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Upcoming Events

Business After Hours @ Cantec

We have a new format in place for our BAH events. Along with the event host, four additional members will showcase their businesses at a relaxed and informal networking evening.


Date: Wednesday, 25th March

Venue: Cantec, Cleaboy Business Park, Old Kilmeaden Road, Waterford.

Time: 5.30pm

Cost: Free


To book your place, contact Lynda Lawton on 051 311130 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Learn at Lunch – Employment Law

Peter O’Connor & Son Solicitors and Windsor HRM will facilitate this two hour training event, covering the latest topics in Employment Law from both a legal and HR perspective.

 

2 CPD Hours available.

Date: Tuesday, 31st March

Venue: Dooley’s Hotel

Time: 12.30pm – 2.30pm

Cost: €20 (light lunch included)


To book your place, contact Lynda Lawton on 051 311130 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Social Media Bitesize Month

An hour of intensive training in social media over four Wednesdays in April, facilitated by Justin Kearns of Shadow Marketing and featuring Facebook, Twitter, Pinterest, Instagram, social media videos and LinkedIn.


Dates: Wednesdays: 8th, 15th, 22nd & 29th April

Venue: TBC

Time: 12.45pm – 2.15pm

Cost: €20 per session or €70 for all four (light lunch included)


To book your place or for detailed course content, contact Lynda Lawton on 051 311130 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
Employment figures continue to rise

 

Employment levels are at their highest in the South East since 2009, according to the CSO’s latest Quarterly National Household Survey. The unemployment rate now stands at 11.9%, having dropped 3.4% in 2014 and from 20.1% at the start if 2012.

 

Commenting on the figures, Waterford Chamber CEO Nick Donnelly said: “This is a positive step and we will continue to have job creation on the top of our agenda. There are now 204,500 people employed in the South East region. 7,400 jobs were added in the region in 2014 alone, representing 25% of all jobs created in 2014. On a national level this marks the ninth consecutive quarter in which the number of people in work has increased, a trend we will endeavour to help continue.”

 

The national survey shows the numbers in employment at 1,938,900, an increase of 1.5% in 2014. This compares with an increase of 3.3% in 2013.

 

The biggest gains in employment came in the construction and financial sectors, with 13,000 jobs being added in the constructions sector alone, while agriculture saw the greatest decline.

 
Genzyme officially a Great Place to Work

 

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Waterford Chamber has this morning (26/02/15) offered its congratulations to members Genzyme who have been deemed Ireland's Best Large Workplace by global network Great Place to Work.

 

The biotechnology company, which employs over 500 people at their plant in Waterford City, fought off stiff competition from companies such as Intel Security, PepsiCo Ireland and EMC.

 

Listed workplaces are selected and ranked by Great Place to Work primarily on the basis of the confidential input from the employees of that organisation. Two-thirds of every workplace's score comes from the results of the Trust Index Employee Survey, with up to one third of the remaining marks based on a thorough assessment by Great Place to Work of a company-wide Culture Audit. It's not possible for any organisation to be included unless a clear majority of their employees consider their organisation to be a great workplace.

 

Commenting on the award, Waterford Chamber President Dr. Derek O’Byrne said: “This award is truly deserved by Genzyme. They have been a major employer in the region since opening in 2001 and what’s great about this award is that it is a vote of confidence from their employees. Genzyme have been widely recognized for their commitment to the local community and are very strong on Corporate Social Responsibility, but it is heartening to see an award like this come from its own people.”

 
Improvements to Credit Guarantee Scheme welcome but well overdue

 

Waterford Chamber has today (23/02/15) welcomed the extension of the Credit Guarantee Scheme to include refinancing loans and a longer guarantee.

 

Speaking this morning, Nick Donnelly, Waterford Chamber CEO said, “The Credit Guarantee Scheme has not had the desired effect. The inclusion of refinancing loans where an SME’s bank is exiting the market will open this product up to more businesses and will provide a source of support to otherwise viable companies who have struggled to secure the finance necessary to continue to trade.”

 

“Waterford Chamber has long called for an increase in the term of the guarantee and the extension to seven years is particularly welcome. This improved time frame will allow for greater flexibility and better reflects the realities of today’s economy. The Government has realised that the scheme in its current form is not working and have sought to address this issue. This should be commended but they must continue to monitor its progress closely and ensure the targeted improvement is achieved,” he concluded.

 
SBCI funding good news for SMEs and good news for lending market

 

Waterford Chamber has today (19/02/15) welcomed the announcement that Strategic Banking Corporation of Ireland (SBCI) loans will shortly be available through AIB and Bank of Ireland.

 

Speaking this morning, Dr. Derek O’Byrne, Chamber President said, “The launch of this new source of loans is good news for Irish business. SMEs can now access lower cost, longer term loans for a wide variety of purposes. Irish SMEs have long been paying more for bank financing than their European counterparts and the SBCI will allow a broad spectrum of SMEs to borrow at an appropriate cost.

 

“Aside from the lower cost of funding, there are two elements of this scheme that are particularly welcome for the Irish marketplace. The first is that the SBCI will attract new entrants to the marketplace as on-lenders which will drive healthy competition. The second is the potential for innovative new non-bank financing models to be supported by the SBCI platform,” he concluded.

 
EU VAT changes to the supply of digital services

 

Please note the new EU VAT rules for telecommunications, broadcasting and electronic services which came into force on 1st January 2015.

 

Under the new rules, changes have been made to the place of supply of digital services and the applicable VAT rate which will affect a number of company activities, including:

 

  • App developers
  • Webhosting providers
  • Distance learning
  • Online games
  • Software
  • Online publications (newspapers, newsletters, e-books).

 

Recent surveys have found that many companies are unaware of the new VAT requirements. Consequently, Chambers Ireland has developed a brief explanation of the change in rules and the impact that this change may have on Irish digital services providers. Click here to download the guide to the VAT change.

 
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