Newry’s transformation Education 2 Employment Presentation to St Joseph’s High School

1. Newry’s transformation Education 2 Employment Presentation to St Joseph’s High School December 2012 Dr Conor Patterson

2. 2012: A CHANGING IRELAND

3. IRELAND • A stepping stone for North, Central & South American companies into Europe • Skilled people • Low business tax • Euro • English speaking

4. Newry

5. Newry transformed

6. Newry then…..

8. 1922 - 1998

9. Economic Disadvantage Contributed to Political Instability

10. Dis-investment

12. The Transformation of Newry

13. Late 1990’s onwards - NEW INVESTMENT

14. A station fit for one of the best located places in Ireland for doing business

15. NEW ROADS

16. Transformation Factors

17. Transformation Factor Peace

18. A New Departure

19. Transformation Factor European Union

20. EUROPEAN UNION • Removed economic borders • Investment • Brought countries and parties together

21. Newry’s location:2.5 million consumers within 100km

22. Transformation Factor Self Help & entrepreneurial culture

23. Entrepreneurial Spirit • 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

24. 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)

25. 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

26. SELF HELP • Newry Credit Union • Giving the working class access to finance • Newry & Mourne Co-operative and Enterprise Agency Working in Partnership locally, regionally, nationally, internationally • Community Associations across Newry

27. Transformation Factor Inward Investment

28. 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)

29. Transformation Factor Partnership Working

30. Greater Newry Greater Vision

32. The Development Challenge …. Unblocking the bottleneck

33. Southern Relief Road and Bridge

34. The Development Challenge exploit our assets

35. The Recession

37. The effects of the RECESSION : • Unemployment • Lower wages • Restricted bank lending • Austerity measures • Loss of confidence

38. 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).......

40. - 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

41. A ‘social entrepreneur’.....Conor Patterson Newry & Mourne Co-operative and Enterprise Agency

43. Well known entrepreneurs

47. Do you know any other entrepreneurs?

48. Any Questions?

49. Real life entrepreneurs You will now break into groups of 10 and visit local entrepreneurs who run their businesses from WIN Business Park on a daily basis Please ask these entrepreneurs plenty of questions as they are the experts!