louth economic forum
TRANSCRIPT
A Perspective on the Future of thePharmaceutical sector
in the North East
Padraic White
Chairman
Louth Economic Forum
26th January 2011
LOUTH ECONOMIC FORUM
Louth Economic Forum (LEF) - launched 21st April 2009
Louth County Economic Development Strategy (2009-2015)
Membership combines private sector, State agencies , DkIT &local authority management + independent Chairperson
Padraic White, (Chairman) Conn Murray, County Manager
Graham Hughes, Drogheda Chamber Graham O’Rourke, Drogheda Chamber
Patricia Rooney, Drogheda Chamber Ray Carroll, Tourism & Heritage Forum
Paddy Malone, Dundalk Chamber Bill Tosh, Dundalk Chamber
Kevin Kidney, Fáilte Ireland Niall O’Lamhna, Teagasc
Ronan Dennedy, Enterprise Board Malachy McCloskey, Age Friendly Business Forum
Denis Cummins, DkIT Michael Curran, Louth County Council
Michael McCabe, Louth County Council Edel O’Mahony, Louth County Council
Conor Fahy, Enterprise Ireland Pat Doherty, IDA Ireland
Ray Kelly, FÁS Declan Meally, SEAI
John Kieran, Ardee Business Community
LEF Action Plan
ESTABLISHED TASK GROUPS
1.1. Foreign Direct InvestmentForeign Direct Investment -- Published 19Published 19thth Feb 2010Feb 2010
2.2. Indigenous IndustryIndigenous Industry -- Published 26Published 26thth May 2010May 2010
3.3. Sustainable EnergySustainable Energy -- Published 7Published 7thth July 2010July 2010
4.4. Tourism and HeritageTourism and Heritage –– To be published 16To be published 16thth February 2011February 2011
5.5. Education and TrainingEducation and Training –– in operationin operation
6.6. Agriculture and FisheriesAgriculture and Fisheries –– in operationin operation
7.7. Age Friendly BusinessAge Friendly Business –– in operationin operation
8.8. BroadbandBroadband –– in operationin operation
9.9. Making Louth the Best County to do BusinessMaking Louth the Best County to do Business –– in operationin operation
10.10. Drogheda Dundalk Newry Economic CorridorDrogheda Dundalk Newry Economic Corridor
LOUTH’S VALUE PROPOSITION
• Unrivalled location between Dublin & Belfast at thecentre of Ireland’s Eastern Economic Corridor
• 2 of top 3 largest population catchments in Ireland
• First rate Infrastructure
• Fast developing as a Green City Region
• Culture of Entrepreneurship – ‘CAN DO’ attitude
• Highly Educated & Productive labour force
• Responsiveness of DkIT to Pharma Industrial needs
• Excellent Quality of Life
• Population set to grow to almost 190,000 by 2015
Population within 60 km Catchment
N
CAVANLOUTH
MONAGHAN
Drogheda
Dublin
Belfast
Dundalk
Galway
Athlone
Letterkenny Derry
Cavan
MonaghanSligo
Regional Network of International Pharma &Life Science Companies
Opportunities for both IndigenousIndustry & Foreign Direct Industry
Indigenous Industry
Examples in region
• Ovelle Pharmaceuticals (Dlk)
Life Science related
• Bellurgan Precision (Nth Dlk)
• G Pace (Ardee)
Opportunity areas
• Spin off companies from 3rd levelresearch E.g. Smooth MuscleResearch Centre – DkIT
• Many funding sources forPharma/Life Sciences e.g.Enterprise Ireland; SerobaKernel VC
Foreign Industry
Examples in region
• Warner Chillcott (Dlk)
• Probiotec (Dlk)
Opportunity areas
• Louth has a prime national site forlarge Biopharma investment
SUCCESS STORY FOR LOUTH
• Warner Chilcott locate headquarters in Dundalk – Feb2010
“GLOBAL PHARMACEUTICAL company Warner Chilcott will create upto 200 jobs in Dundalk, Co Louth”
“The level of education in Ireland was a major factor in making thedecision on where to locate, according to Roger Boissonneault,Warner Chilcott’s president and chief executive”
The Irish Times - Thursday, February 25, 2010
PHARMACEUTICALSDundalk Science & Technology Park – National asset
• €15m investment by IDA located along M1
• Planning Permission obtained for 2 BioPharmaceutical Facilities
• Potential Employment estimated at between 300and 1,000 if investment secured
• LCC committed 1m gallons of water daily
• 20Mw of Electricity
• Access to Natural Gas
• DkIT responding to specially tailored Bio PharmaModules
Site Master Plan
Small Bio
Large Bio
Office Campus
Campus Entrance