Industry & Business

Derry is the Most Exposed Region in Ireland Post-Brexit

 Breaking News
  • Plastics Action Alliance Sets Targets to Achieve Sustainable Reduction in Use of Plastic Plastics Action Alliance, the recently formed group that comprises of 11 leading agricultural processing and food businesses in Ireland, has set out its key objectives. The industry leading group aims to significantly reducing the use of plastic packaging across its members’ operations. Formed at the end of 2018, the Plastics Action Alliance is a collaboration that [...]...
  • Nearly 45% of Irish Employees Say Their CEO Isn’t Visible to Staff Nearly 45% of employees say that their CEO isn’t visible to staff and discourages them from dropping into their office, according to a new report published by Dublin-based communications agency PR360. Almost 30% of CEOs rarely or never socialise with staff, and a third of employees say that their CEO doesn’t even know their name. The PR360 [...]...
  • SEAI Leads €2.6 Million European Project to Unlock Potential of Ocean Energy The Sustainable Energy Authority of Ireland (SEAI) is leading a new pan-European project, Ocean Power Innovation Network (OPIN), which aims to accelerate the development of the ocean energy sector. With a three year budget of €2.6 million, SEAI will partner with organisations in the UK, Belgium, France, Germany and the Netherlands to explore ways to [...]...
  • The UK National Construction Expo – The Arena MK, Milton Keynes – 1st May 2019 The UK National Construction Expo is being held at the Arena MK, Milton Keynes in England on Wednesday, 1st May 2019. Although British construction activity overall has slowed, chiefly due to businesses continuing to postpone major building projects due to Brexit uncertainty, which is impacting the commercial construction and civil engineering sectors, house building remains buoyant. Of [...]...
  • Skillnet Ireland Announces New Funding For Businesses to Upskill Employees Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland has announced up to €2 million worth of funding which is being made available to businesses, industry bodies or enterprise groups who wish to establish a new Skillnet Learning Network. Skillnet Networks are enterprise-led learning networks, working to support businesses, industry [...]...

Derry is the Most Exposed Region in Ireland Post-Brexit

Derry is the Most Exposed Region in Ireland Post-Brexit
April 01
16:52 2019

The newly appointed Chair of the Association of Chartered Certified Accountants (ACCA) in Ireland has said that Derry is hugely dependent on a dynamic cross border economy and with its remote location in a post Brexit arena, it is the most exposed small city in Ireland.

Clodagh Hegarty, who is a Lecturer in Accounting at the Department of Global Business and Enterprise at Ulster University has said that graduates and skilled talent who are integral to the future development and success of the economy in the North West, will not stay in the City post Brexit.

Clodagh Hegarty.

According to Clodagh immediate support is needed for a regional economy that has been isolated for too long and one that survives on a fine cross border Derry, Letterkenny economic axis, which supports jobs and local employment. There are a number of global companies who have invested in the city in sectors such as IT and technology manufacturing alongside leading academic institutions and world-class centres of research for tomorrow’s industry which augurs well for the future, however Clodagh Hegarty has said that the Brexit process is unsettling the potential for future prosperity in the North-West and needs to be addressed.

Calling on the UK Government to immediately introduce the proposed Derry and Strabane City Regional Deal, to support commerce in the North West at such a challenging time Clodagh Hegarty said, “The North West is producing some of the most talented and skilled graduates anywhere in the UK, with many undoubtedly having the capability of starting businesses and creating employment.  However, with the uncertainty regarding the Brexit process and a very finely balanced economy dependent on a small number of revenue generating sectors which are being directly threatened by the Brexit process, many of those young people will unfortunately not be starting those businesses in Derry or its surrounding area. They will be travelling to Dublin, London and other EU cities to achieve their business goals.”

“To help address this challenge with the region so exposed to the current uncertainty, I would call on all those with influence to provide businesses and the next generation of entrepreneurs with re-assurances and support by immediately introducing an economic stimulus through the proposed City deal.

“Both within my role as lecturer at the Ulster University and as Chair of ACCA, I am consistently gauging the views of both the next generation of entrepreneurs and small businesses that are playing a vital role in the economic supply chain in the North West.   Both these demographics are telling me that to keep our talent and sustain and grow employment, more opportunities must be developed with inward investment and regeneration within the City and the surrounding area.  If political stakeholders do not address this issue, there will be a lost opportunity and lost generation within the North West.”

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements






















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4