#oceanwealth – Addressing the second 'Harnessing Our Ocean Wealth' Conference today, in Ringaskiddy, Co. Cork, Simon Coveney TD, Minister for Agriculture, Food and the Marine outlined new economic research that indicates the Government's blueprint for the marine which could deliver more than 29,000 additional jobs and an additional €2.7bn in economic growth by 2020. Downloasd speech below.
Minister Coveney said that "Ireland is now firmly on what I believe is an unstoppable journey of marine expansion. We are experiencing a significant period of 'blue growth' with a 9% increase in growth in Ireland's marine sector over the last five years and the ocean economy now valued at 1.3% of GDP. Today we are building on this progress with the publication of a development framework for the marine sector, coupled with the clear commitment from Government to introduce a marine spatial planning process for the country, which will underpin the achievement of these economic targets as the Harnessing Our Ocean Wealth strategy is implemented."
Ireland's Ocean Economy report and associated research on the downstream impacts of the marine, produced by the Socio Economic Marine Research Unit at the National University of Ireland states that if HOOW targets are met, 29,300 new jobs could be created by 2020, with 16,100 projected to come directly from the marine sector. An additional growth of €2.7bn in the wider economy is also expected.
The report also confirms the current value of the blue economy. In addition to the 18,400 individuals currently directly employed in our marine industries, a further 13,000 are employed indirectly across the wider economy, creating an additional €3.3bn in turnover. For every €100 turnover created from our ocean economy, a further €78 is created indirectly in other sectors.
The Minister encouraged members of the public to attend the Seafest 2015 open day on Saturday in Ringaskiddy "Members of the public will be able to access a state of the art stimulator that is used to train ships' captains and visit seafood cookery demonstrations. They will also be able to experience what it's like to be exposed to hurricane force winds through the BIM Beaufort Scale Hurricane Experience. There will be an extensive seafood fair and cookery demonstrations and multiple other activities on and off the water. This event is free of charge for every age group with lots of family activities planned."
The Conference included contributions from Minister Coveney, Alex White, T.D., Minister for Communications, Energy and Natural Resources; Sean Sherlock, T.D., Minister for Research & Innovation; and Mr Paudie Coffey T.D., Minister of State at the Department of the Environment. Commissioner Karmenu Vella, Environment, Maritime Affairs and Fisheries European Commission and Rt. Hon. Darin King, Minister of Business, Tourism, Culture in the provincial government of Newfoundland and Labrador also spoke at the Conference.
This second annual Conference which reviewed ongoing progress on implementation of the Government's Integrated Marine Plan (published in 2012) was attended by over 500 delegates from the public and private sector with an involvement in the marine sector.
In concluding his address, Minister Coveney said "I believe that the outlook for the sector is really exciting and the possibilities are endless. The challenge now is to make the marine sector a leading contributor to the Irish economy and to recognise the potential we have as an island nation to be a major player in the sector internationally."
