Warmly welcoming the announcement today (1 February 2007) of the new Mid-Shannon Corridor Tourism Infrastructure Investment Scheme, Mr Kevin Thompstone, Chief Executive, Shannon Development, said “Two years ago, Shannon Development made a detailed submission to the Department of Finance calling for the setting up of a special tax incentive scheme to encourage sustainable tourism development along the River Shannon Corridor. Shannon Development is delighted that many of the proposals contained in its March 2005 submission have been incorporated into the Scheme announced today by Minister for Finance, Mr Brian Cowen TD”.
Mr Thompstone said “Shannon Development congratulates the Minister on introducing this imaginative Scheme, which addresses the economic challenges identified by Shannon Development in its submission, which included weaker tourism performance, declining population, and the lower levels of income along the River Shannon Corridor”.
“As the tourism agency for the Shannon Region, incorporating Counties Clare, Limerick, North Tipperary, and Southwest Offaly, Shannon Development looks forward to working with the Departments of Finance, and of Arts Sports and Tourism, and with Failte Ireland, in the successful implementation of this innovative Scheme. The Scheme will complement the work that Shannon Development has been engaged in with the local authorities along the River Shannon Corridor in the provision of tourism infrastructure, private sector developments, and in tourism marketing,” said Mr Thompstone.
Nandi O’Sullivan
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