Guaranteed Irish calls for VAT reduction and expansion of incentive schemes to stimulate construction sector
Throughout GI Construction Month in September, we highlighted the contribution our construction-industry members make to the Irish economy and the local communities in which they are based.
As part of ‘Construction Month’, we hosted a roundtable discussion to hear directly from our members and other construction-industry stakeholders about the challenges they face and the steps needed to achieve sustainable construction in future years.
The roundtable discussion was held under the Chatham House Rule. The discussion was chaired by Jim Clery, Head of Real Estate with KPMG. Maria Bailey TD, Chair of the Joint Oireachtas Committee on Housing, Planning, Community and Local Government, was the special guest at the event. The other guest speakers were Paddy Kelly, MD of Tegral; Marian Finnegan, Chief Economist, Sherry FitzGerald Group; and Jacqui Hanratty, National Sales Manager, Kingspan.
In addition to the guest speakers, the event heard from a cross-section of construction-industry stakeholders.
Today, we are publishing a position paper setting out the key issues identified during the discussion, as well as the recommendations emanating from the event. Four main recommendations to achieve sustainability in the construction sector emerged:
1. Make construction and housing more affordable;
2. Address the skills shortages in the construction industry;
3. Stimulate the domestic construction market; and
4. Reform planning laws and regulations to make it easier to build.