APPOINTED recently by the Taoiseach, Brian Cowen, the newly established Mid-Shannon Tourism Board, gathered for the first time last Tuesday, September 2 and expressed their satisfaction with the level of interest shown by potential developers in a new tax scheme for local businesses.

Launched in June, the new tax relief scheme offers a unique opportunity for tax-incentive investments in a range of tourism products in areas adjacent to the middle and lower reach of the River Shannon. 
During their meeting the Board received a special progress briefing from Shannon Development who are administering the scheme in the Shannon Region.

“We are delighted to be involved in a project which has the potential to deliver key investment for the Lough Derg and mid/lower Shannon Corridor. We are also delighted that the Board has met in our region and to have had the opportunity to appraise them of projects and proposals we’ve received to-date,” said Vincent Cunnane, Chief Executive, Shannon Development.

“A number of information seminars on the Scheme have been already taken place in Birr and Ballina, and further sessions are planned in Ennis (Wednesday, September 3, at 9.30am in the Shannon Development Information Age Park, Ennis), Nenagh (Tuesday, September 9, at 7.30pm in the Abbey Court Hotel) and Limerick (Tuesday, September 23 at 9.30am in the Clarion Hotel, Steamboat Quay, Limerick).

“Even at this early stage the level of interest in the Scheme is high,” said Mr Cunnane.
Details on the new scheme can be found in guidelines issued by the Minister for Arts, Sports and Tourism in consultation with the Minister for Finance, which can be viewed and downloaded at www.shannondevelopment.ie and www.failteireland.ie or www.arts-sports-tourism.gov.ie

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