deep rooted regional problems such as geographical remoteness, poor connectivity and infrastructure, particularly in the West.”

Mr. Gallagher added that “the final proposal represents significant progress from the initial proposal by the Commission to restrict aid to large enterprises across “c” regions. The compromise agreed by the Commission will allow Member States to provide investment aid to large enterprises for new economic activities and diversification of existing enterprises into new products or new process innovation.”

Mr Gallagher concluded: “I would also like to pay tribute to the Irish Commissioner Máire Geoghegan-Quinn for her efforts to ensure the continuation of aid for companies in the West.”

 

Connacht Tribune

Former Manchester United star joins forces with Galway tech company

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New alliance...Rachel Kavanagh, CMO Clubforce; Garry Stannett, CEO Rio Ferdinand Foundation, and Noel Murray, CEO, Clubforce.

A Galway enterprise that started out as a pet project to establish a fundraising tool for Irish Diaspora to send money to their GAA clubs back home has now teamed up with an English football legend – to drive inclusivity in sport.

Clubforce, founded by Warren Healy in Carna back in 2009, has joined forced with the Rio Ferdinand Foundation, a youth and community development charity which works in the heart of the UK’s most disadvantaged communities.

The Rio Ferdinand Foundation was set up in 2012 by the former professional footballer, following issues of inequality he experienced in his own life.

It is now working in communities across Ireland and the UK, with regional hubs in Belfast, Manchester, and London – supporting more than 10,000 youths, helping them to realise their potential.

Foundation Founder, former Manchester United and England centre-half Rio Ferdinand, said he was ‘delighted to collaborate with a community-focused software company developing technology to promote sports participation and make sport accessible to all’.

“We are on the same journey,” he said.

Clubforce CMO Rachel Kavanagh said they had huge admiration for the work done by the Rio Ferdinand Foundation – particularly for girls.

“I’m especially excited to hear about programs such as GoGirl, building the confidence of young women and girls to achieve their potential. We’re looking forward to contributing to the efforts made by the Foundation to drive inclusion and sports participation across genders in both geographies,” she said.

For more, read this week’s Connacht Tribune.

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Connacht Tribune

New domain registrations reveal growth of almost 7% over first half of year

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Figures...David Curtin.

Traditional businesses are embracing their online presence now more than ever in the aftermath of Covid – with Galway companies showing a growth of almost seven per cent in new domain registrations post-pandemic.

That’s according to the latest statistics released by .IE, Ireland’s country domain manager. 

There were 1,236 new .ie domains registered in Galway in the first half of this year, representing growth of 6.6% over pre-pandemic 2019.

That figure accounted for over half of the 2,352 new .ie domains registered in Connacht between January and June 2022, as the database reported 2.6% year-on-year growth, with new registrations returning to pre-pandemic levels.

Identifying with place proved very popular for new .ie registrations in H1 2022. In Galway, the top three keywords in new .ie domain registrations were ‘Galway’, ‘Ireland’ and ‘Irish’.

At the end of June, the total .ie database stood at 332,642 domains.

Limerick recorded the highest percentage growth among the major urban counties (Dublin, Cork, Galway and Waterford) over the first half of 2022 compared to the same period in 2019.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

 

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Connacht Tribune

Large numbers of younger Irish workers plan to change jobs in next two years

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Gary Notley...workers reassessing options.

More than half of the co-called Gen Z’s and only slightly less of our millennials plan to leave their current jobs for pastures new in the next two years.

That’s according to a new Deloitte Ireland survey which revealed that 56% of Gen Zs and 40% of millennials plan to leave their current roles in that time.

It also found that 53% of millennials believe the economic situation will worsen in the next twelve months, compared to 36% of Gen Z.

And 55% of Irish millennials cite the cost of living as being their number one greatest concern with one in four of them leaving their organisations in 2022 as a result of burnout.

Gen Z refers to the generation of people born in the late 1990s and early 2000s, while millennials are those reaching young adulthood in the early 21st century.

Overall, the survey found that both cohorts are concerned about an economic downturn – but they desire a better work/life balance and want more flexible working arrangements than they currently have.

The Irish participants were taking part in the Millennial and Gen Z global study of over 45 countries – and they said they are more willing than ever to leave for fresh opportunities.

They are seeking options to provide them with better salary/reward, work life balance, higher flexibility and opportunity offered by employers, and, to a lesser extent, organisations focused on climate change.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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