Just where is OUR money???

We have heard many a local radio news snippet, over recent months and read countless column inches in our local newspapers, about the millions of Euros promised for Waterford’s infrastructural projects. These projects were to be “game changers” that would bring some parity to the complete lack of “regional investment” over countless numbers of years.

Yet, we are now, how many weeks on, from the last General Election and can anyone honestly says we have received a €1 towards these so called “game changers”? So many political representatives indicated that these would bankroll Waterford’s economic future.

The North Quay, where work seems to have literally ground to a halt. Due, I am sure, to engineering concerns around weight loadings on the old, frail and fragile “piles” that are precariously holding up the hundreds of tons of rubble. This whole area has been designated as a Strategic Development Zone (SDZ), which is good news and I recall that €30 million had been promised and earmarked, by FG, to develop the site and link it directly to the City Centre. That was over 16 months ago!

Has any of this money actually been drawn down, excuse the banking terminology and allocated to Waterford Council to start this much needed regeneration process? I don’t recall hearing or seeing any big media fanfare announcing that the “cash” had been lodged into the Council coffers. Therefore I have to assume that NO money has yet been received for the SDZ to start and ultimately flourish.

This same sad story can be repeated at the Airport. We were promised many Euros to develop that runway, allowing larger jets access to Waterford and the 500,000 people of South East region. But, once again, not one cent of this appears to have come our way. In fact we are now being told that money is available for everything else, but the essential runway extension!

In the meantime, the people of the South East are discovering that Dublin is now much, much closer and easier to reach. The M9 has not a traffic light in sight and with the Newlands Cross flyover, the journey time to Dublin is more than manageable and predictable. The east coast N11/M11 route from Wexford is also to a large extent quicker than days of old and when the New Ross second bridge comes on stream, we will have a choice of two very fast direct routes to Dublin.

I also imagine that the business case for a consistent, less than two hour drive from Dublin to Waterford, is now working against us. Many FDI investors have far longer commute times to work! So the case for a regional airport in the south east diminishes even further. This assumption seems to carry some weight when we review the fact that only circa 6 FDI visits have taken place in Waterford this year! We seem once again to be on the road to becoming a less attractive alternative to many other cities and regions.

There is the ongoing debacle around UHW – no need to regurgitate the shambolic mess that some have created here.

So, these three are examples of promises that have not materialised. Money that had been “earmarked” for Waterford and yet none, nil, nada, zilch, seems to have been paid to us, to start our economic recovery and get our City and region booming once again!

On foot of the non-delivery of these funds, we are hearing far too many of our political representatives scoring points against each other. Rather than working out just where this alternative money might come from, they spin the “if we were in Government line”.

Why do other political regions deliver actual real infrastructure investment? Surely, all politicians have the same access to identical Civil Servants, who might just be able to point them in the right direction, explaining how to loosen the purse strings.

We are systematically being downgraded and this will continue unless we see the promised Euros coming our way to stem the tide.

Sadly, we appear to have too many King Cnuts (more commonly know as Canute).

“A Cup for Life” – no it is NOT an early April Fools!

Waterford City was last week left shell-shocked, by the terrible news that the Waterford to London Luton air route will yet again be pulled, cancelled and withdrawn, from our regional airport. This now means that the regional airport has once again been left floundering in a desperate search of yet another European carrier to fill this cavernous void.

The BIG question is, “Is there another carrier out there?”

It is a glaring fact, that the very fast, traffic light free M9 has made it so much easier to travel north, towards all things Dublin, and the cheap flight options which this brings. There are very few people, south of the M7 corridor, actually travelling back down the M9, towards Waterford airport and all things “Sunny South East”!

If you were in any way up to speed with this carrier’s business profile, you will have known that they have been in financial difficulties for some time now. With mounting, unsustainable losses, it was realistically only a matter of time before the inevitable happened and the business effectively ceased trading.

This bitter pill to swallow was, I am sure, discussed at last week’s full Council Plenary meeting. However I was made aware, via a media twitcher, that in the midst of yet another crisis that will adversely affect our FDI profiling and the economic stability of the city, county and region in general, some of our Councillors put forward an implausible motion (please note this motion was not passed) calling on our patchwork quilt of a Government to, and wait for it, as you are reading this correctly;

“Ban take-away coffee cups, asking the Government to introduce some sort of “Cup for Life” plan, similar to the plastic bag scheme!” Because as we all know a cup is not just for Christmas it should be for life!

Are we really going to ask all our citizens and visitors alike to carry a mug from home or a “Cup for Life” around with them whilst in work or at play? NO!!!!!

Can you imagine in 2017, tourists coming to Waterford after a weary trip down from “Up North” (the regional airport having failed to receive Government funding to extend the runway and thus attract a viable carrier). Are said tourists, expected to wander around the City Centre and dropping into one of our excellent coffee shops only to be met by someone saying to them, “I can’t serve you coffee unless you’ve brought your own cup!”

Now think this through to it’s obvious conclusion. Coffee shops could sell a “cup for life” to the customers but that might add another €3 or €4 to the price of a coffee and besides when you are on holiday the very last things you want to be looking after is a bloody coffee cup for life!!!!!!

The customer is without doubt going to think they have arrived in a banana republic, that has clearly lost all sense of reality.

Imagine yourself on holiday, in the sunny south of Spain, and you are presented with the same scenario by the tanned smouldering barista? The answer would be “Feck Off!” or at least words similar to this phrase, but maybe with a different vowel here and there! You would laugh and walk away never to return to that coffee emporium again. Or better still you would present the barista with a bucket, telling him this is your Cup for Life, and asking him to fill it to the brim, with his expensive coffee!

How do the Councillors propose controlling portion size? How do you stop insurance claims from people burning themselves? All current take away coffee cups tell you, “this cup contains hot liquid” and who is going to get THAT printed on the family’s finest bone china?

Clearly, then some of our Councillors have far too much time on their hands. Should they not be getting on with the business of making Waterford an economic powerhouse?

“A Cup for Life” – don’t make me laugh!

Jobs, jobs, jobs......but really how many?

You just knew that there was a jobs announcement on the way when FOUR Ministers turned up in Waterford City at the start of last week. Like London Buses you wait forever for one to arrive and then four arrive all at once, and before you know it they are off again tearing away at breakneck speed. However, as RTE were covering this jobs announcement it was going to be a very safe bet that some of our senior people from Dáil Éireann would turn up. But I have rarely seen such a large number of Ministers descend on our City so there MUST have been good news in the offing.

The jobs announcements last week are most welcome for Waterford City, Waterford County and of course the greater wider SE region. With Eishtec expanding into Clonmel they must now be one of the largest employers in the region, if not Ireland, with circa 1300 employees. And to think that this company literally rose out of the ashes of Talk Talk a number of years ago. With centres in Waterford, Wexford, Craigavon and now Clonmel this business is on an upward curve.

I still vividly recall the announcement that Talk Talk was to close in Waterford City. This after all was a very profitable company and a company competing very favourably in what is a very demanding and tough market sector. The Talk Talk closure affected the whole SE region and I remember after the closure collating stats to aid sourcing training grants and I was amazed by the numbers of people this company employed right across the region. This was a prime example at how a Waterford City based company created employment throughout the whole SE region.

In addition to the Eishtec news we heard of jobs being created by Bluefin, a company created from Red Hat, which was formally known as Feed Henry. A success story from TSSG, and there have in fact been many recent success stories from this operation and I have no doubt that there will be many more. The TSSG and ArcLabs resource in the WIT Carriganore Campus are literally beavering away creating ideas and future employment. It is a facility that should be more loudly promoted and championed for Waterford City.

As you can read I am extremely positive about any new jobs announcement for Waterford and the wider SE region, though I often do believe that there should be more emphasis put on the actual jobs created and not the projected jobs that might be created. We live in the present and it is present jobs that Waterford and the region require and future jobs are encouraging but far too often the larger number is always produced simply, I feel, to make the announcements “beefier”. After all every single business could project a future employee statistics but just how many of these claims are actually attainable or measured for that matter?

I assume that we are “sold” the value of the IDA’s investment based on these projected figures and I also assume that “grant aid” is based on said larger figure. Though due to the sensitive nature of IDA client discussion we will never really know what grant aid companies actually get or receive. There is no individual breakdown outside of the IDA so it is impossible to find out or estimate. It would be interesting for bodies such as the IDA to release a comparison showing whether or not these projected figures are actually attained or bettered, then we would know if we were getting value for our tax payers Euro. We know that to attract FDI here the IDA have to work very hard and they, I assume, have to be very creative with their grant funding and each FDI get a bespoke grant package that suits their own business model.

The creation of jobs is to be welcomed at all levels but more importantly for Waterford and the SE we need to realise jobs that create enough disposable income so as to have a positive effect on our localised economy. At the present moment in time the SE has one of the lowest disposable incomes in Ireland and that is not good for our economy no matter what spin you place on this argument. The very low disposable income is reflected on websites such as the Pobal Deprivation Index that clearly show Waterford and the SE need jobs that reflect higher wages and therefore higher disposable income spend.  

It is quite simple. If you have €50 of disposable income available a week you can only spend €50 of your disposable income. However, if we all had €500 of disposable income available every week then we would have a burgeoning local economy and our “colour” on the Deprivation Index would be greatly different.

We are lead to believe that the current Government are the party of Small Business and yet I see on a day to day basis very little evidence of this on the ground here in Waterford. For SME’s there are no IDA grants, very little if any EI grants and other grants are difficult to access if your business does not fit a very tight and defined selection criteria. This has to change to allow SME’s to survive and ultimately employ more people, and more importantly employ more people and give them a higher disposable income to spend locally.

To date if you are an SME in Waterford, and the majority of businesses in Ireland are classed as SME’s, there is very little support for you in terms of accessing grant aid or business funding. Yet we see hundreds of millions invested into FDI’s, which is good, but is this at the detriment to others. Surely, we must see a balanced and regional solution to grant aid and ultimately investing in our City’s future. This is not happening and if we are to return “a party of business” to Dáil Éireann at the next election then we must start to hear and read about how they are going to secure SME’s investment funding for our City, County and the greater SE region.

Do we see this Government making it less expensive to run and operate a business? No! Do we see this Government pressing local authorities to significantly reduce Commercial Rates? No! Do we see this Government creating regional solutions that will help Waterford compete with other population centres? No! And yet come to Ireland as a multi-national and we will open our doors to you and give you grants, we will give you money and so on. Really the see-saw of support investment has to be balance and balanced in favour of small business.

Waterford of all the cities in Ireland needs immediate financial help, assistance and with an election on the way you might just see more and more bus loads Ministers coming down the M9/N9 to champion their case for election to the next Government.

Be wise in what you ask them and be even wiser in deciphering what they promise. Will we ever learn from history – well time will tell.