First Economic Trends Survey of 2020 shows dramatic reversal in business confidence
The first Cork Chamber Economic Trends Survey of 2020 captured the sentiment of the Cork business community at a time of exceptional uncertainty owing to the Covid-19 pandemic shock. The survey, sponsored by Ulster Bank, asked the thoughts of the Cork business community on Q1, and the outlook for the year ahead on business confidence, the overall operating landscape, skills, threats and opportunities. In addition, the
Cash-flow has been identified as the number one difficulty for Chamber members during the COVID 19 pandemic. Cork Chamber today calls on the public sector to adhere to its prompt payment policy and those in the private sector to support fellow businesses during the crisis. Extension and deepening of existing supports to a 6-month window is also essential.
Conor Healy, CEO of Cork Chamber said,
“It is essential that the Government prompt payment policy is observed and that no business is left waiting at
Chamber Welcomes Change of Course to Keep People WorkingSpeaking following the Government announcement of measures to introduce scaled funding of up to 70% of salaries, up to a maximum of €38,000 per year, Cork Chamber welcomed this crucial step.
“We have been advocating on behalf of members for a move to keep those who can work in work and this step is a positive directional shift for government that is aligned with business thinking. Our recent Chamber survey clearly shows a move from 50% to 60% of
Cork Chamber calls on Government to continue strengthening measures to support employment and economic activity during and beyond the pandemic shock.
Speaking today Conor Healy, CEO, Cork Chamber highlighted, “The swift response of the Irish government to the initial economic shock from the Covid-19 pandemic must continue to be strengthened. The priority throughout this period is our public health services and the functioning and support of our health personnel and must remain so. Though we must also
Conor Healy Cork Chamber CEO said
“Cork Chamber welcomes the deferral of rates payments due from the most immediately impacted businesses but it’s clear that more must be done.
We have been engaging with local and national government to secure improved supports and this is another positive step. However the timeframe will need to be expanded upon further and the sectors represented will need expansion as the crisis unfolds. The measures as they currently stand are aimed primarily at the retail,
The nationwide network of Chambers including Cork Chamber calls for all businesses, Government and all State bodies to be flexible and responsible to the needs of their business and economic partners, so that we may ensure business continuity through this crisis.
A strength of business people is that working together we find solutions. Part of the solution to those businesses seeing their income dry up is to assist in managing their outgoings, with cashflow being critical for all business. To this end we
Paula Cogan, Cork Chamber President said; “Today’s launch of the Cork Metropolitan Area Transport Strategy is a milestone in the development of Ireland’s second city region. The timely delivery of the strategy is essential to the delivery of Ireland 2040 and must be prioritised by the next Government. An NTA Cork office is essential to ensure focus on implementation and the first €500 million must be mobilised to push projects such as Bus Connects, the Cycle Strategy and suburban rail frequency through
Speaking at Cork Chamber’s annual dinner this evening, Chamber President Paula Cogan called for political and business support for Cork to become European Green Capital by 2025.
Held in Cork City Hall, the black-tie event was attended by over 1,000 leading business and political representatives. Phillip King, curator, musician and film director, was keynote speaker at the event.Setting a target of European Capital by 2025, Paula Cogan, President of the Chamber said:
“In 2025 Cork should celebrate the
Cork Emerging Company of the Year 2020 is WorkVivoCork SME Company of the Year 2020 is AnaBioCork Large Company of the Year 2020 is Crest SolutionsCork Corporate of the Year 2020 is Irish DistillersThe most innovative of Cork businesses were tonight presented with the prestigious Cork Company of the Year Awards 2020 at Cork Chamber’s Annual Dinner held in Cork City Hall.
Over 1,000 people, including leading industry and political figures, celebrated the winners at the dinner.
Run in association with
Urban Living and HousingSustainable & Public TransportInfrastructureA Green Ireland An Attractive Business EnvironmentLaunching its election manifesto, Cork Chamber has called on the next Government to prioritise the delivery of brownfield urban housing, sustainable transport, infrastructure and renewable energy.
Commenting, Chamber President, Paula Cogan, said:“A Minister for City Regions is needed for the incoming Government to drive a progressive urban agenda and ensure that our cities are
Tánaiste, Ministers, Lord Mayor, Mayor of Cork County, Leader of the Opposition, members of the Oireachtas, Distinguished Guests, fellow members of Cork Chamber, Ladies and Gentlemen, as President of Cork Chamber you are all most welcome.
We come together tonight to celebrate the progress of 200 years, and to discuss our vision for the future. As a UCC history graduate, I am proud to say that John Cogan a city Vintner was elected to the first Chamber committee in 1819 and I continue that link tonight in