Newry’s transformation Education 2 Employment Presentation to St Joseph’s High School December...
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Transcript of Newry’s transformation Education 2 Employment Presentation to St Joseph’s High School December...
Newry’s transformation
Education 2 Employment
Presentation to St Joseph’s High School
December 2012
Dr Conor Patterson
IRELAND
• A stepping stone for North, Central & South American companies into Europe
• Skilled people• Low business
tax• Euro• English
speaking
• Highest rate of self employment in UK• Many micro-enterprises (4,055) – higher 5 year
survival rate than NI or UK average• A high concentration of successful locally
owned export-focused businesses that could provide a blueprint for the rest of Northern Ireland
• Commitment to self-improvement through education
Entrepreneurial Spirit
Globally successful locally-owned businesses across a range of sectors
• Norbrook Laboratories (pharmaceuticals)
• Glen Dimplex (electronics)
• MJM (specialist fit out)
• First Derivatives (financial software)
• Parker Green International (property)
Entrepreneurial Spirit
• Newry was a ‘frontier’ location during the
troubles – little or no public or private investment in its economy
• Self-help, especially self employment, became a way of life for many in Newry.
• Trading back and forth across the border was second nature
Working in Partnership locally, regionally, nationally, internationally
• Newry & Mourne Co-operative and Enterprise Agency
• Newry Credit Union Giving the working class access to finance
SELF HELP
•Community Associations across Newry
INWARD INVESTMENT
• N./R.Ireland = English-speaking• N./R. Ireland = Young well-educated pop’• Attractive base for US multinationals (Irish-American
links)
• R.Ireland = Euro• R.Ireland = Low business tax (two thirds less than UK)
• N./R. Ireland = Small (a little inward investment makes a big difference)
The effects of the RECESSION :
• Unemployment
• Lower wages
• Restricted bank lending
• Austerity measures
• Loss of confidence
Entrepreneurship is the route out of Recession ....
The solution to the economic crisis....
at a time when banks have no funds, governments are making cuts and big businesses are contracting not expanding......
lies with people turning to their ‘inner entrepreneur’ to create their own opportunities......
their own ‘Work In Newry’ (WIN).......
- Being an ‘entrepreneur’ doesn’t mean you have to start your own business.
- It’s a way of thinking....
- Many people who don’t work for themselves are recognised as ‘entrepreneurs’ within their organisations