FOREIGN DIRECT investment companies are attracted to Ireland because the Irish are a happy people, Minister for the Arts, Heritage and the Gaeltacht Jimmy Deenihan has claimed.
Speaking at the launch of the Science Gallery’s programme for 2012 in Trinity College Dublin, Mr Deenihan said the disposition of the Irish people was an attractive part of the package offered to foreign direct investment along with the 12.5 per cent corporation tax.
“We are a happy people, and generally a sincere people. For some people, who are looking at foreign direct investment, that is a consideration,” he said.
Mr Deenihan said the Irish were a philosophical race and so many people took the attitude that things that happened were the “will of God”. “I have seen so many people say that over the years and that’s our disposition and it is a very good one to have,” he said.
Happy now?
Foreign firms fall for charm of ‘happy’ Irish (Irish Times)
(Screengrab of Irish Jam via BMD)
Whooooosh!
at
Your business needs credit?
Don’t worry. Call Govloanz.
From merrionstreet.ie:
- Government [has] sanctioned the establishment of a Micro Finance Loan Fund to generate up to €100 million in additional micro-enterprise lending which will benefit over 5,000 businesses over a ten year period. The Fund will be in place in the first quarter of 2012
- The establishment of a Temporary Partial Credit Guarantee Scheme. Minister [Richard] Bruton will now proceed to draft legislation and shortly appoint an operator for the Scheme which will also be in place in the first quarter of next year. The scheme will be demand-led, and for every €100million guaranteed will benefit over 1200 businesses, and provide at least €15million in net benefit to the exchequer.
- A second call worth approximately €60million under Innovation Fund Ireland also to take place in Q1 2012, after the recent finalisation of the capital budgets of Department of Jobs, Enterprise and Innovation.
To recap: If you run a business and you can’t get a loan from a bank (owned by you know who?), the government will instead go guarantor.
This is why we saved the banks.
Happy now?
Government To Partially Guarantee Loans To Firms Who cannot Get Finance (Irish Examiner)
Tritax has announced the launch of the Eurocentral 8 No.2 fund, which the firm has said will offer investors the chance to benefit from ‘opportunities presented by the demise of Anglo Irish Bank’.
The fund will acquire the debt, previously held by Anglo Irish, on three industrial warehouses in Scotland and will receive rights to all income from these assets.
Tritax, which manages £2.1 billion of property assets, claimed investors will receive income in excess of 10 per cent a year, potentially rising to around 13 per cent in years two and three.
Mark Shaw, chairman of Tritax, commented, ‘The Eurocentral Fund offers investors the opportunity to take advantage of some of the refinancing deals that are currently available. This investment not only provides access to properties at a distressed price, but access to high quality properties in a good location with secure income streams.
Property Fund To Profit From Bank’s ‘Demise’ (Dan Kilpatrick, What Investment)
Director Sean Pecknold’s rather excellent animation for Fleet Foxes’ The Shrine/An Argument from the Helplessness Blues album.
We like this.
Literally good enough to eat.
By photographer Con O’Donoghue, who sez:
“It’s a homage to classical still life painting with a genteel nod to the pungent ephemeral contemporary eating and living in Dublin – actually it’s just a bit of food. And a cabbage.”