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ChamberLink ISSUE 03 2026

Strengthening Institutions for Sustainable Competitiveness

Behind 25 years of fresh business connections

Juan Blanes, CEO Glenmar Shellfish

ChamberLink Welcome Competitiveness is shaped by many factors. It is how these elements work together that creates the right environment for businesses to invest, grow and plan with confidence. Strong institutions, reliable infrastructure, international connectivity, access to talent and thriving communities all contribute to an environment in which businesses can invest, grow and plan with confidence. That wider view of competitiveness runs throughout this edition of ChamberLink. Our cover story reflects on a recent highlight of the Sustainable Cork Programme, when we welcomed European Commissioner Michael McGrath to Cork for a discussion on strengthening institutions for sustainable competitiveness. It was a timely conversation about the importance of effective institutions, long-term thinking and collaboration between business, policymakers and wider society. That focus on competitiveness is particularly relevant as we look ahead to Budget 2027. The Budget will be an important opportunity to strengthen the conditions for businesses to invest, grow and compete, while addressing the pressures that continue to affect the cost and ease of doing business in Ireland. Connectivity is another essential part of that picture. Our latest Cork Airport Survey reinforces the importance businesses place on strong international connections. For a region competing globally for investment, talent and opportunity, ensuring Cork remains well connected is a fundamental part of our competitiveness. Looking further afield, our international activity continues to build the relationships and connections that can create

Competitiveness cannot be taken for granted

opportunities for Cork businesses. In this issue, we look at our recent Connecting Cork mission to Scotland and the practical supports available to companies through the Enterprise Europe Network, helping businesses access new markets, partners and opportunities beyond Ireland. Sustainable competitiveness must also be inclusive. Through our work on sustainability, ESG and initiatives such as WorkAbility Cork, we continue to focus on creating the conditions in which businesses, people and communities can thrive. A strong economy and a strong society are not separate ambitions; over the long term, each supports the other. We are also entering one of the busiest periods in the Chamber calendar. Our events programme is in full swing and applications are open for the Cork Company of the Year Awards 2027. Connecting, sharing ideas and recognising achievements all contribute to a strong business community and help our members stay connected and ambitious on their own growth journeys. The stories in this edition are varied, but there is a common thread. Cork’s future competitiveness will depend on continuing to strengthen the foundations that enable businesses and communities to thrive.

Conor

Conor Healy CEO, Cork Chamber

T: +353 (0)87 9471858 E: conor@corkchamber.ie CorkChamber.ie

Chamberlink is published by Cork Chamber and is a quarterly publication exclusive to members. The opinions expressed in Chamberlink are not necessarily those of Cork Chamber / Chamberlink main sponsor, neither do they accept any responsibility or liability for any legal implications arising there from. Registered in Ireland no. 13918

16 Connecting Cork in Scotland

In this issue 4

Competitiveness cannot be taken for granted

Cork’s Global Connections

Turning AI’s potential into everyday Business Value

Don’t wait for the pendulum: why inclusion is a Cork business decision, not a trend

Working Connections: opening real workplace doors for Youthreach learners

Volunteering Together: Our 2026 brochure is here

Cover Story: Strengthening Institutions for Sustainable Competitiveness

Measure, Optimise, Collaborate: Key takeaways from REEValue workshops

Beyond Borders: unlocking Europe with the Enterprise Europe Network

Connecting Cork: strengthening Cork’s relationships in Scotland

Could 2027 be Your Year?

Sponsorship Announcements

Upcoming Events

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Recent Events

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Elevating Business and Life Through Irish Fine Art - The Gallery Kinsale

New Members Corner

Members News

Recent Appointments ChamberLink Main Sponsor

PUBLIC AFFAIRS

Competitiveness Cannot Be Taken for Granted By Stephen Keohane, Chairperson, Cork Chamber Budget Committee & Tax Partner, KPMG As Ireland prepares for Budget 2027, Cork finds itself in a position of significant opportunity. Our economic fundamentals remain strong, our population continues to grow, and businesses across the region have demonstrated remarkable resilience in the face of global uncertainty. Yet competitiveness can never be taken for granted. In an increasingly complex and fast-moving world, strong economic performance today is no guarantee of success tomorrow. Budget 2027 presents an important opportunity to reinforce the foundations that will enable Cork and Ireland to continue to attract talent, investment and innovation in the years ahead. Competitiveness as a national priority Consultation with Cork Chamber members identified business competitiveness measures as the leading priority for Budget 2027, with rising costs, increasing regulation and geopolitical uncertainty among the key challenges facing enterprises. Businesses of all sizes are navigating an environment characterised by growing administrative obligations, alongside pressures relating to energy costs, compliance requirements and access to talent. Competitiveness is not solely determined by tax rates. It is increasingly shaped by how easy it is to start, grow and scale a business. Government must therefore prioritise simplification across the regulatory landscape, reducing unnecessary complexity and ensuring that compliance obligations remain proportionate, particularly for SMEs. Streamlining reporting requirements, improving access to grants and supports, simplifying tax administration and avoiding unnecessary “goldplating” of EU legislation would all strengthen Ireland’s position as a location where businesses can thrive. A competitive tax system also remains essential. Measures that support entrepreneurship,

Pictured at the launch of the Cork Chamber Budget Submission with Minister for Public Expenditure Jack Chambers are Conor Healy, Cork Chamber CEO, Susie Horgan, Cork Chamber President and Stephen Keohane, Chair of the Cork Chamber Budget Committee. Photo: Darragh Kane

encourage investment and improve the attractiveness of Ireland for internationally mobile talent can play a vital role in strengthening our longterm economic resilience. Combined with a renewed focus on simplification, these reforms would help create an environment where indigenous enterprises can grow and scale alongside our strong foreign direct investment sector. Investing in the drivers of future growth Competitiveness must also be viewed through a broader lens. The ability of businesses to grow depends on having access to skilled people, modern infrastructure, affordable energy and a supportive innovation ecosystem. Budget 2027 should therefore continue to invest in the critical enablers of growth. The emergence of artificial intelligence and accelerated digitalisation presents a significant opportunity for Ireland. Supporting businesses, particularly SMEs, to adopt new technologies, invest in innovation and access upskilling opportunities will help enhance productivity and future-proof

competitiveness. At the same time, continued investment in education, apprenticeships, research and skills development is essential to ensure that Ireland’s workforce remains aligned with evolving economic needs. Cork is particularly well positioned to capitalise on these opportunities. Our world-class educational institutions, strong research base, growing technology ecosystem and emerging leadership role in renewable energy provide a platform for sustainable long-term growth. Strategic investment today can help ensure that Cork continues to play a leading role in Ireland’s economic success story. Budget 2027 is an opportunity to strengthen Ireland’s competitive edge at a time of significant global change. By prioritising simplification, supporting enterprise and investing in the foundations of future growth, Government can help ensure that Cork and Ireland remain locations of choice for talent, innovation and investment for decades to come. The full budget submission is available on corkchamber.ie

Roy O’Driscoll, Cork Airport Deputy Managing Director & Head of Commercial Business Development, Tara Finn, Cork Airport Head of Aviation Business Development & Communications, Niall MacCarthy, Cork Airport Managing Director, Conor Healy, Cork Chamber CEO and Aoife Moriarty, Cork Chamber Public Affairs & Communications Executive at the launch of Cork Chamber’s 2026 Cork Airport Survey. Photo: Darragh Kane

Cork’s Global Connections

European capital cities and New York emerged as the top priorities for future connectivity from Cork Airport for business travellers, according to the results of Cork Chamber’s Cork Airport Survey 2026. The survey, conducted in partnership with Cork Airport, captures a snapshot of businesses’ current route preferences and priorities for future connectivity, as well as business travellers’ satisfaction with broader airport services and operations in Cork. Direct connectivity supports Cork’s competitiveness For both multinationals and indigenous firms operating in Cork and the Munster region, the ability to welcome visiting colleagues from overseas directly into Cork Airport is a clear determining factor driving investment and growth decisions. 87% of respondents indicated that direct connectivity into Cork was extremely important or very important for colleagues travelling from overseas. European hubs, including London, Amsterdam, Paris and Frankfurt, continue to be the most popular destinations from Cork for business travel.

Cork Airport’s capacity to facilitate long-haul connections is crucial, enabling onward connectivity to the regions with which many firms conduct business; half of all respondents indicated that the Americas was the region they conducted business with most frequently when travelling longhaul (50%), followed by Asia/Middle East (17%). Survey findings indicate that growing Cork’s route offering can help to support ongoing investment in Cork and the wider southern region, creating opportunities for new investment pathways and strengthening existing business links. Key routes for Cork’s success Businesses’ views on priorities for future connectivity were sought, with New York emerging as a top priority from both a business and inbound tourism perspective. The findings also illustrate the continued value of connections into the European market, with 34% of respondents citing a European

capital city as a priority for future connectivity. Berlin, Copenhagen and Madrid emerged as top priorities from a business viewpoint. A direct Cork to Belfast route also emerged as an important priority for businesses in the region, underlining the appetite for enhanced cross-border trade and tourism links among Cork businesses. 52% of respondents said they would use a direct Cork to Belfast route at least quarterly, if available. Cork Airport is a critical enabler of connectivity across the southern region and has a vital role to play in enhancing the region’s economic competitiveness into the future, as well as continuing to support inbound tourism to the region. Ongoing enhancements to Cork Airport’s facilities will deliver an increased passenger capacity of up to five million per annum, future-proofing the airport’s offering as population and economic growth continues across the region and providing significant opportunities to expand connectivity.

INNOVATION SERIES

Turning AI’s potential into everyday Business Value

Adrian O’Flaherty, a Director within Accenture’s AI & Data practice in Ireland, shares reflections from working with global and Irish organisations to turn rapidly advancing AI technology into lasting improvements. A software engineer can build an application faster than ever. But if it still takes weeks for business feedback, a security review or permission to go live, how much faster has the business really become? That question captures a challenge many Irish organisations are now facing. AI is expanding what people can achieve, but its benefits will remain limited unless organisations redesign how work moves from idea to outcome. Better services, stronger businesses and new opportunities require more than enabling AI tools: they require changes to processes, decision-making, skills and culture across the organisation. Accenture’s 2024 Generating Growth report estimated that 42% of working hours in Ireland could be in scope for AI-enabled change. Just two years later, Accenture’s 2026 Generating Impact report put that figure at 82%. The pace of progress is striking

and reflects a broader range of AI capabilities that are now practical rather than theoretical. These figures only describe potential, not hours already saved. But they signal how significantly the AI opportunity has expanded. The question is no longer whether AI can help. It is whether organisations can translate that potential into changed behaviour, redesigned work and measurable results. Making adoption part of the working day At Accenture curious and ambitious colleagues use AI to explore more ideas, build more quickly and produce work that would previously have required considerably more time and effort. The impact extends beyond just speed, if often gives people the confidence to tackle work they might previously have avoided because of time, complexity or uncertainty.

The challenge is helping that capability spread. Access to a tool and a few hours training provide a basic starting point, but sustained adoption requires practice on real tasks, support from informed colleagues and supportive managers, and space to find what works in the real world. Accenture’s research illustrates the gap: daily employee use of generative AI rose from 8% in 2024 to 22% as of early 2026, yet fewer than one in three employees said a major process in their team had been redesigned around AI in the previous year. People are using the tools, but the work itself has not changed. Giving the organisation the ability to change Accenture is seeing organisations establish dedicated AI capabilities, often a centre of excellence that brings together expertise from across the business, to coordinate

investment, build knowledge and set standards. For this to work in practice, it requires clear ownerships, appropriate governance, reliable infrastructure and sustained support for employees. In Accenture’s client work, a welldesigned AI strategy and operating model is only the beginning. Value emerges when teams have the authority and support to make decisions, redesign processes and implement measurable improvements. Many firms have invested in the technology without defining the required changes to work or empowering teams to deliver them. For smaller businesses, this may not mean creating a new department. It can begin with a named business owner, people who understand the existing process, and clear responsibilities for technology, risk and training. It must also create space for safe experimentation, on-the-

job learning and nurturing the new mindsets & behaviours required to reinvent with AI. From faster output to real change Software development offers a useful example. AI coding tools can accelerate application development dramatically, but writing code is only one stage of delivering useful technology. Understanding user needs, architecture, testing, integration, security and release decisions all influence when end-users receive the benefit. If those stages remain unchanged, faster development simply moves the bottleneck elsewhere. Improving the whole journey requires teams to examine handovers, approval routes and how quality is checked. Delivering real and sustained value from AI requires a reinvention of businesses end-to-end processes, not just a point solution to speed up a single task.

AI capabilities will continue to evolve rapidly. Organisations can prepare by investing in how they learn, measure, enhance and reinvent. Sustained investment in people, processes and culture gives each technological advance a better chance of becoming something customers and colleagues can actually experience. Organisations remain willing to invest in AI technology, but are often less committed to the people, skills and organisational change needed to turn that technology into value. Closing that gap is now the leadership priority Accenture sees at many of their clients. The organisations that redesign how work gets done will turn AI’s potential into reality, while those that focus on tools alone will continue to struggle to realise value.

ESG

Don’t Wait for the Pendulum: why inclusion is a Cork business decision, not a trend Naoimh Frawley, Director of People, Operations & Governance There’s a lot of noise at the moment about diversity, equity and inclusion (DEI). The political climate has shifted and some global businesses are reassessing DEI commitments as a result. At times, it can feel as though inclusion is being treated like a fashion that’s about to go out of style. But here in Cork Chamber, we look at it differently: inclusion isn’t a trend to ride out or a pendulum to wait on. It’s a decision employers make, or don’t, about the kind of workplace they create, the talent they are open to, and who gets a fair shot at work. That’s why Cork Chamber continues to work with SECAD on the WorkAbility Cork programme, and why we’re asking employers across the city and county to consider how they can get involved. WorkAbility Cork is open to anyone aged 18 or over who identifies as having a disability, or whose life has been affected by a mental health setback and who’s looking for support to access employment. It’s very straightforward, SECAD works with people to help them find a way into work, and Cork Chamber works with employers to help them open that door.

The case for getting involved isn’t complicated. Cork has no shortage of talent, but talent doesn’t always come with easy access to the workplace. For people who’ve had a setback due to disability or mental health, it can be a lot harder than it needs to be, not because of what they can do, but because of who’s willing to give them the chance to show it. Employers are the ones who hold that chance. Our message to Cork businesses is simple: don’t wait to be told this matters and don’t wait for anyone else to go first. Whatever direction the wider conversation on DEI takes, the practical reality doesn’t change, a more inclusive Cork workforce is a stronger one, and the businesses that lead on this now will be the ones that benefit from it for years to come. Waiting for a more comfortable moment just means someone else misses out today. If you’re an employer who could offer a placement or simply a conversation about what inclusive hiring could look like for your business we would love to hear from you. And if you, or someone in your family has experienced a setback due to disability or mental health and is looking for support to access employment, please get in touch. Please contact Naoimh Frawley naoimh@corkchamber.ie or Vicki Kelly vkelly@secad.ie

Working Connections: opening real workplace doors for Youthreach learners Recently, Cork Education and Training Board (Cork ETB) and Cork Chamber marked the success of the Working Connections programme at an employer appreciation event in Republic of Work. It was a fitting venue for the occasion, a space built on collaboration, hosting a celebration of a pilot that did exactly that.

For Cork Chamber, an ambitious and inclusive Cork is one where opportunity isn’t determined by circumstance. Working Connections puts that principle into practice: creating access to employers, workplaces and professional networks, while giving young people the opportunity to demonstrate what they can bring to the world of work.

Working Connections set out to do something simple but not always easy, to connect Youthreach learners with meaningful, employer-led work placements and in doing so, build a more inclusive pathway into employment for young people across the city and region.

The results of the first pilot have reinforced the potential of that approach, with participating students gaining practical experience, skills and connections that can help shape their next steps.

Six students were referred to the programme, and all six secured placements with a diverse range of Cork employers, including Dell Technologies, Clayton Hotel Cork City, JW O’Donovan Solicitors, Kingsley Hotel, Talbot Hotel Midleton, and Republic of Work. Four went on to complete the full programme, each coming away with hands-on experience, new skills and mentorship shaped around their own interests and career ambitions. Why it matters The idea behind Working Connections came from a straightforward observation around social capital. The networks and connections that help people access opportunities play a huge part in who gets a foot in the door. For many Youthreach students, those networks just aren’t there. This pilot was designed to change that, using the relationships Cork Chamber has built with its members to open doors that might otherwise stay closed.

Denis Leamy, Chief Executive of Cork ETB, welcomed what the partnership had achieved. “Working Connections is a strong example of what can be achieved when education and industry come together with a shared purpose to create meaningful and inclusive pathways into the world of work. This initiative reflects our FET Strategy 2026–2030 and its focus on connecting learners directly to real opportunities. I want to commend all the employers, coordinators, and students involved.” Keith Murphy, Director of Further Education and Training at Cork ETB, put it plainly. “This is what social capital looks like in practice. Access to people, workplaces, and opportunities that help shape future pathways. The success of this pilot is a testament to the commitment of our Youthreach coordinators, the generosity of our employer partners, and the courage of the students who stepped forward and gave it their all.” What’s next

It reflects the Chamber’s wider purpose to support both its members and the community, connecting the expertise and goodwill within Cork’s business community with young people who have real potential but may not have had access to the same opportunities as others.

The pilot has demonstrated the potential of the model, and both organisations are now committed to growing it, bringing more students and more employer partners on board in future cycles. It’s a good example of what Cork’s business community can do when it puts its networks to work for the people who need them most.

Pictured are, Naoimh Frawley, Cork Chamber; Denis Leamy, Chief Executive Cork ETB; Keith Murphy, Director of Further Education & Training Cork ETB; Karen Hogan, Ballincollig Youthreach Co-Ordinator, Emily McSweeney, Graduate Cork College of FET Youthreach Ballincollig; Sarah Livesey and Rebecca Quinlan, Republic of Work.

Pictured are, Des Cullinane, Youthreach Co-Ordinator, Denis Leamy, Chief Executive Cork ETB, Naomi Woodyatt, Talbot Hotel Midleton, Toni Hannigan, Student Cork College of FET CCLSS, Naoimh Frawley, Cork Chamber; Keith Murphy, Director of Further Education & Training Cork ETB and Eanna O’Brien, Talbot Hotel Midleton.

ESG

Volunteer, Together: Our 2026 brochure is here We’re delighted to launch our Volunteering Brochure 2026. Now in its second year, it brings together volunteering opportunities with over 30 local charities and not-for-profits, giving member companies an easy way to get involved and give something back. Whether it’s a hands-on environmental project, a community programme or skill-based volunteering, there’s something here for everyone. Getting involved is a great way to build stronger teams, boost wellbeing and help make Cork a more inclusive, sustainable place to live and work. We encourage members to take a look and get involved. Every hour given makes a real difference to the charities and communities we’re lucky to have on our doorstep. View the brochure on the cork chamber website here https://www.corkchamber.ie/wp-content/uploads/2026/09/ Volunteering-brochure-2026.pdf

Naoimh Frawley, Director of People, Operations & Governance and Juliet Haykal, Operations Executive.

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COVER STORY

Pictured at Cork Chamber’s Strengthening Institutions for Sustainable Competitiveness event at The Metropole Hotel Cork are Cathal McSweeney, Director of Public and International Affairs, Cork Chamber; Susie Horgan, President, Cork Chamber; Michael McGrath, European Commissioner for Democracy, Justice, the Rule of Law and Consumer Protection; and Dr Alicia Mateos-Cárdenas, REEValue & Sustainability Lead, Cork Chamber. Photo: Darragh Kane

Strengthening Institutions for Sustainable Competitiveness Strong institutions, reliable infrastructure and long-term thinking are fundamental to Ireland’s competitiveness. The environment in which businesses operate is changing rapidly. Energy prices can be shaped by conflicts far beyond our borders, geopolitical tensions can disrupt supply chains and extreme weather events are testing infrastructure built for a different climate. At the same time, economic, technological and regulatory change is creating new opportunities while adding complexity to long-term decision making. For Cork businesses planning and investing for the years ahead, the question is increasingly how to build the certainty and resilience needed to navigate an unpredictable future. So, what do Irish businesses need to get right to remain competitive, resilient and sustainable over the long term? This question was explored at our in-person event “Strengthening Institutions for Sustainable Competitiveness”, hosted through Cork Chamber’s Sustainable Cork Programme and

as an official Associated Event of Ireland’s EU Presidency. The discussion considered these issues through the lens of SDG 16: Peace, Justice and Strong Institutions. While the discussion brought together several perspectives from academia, business and policy, several themes emerged clearly: strong institutions create certainty, infrastructure must keep pace with growth, resilience requires long-term planning and sustainability and competitiveness are not competing agendas.

Certainty is a competitive advantage Strong institutions, clear rules and effective policy implementation create the certainty businesses need to make investment decisions. This is particularly important as businesses navigate significant changes in energy, sustainability, technology and international trade. continues on p12

COVER STORY

Prof. Andrew Cottey, Professor and EU Jean Monnet Chair, University College Cork; Prof. Mary Murphy, Professor, Maynooth University; Marian Curry, Head of Business Engagement, Business in the Community Ireland; Órla Burke, Sustainability Manager for Engineering & Major Projects, ESB and Dr Alicia Mateos-Cárdenas, REEValue & Sustainability Lead, Cork Chamber at Strengthening Institutions for Sustainable Competitiveness event at The Metropole Hotel Cork. Photo: Darragh Kane

continued from p11

As EU Commissioner Michael McGrath highlighted, “Competitiveness depends on more than infrastructure, skills, energy, finance and markets. Businesses also need certainty: clear and predictable laws, enforceable contracts, effective public administrations and confidence that rules will be applied consistently. They need to know that the institutional environment they invest in today will remain stable tomorrow. That is why strong institutions matter for competitiveness, and SDG 16 is not an abstract commitment, but an essential foundation for sustainable economic growth.” For Ireland, this means not only having ambitious policies, but also creating the conditions for businesses to plan and invest with confidence.

Infrastructure must keep pace with ambition Cork’s ability to remain competitive will also depend on our capacity to deliver the infrastructure required to support continued growth. Housing, transport, water and energy infrastructure are not simply services; they are part of the structure of a functioning economy. The challenge is particularly evident in the energy sector. While we continue to rely heavily on fossil fuels for transport and heating, demand for electricity is increasing. Renewable generation is growing, but the transition needs to accelerate quickly if Ireland is to meet as much as possible its 2030 climate objectives while supporting economic growth.

Cork has significant potential for continued growth across international business, energy, manufacturing, technology and research. Its ability to continue attracting talent and investment, supported by business growth, depends on infrastructure being delivered ahead of demand, rather than in response to it.

Planning ahead of a crisis Resilience requires more than responding effectively when disruption occurs. It requires anticipating what might happen next. Ireland has strengths in governance and democratic institutions, but there is a need to strengthen our capacity for anticipatory governance. Extreme weather events have been shown to disrupt transport and energy networks. Cyberattacks have the potential to affect essential services and geopolitical tensions can expose vulnerabilities in supply chains and critical infrastructure. So, the question is not whether disruption will occur but whether our systems are sufficiently resilient to absorb it and continue operating. For business, this matters at every level: from individual supply chains, to national electricity grids and communications. Building resilient businesses means understanding these interdependencies and working across them.

Cathal McSweeney, Director of Public and International Affairs, Cork Chamber; Órla Burke, Sustainability Manager for Engineering & Major Projects, ESB (Sponsor); Garrett O’Rourke, Training and Development Manager, Cork Chamber Skillnet (Sponsor); Susie Horgan, President, Cork Chamber; Youenn Lowry, Manging Director, SE Systems (Sponsor); Dr Alicia Mateos-Cárdenas, REEValue & Sustainability Lead, Cork Chamber and John O’Leary, CEO, SE Systems (Sponsor). Photo: Darragh Kane

Sustainability and economic growth are not separate agendas Perhaps one of the most important shifts in the competitiveness conversation is recognising that sustainability and economic performance are not separate agendas. The transition to a more sustainable economy will require significant investment and it will also create opportunities for innovation, efficiency and new business models. For businesses, sustainability is increasingly about how decisions are made: how energy is sourced, how resources are used and how supply chains are managed while risks are assessed. The European policy landscape is evolving, with efforts to simplify sustainability reporting and reduce administrative burdens. While simplification can help businesses focus on meaningful action, it should not remove the underlying environmental and social commitments a business has. The opportunity is to ensure that sustainability supports competitiveness rather than being treated as an additional layer of compliance. There are practical examples of what this can look like. Retrofitting buildings, for example, can support decarbonisation while addressing energy poverty, demonstrating that the well-designed interventions can deliver multiple benefits at once.

The same principle applies to the social dimension of sustainability. The transition will only be resilient if affordability, good working conditions and the impacts of investment on local communities are considered alongside environmental outcomes. For businesses, this can mean looking beyond their own operations to how they procure and manage their value chains.

Building on sustainable foundations Cork has many of the foundations required for long-term competitiveness: a strong international business ecosystem, a skilled workforce, a dynamic research environment and deep connections with European and global markets. The next phase of our economic development will require a stronger focus on delivery. The region’s continued growth will depend on connecting ambition with delivery and ensuring that investments with sustainability in mind keep pace with the needs of businesses and communities.

SUSTAINABILITY

Pictured at the REEValue workshop are Cathal McSweeney, Director of Public and International Affairs, Cork Chamber; Alicia Mateos-Cárdenas, REEValue Project Coordinator and Grace Kelleher, International Manager with Christine Weiker, ECSLA and Conor Molloy, AEMS.

Measure, Optimise, Collaborate:

key takeaways from REEValue workshops How can businesses accelerate investment in energy efficiency and renewable energy, and where are the biggest opportunities still being missed? That was the focus of the final REEValue workshops, hosted by Cork Chamber in September. The hybrid event brought together 11 speakers from six European countries. Across three sessions on value chains, finance and practical examples, one message came through clearly. The technology and funding are there. The bigger opportunity lies in how businesses work together, measure performance and turn opportunities into action. For food, beverage and transport businesses, some of the most valuable savings need little capital investment. They start with better measurement, smarter use of existing equipment and collaboration across the value chain.

Start with what you already have Many of the strongest examples shared on the day involved simple operational changes. A Portuguese cheese producer reduced its electricity use per unit of product by around 34% by improving ventilation around its condensers. The same principle applies in transport, where ecodriving can deliver fuel savings of 5–10% without any vehicle modification. Measurement is the starting point, because you cannot optimise what you cannot see. Before investing in new technology, businesses need to understand where and when energy is being used and where performance can be improved.

Energy is only part of the business case Energy efficiency decisions are rarely made on energy savings alone. Energy audits of 38 large enterprises and seven small and medium-sized enterprises found that energy efficiency was often not the main reason measures were implemented.

Businesses were also responding to grid instability, corrosion, maintenance costs and employee comfort. This matters when building an investment case. The strongest projects deliver multiple benefits, from lower operating and maintenance costs to greater resilience, better working conditions and security of supply. The question to ask is not only “how much energy will this save?” but also “what wider value will this create?”

Funding is available, but good projects need good data The workshops also highlighted the supports already available to Irish businesses. Access to finance is only part of the picture. To be ready for funding, a project needs a clear baseline, a defined opportunity and a credible estimate of potential savings. Without good data, this is much harder. That is where practical support and collaboration can make a real difference.

Practical steps for your business For businesses looking to accelerate their energy transition, the workshops pointed to five practical steps: 1.

Measure what you use

Optimise the equipment you already have

Build the business case around more than energy savings

Make use of the supports available

Look beyond your own business for new opportunities

For more information or support, visit reevalue.eu, contact alicia@corkchamber.ie or connect with Cork Chamber on LinkedIn.

Beyond Borders: unlocking Europe with the Enterprise Europe Network With Ireland now holding the Presidency of the Council of the European Union, there is a lot of focus on competitiveness and making the Single Market work better for businesses. For companies in Cork, it is also a good opportunity to look at what being part of that market can mean for their own growth.

Europe closer than you think For many businesses, the European market can feel like something that sits in the background rather than a real opportunity on the doorstep. But the numbers tell a different story. Cork Chamber’s Q4 2025 Economic Trends survey found that 78% of businesses believe Ireland’s EU membership has brought benefits from a business perspective, with the Single Market identified as the biggest benefit. Even more encouragingly, 95% expect Irish businesses to continue benefiting from EU membership in the medium to long term. The challenge is knowing how to make the most of that opportunity.

Finding the right connections The Enterprise Europe Network (EEN) provides free, tailored support to businesses looking to grow, innovate and explore opportunities beyond Ireland. With a network covering 50+ countries, EEN can help businesses find potential partners, customers, suppliers and collaborators in new markets. This could mean finding a distributor, exploring a new market or identifying a company to work with on a joint project.

The Network also organises B2B matchmaking events, international missions and business meetings, giving businesses the chance to meet potential partners directly. But internationalisation is only one part of what EEN offers. Businesses can also get support with innovation, EU funding and access to finance, including help identifying relevant funding opportunities and navigating European programmes. There is also advice around digitalisation and sustainability, as well as opportunities for technology transfer and research collaboration. For a business with an idea but unsure what to do next, having someone point them towards the right programme, partner or expertise can make a real difference.

Making the Single Market easier to navigate Doing business across Europe is not always straightforward. Different rules, standards and regulatory requirements can make entering a new market feel complicated. EEN can help businesses understand EU legislation, standards and regulations, making it easier to work out what is required when trading across the Single Market. Businesses can also feed their experiences into the EU policy process. Through EEN, SMEs can take part in consultations and highlight issues they are facing in the Single Market. With Ireland’s EU Presidency putting Europe’s business environment in the spotlight, it is a good time for Cork businesses to look beyond our own borders. Whether you are thinking about entering a new market, looking for a partner or trying to understand what EU rules mean for your business, contact EEN Advisor Monica Valdes at Cork Chamber at monica@corkchamber.ie

INTERNATIONAL

Connecting Cork: strengthening Cork’s relationships in Scotland Strong international relationships are an important part of Cork’s ability to attract investment, support business growth and strengthen its profile as a location for talent, investment and business. With deep economic ties, strong connectivity and significant areas of shared opportunity, the UK is a natural focus for this engagement. Scotland recently became the first destination in a new programme of engagement across the UK through Connecting Cork, with a twoday mission focused on building relationships and promoting Cork’s economic proposition internationally. Connecting Cork provides a platform for building relationships and communicating Cork’s strengths as a place to live, work, invest and do business. The programme forms part of Cork Chamber’s wider strategic plan and supports engagement with markets and regions where stronger relationships can create opportunities for Cork businesses and the wider economy. The UK is a particular focus for this engagement. Its proximity, connectivity and longstanding economic relationship with Ireland make it an important market for Irish businesses. In 2025, Enterprise Ireland client exports to the UK reached a record €11.1 billion, increasing by 10% in a single year, with the UK accounting for 29% of all Enterprise Ireland client exports. Attracting international investment remains a key driver of Ireland’s economic growth and regional development. Approximately 1,800 IDA Ireland client companies employed 312,400 people in Ireland in 2025, while IDA Ireland secured a record 323 investments during the year, expected to create more than 15,300 jobs. This scale of activity reinforces the importance of initiatives such as Connecting Cork in building international relationships, alongside

regionally focused engagement that can bring Cork’s particular strengths, opportunities and business connections to international audiences. Against this backdrop, developing stronger relationships with UK cities and regions has strategic value for Cork. These relationships can support Cork companies seeking to expand in the UK while providing opportunities to showcase Cork’s economic proposition, talent base and sectoral strengths to potential investors and international partners. Scotland was a natural starting point. Ireland was the second-largest source of foreign direct investment into Edinburgh last year, while Enterprise Ireland client exports to Scotland rose by 46% in 2025, demonstrating the momentum behind the two-way economic relationship. There is significant alignment between Cork and Scotland. Scotland has established strengths across energy and renewables, financial services, life sciences, technology and digital, advanced manufacturing, and tourism and business events. These complement many of Cork’s own sectoral strengths and create opportunities for commercial collaboration, knowledge exchange and investment. Led by Cork Chamber CEO Conor Healy and International Manager Grace Kelleher, the mission took place on 27 and 28 August 2026, with an extensive programme across Edinburgh and Glasgow.

In Edinburgh, Cork Chamber met with the Consulate General of Ireland, followed by engagements with the Edinburgh International Conference Centre, Edinburgh Chamber of Commerce and Perigus Energy. In Glasgow, the programme focused on trade, investment and economic development. Meetings with Scottish Enterprise explored Scotland’s approach to the energy transition. Engagement with Glasgow Chamber of Commerce and Scottish Chambers of Commerce helped strengthen Chamber-toChamber relationships and identify opportunities for future business engagement. Meetings with Enterprise Ireland and Destination Glasgow/Glasgow Convention Bureau completed the programme, with discussions spanning Irish companies’ activity in Scotland and opportunities for greater engagement in tourism. Scotland represents the starting point, rather than the conclusion of this activity. Through Connecting Cork, Cork Chamber will continue to engage with regions across the UK. This ongoing engagement will help tell Cork’s story to international audiences and build networks that support Cork businesses.

Conor Healy, CEO Cork Chamber; Susan McKay, Commercial Director, Glasgow Chamber of Commerce; Charandeep Singh, CEO of Scottish Chambers; Grace Kelleher, International Manager, Cork Chamber and Richard Muir, Deputy Chief Executive, Glasgow Chamber of Commerce.

Conor Healy, CEO Cork Chamber with Breda Doherty, Senior Market Advisor - Scotland, Enterprise Ireland and Grace Kelleher, International Manager, Cork Chamber.

Conor Healy, CEO Cork Chamber; Jane Watters, Senior Innovation and Trade Specialist, Scottish Enterprise and Grace Kelleher, International Manager, Cork Chamber.

Conor Healy, CEO Cork Chamber with Cath Sangster, Senior Corporate Sales Specialist, Edinburgh International Convention Centre and Grace Kelleher, International Manager, Cork Chamber.

Conor Healy, CEO Cork Chamber; Jerry O’Donovan, Consul General in Edinburgh; Sarah Keating, Vice Consul General in Edinburgh and Grace Kelleher, International Manager, Cork Chamber.

Pictured at the launch are Naoimh Frawley, Director of People, Operations & Governance Conor Healy, CEO of Cork Chamber Susie Horgan, President of Cork Chamber Chris Wood, Partner – Audit at KPMG. Photo:Darragh Kane.

Could 2027 be Your Year? Applications are now open for the Cork Company of the Year Awards 2027, inviting businesses from across the region to put themselves forward and tell their story. Sponsored by KPMG, the awards recognise companies making a significant contribution to Cork’s economy and business community – from emerging businesses building momentum and SMEs scaling their ambitions, to large indigenous companies and international organisations investing and growing in the region.

The 2026 Overall Cork Company of the Year title was awarded to Qualcomm Technologies, following a landmark year in which the company announced further investment in its Cork operations and expanded its advanced research and development capabilities in artificial intelligence and next-generation computing.

The awards are open across four categories: Emerging, SME, Large and International Cork Company of the Year, reflecting the diversity of Cork’s business base and recognising that business excellence comes in many forms.

Chris Wood, Partner – Audit at KPMG, said: “The Cork Company of the Year Awards shine a spotlight on the enterprises that are defining the future of one of Europe’s most vibrant city regions. From indigenous success stories to global industry leaders, Cork businesses continue to demonstrate the innovation, ambition and resilience that underpin Ireland’s economic success. KPMG is proud to partner with Cork Chamber in recognising these achievements and celebrating the organisations that are helping to shape Cork’s next chapter.”

“Cork’s strength as a business location is built on the quality and diversity of the companies that grow, invest and create employment here,” says Susie Horgan, President of Cork Chamber. “These awards give us an opportunity to recognise their contribution and showcase the businesses helping to shape Cork’s future.” Each year, the awards bring forward business stories from across Cork – companies reaching new markets, investing in their people and operations, innovating and contributing to the region’s economic resilience. Previous finalists and winners have ranged from ambitious start-ups to some of the world’s leading international companies.

Could 2027 be your year? Companies of all sizes and sectors are encouraged to enter. Applications close on Friday, 9 October 2026, with the category winners and Overall Cork Company of the Year 2027 announced at the Cork Chamber Annual Dinner in February. Find out more and apply at corkchamber.ie/corkcompany-of-the-year-awards

It’s time to celebrate your success. Apply now for the Cork Chamber Cork Company of the Year Awards 2027 and showcase your achievements, innovation and commitment to excellence. From start-ups to multinationals, we want to hear your story. TO ENTER VISIT:

CorkChamber.ie CLOSING DATE FOR APPLICATIONS:

FRIDAY 9 OCTOBER TH

Media Partner

Sponsorship Announcements

Dublin Dinner Cork Chamber is proud to continue its valued partnership with EY as headline sponsor of the Cork Chamber Dublin Dinner. This ongoing collaboration underscores the shared commitment of both organisations to strengthening the voice of Cork on the national stage and fostering meaningful connections between Cork and Dublin's business communities. Ronan Murray, EY Cork Office Managing Partner, said “EY Ireland is proud to continue our sponsorship of the annual Cork Chamber Dublin Dinner for the fifteenth consecutive year. This event provides an excellent opportunity for business and political leaders to come together to shape the future of Ireland with confidence, and we are delighted to be part of its continued success."

Christmas Lunch We are delighted to announce that ticket sales are now open for the Cork Chamber Christmas Lunch 2026, one of the most anticipated events in the Cork business calendar. We are thrilled to welcome back Osborne as headline sponsor, for what promises to be another brilliant afternoon of celebration, connection and great company. Shona McManus, Group CEO & Owner said “Osborne is delighted to continue our partnership with Cork Chamber as headline sponsor of the Christmas Lunch for the 5th year running. It's one of the highlights of the festive season and we look forward to welcoming the city's business community together to celebrate in style as we close out another successful year." .

CORK FINANCIAL SERVICES FORUM Annual Summit 2026 6 November 2026

Now in its fourth iteration, this year's summit will bring together industry speakers for a morning of informative keynote presentations and panel discussions. Ireland’s financial landscape Navigating a changing landscape Investment management in focus Economic insights Growth and opportunity Industry keynotes & panel discussions Industry networking

Clayton Hotel, Cork City

SCAN HERE TO REGISTER OR VISIT

CORKCHAMBER.IE

AWARDS CEREMONY

FRIDAY 9TH OCTOBER 6PM-11PM ROCHESTOWN PARK HOTEL TICKETS €120 PP

Join host Sinead Kennedy for an evening celebrating the achievements of Cork’s digital marketing community, as she announces the winners of each category and reveals the Digital Marketing Legend 2026! Promising to be a fantastic night, mingle with fellow marketers, make new connections and enjoy dinner and an evening of awards alongside the people and businesses driving Cork’s digital industry forward.

TICKETS ON SALE NOW View this year’s finalists & book your tickets at CorkChamber.ie In association with Media Partner

In Partnership with

Upcoming Events For more information & bookings visit CorkChamber.ie

THURSDAY 29TH OCTOBER | 7.30AM-9AM

TUESDAY 24TH NOVEMBER | 7PM-11PM

CLAYTON HOTEL CORK CITY

CLAYTON HOTEL BURLINGTON ROAD, DUBLIN

Join us for this Business Breakfast with Jenny Melia, CEO, Enterprise Ireland, the government’s enterprise development agency supporting Irish-owned companies to start, compete, scale and connect globally.

Join over 650 business leaders, policy makers and key stakeholders as we gather to celebrate the collaboration and shared ambition that continues to drive growth, innovation and economic success across Ireland's two largest city regions.

With 30 years of experience at Enterprise Ireland, Jenny has worked extensively with companies across the food, industrial and technology sectors, as well as leading the High Potential Start-Up Division and working across research and innovation. Jenny will share her perspectives on the future of Irish enterprise, the importance of innovation, AI and sustainability in driving competitiveness and the opportunities for Irish businesses to scale and become global leaders. IN ASSOCIATION WITH

MEDIA PARTNER

This year’s guest of honour and keynote address will be delivered by Taoiseach Micheál Martin TD. During the evening, Cork Chamber will present the Outstanding Contribution to Business award, recognising an individual whose leadership, vision and achievements have made a lasting impact on Cork’s business community and the wider region.

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Golf Classic 2026 The Golf Classic in association with Lexus Cork took place on the 25th August with over 160 players taking part. Lee Valley Golf Club provided the perfect setting for a fantastic day, with a great atmosphere on and off the course. Thanks to the generous support of our Chamber members, everyone also went out with a packed goodie bag. Congratulations to the winning team from Davy, who had an impressive score of 55.8. Each player on the team went home with a one night stay for two at Fota Island Resort with breakfast and dinner & a pair of Adidas Adipower golf shoes. The Hole-in-One Charity Challenge in association with O’Donovan Baker LLP Solicitors raised €2,100, which was shared between Irish Guide Dogs for the Blind and Hand in Hand Children's Cancer Charity. Photo L-R: Conor Healy, Cork Chamber, Martin Hackett, Club President, Ken Matson, Club Captain, Paudie Donegan, Lexus Cork.

GOLF CLASSIC WINNERS 1ST

Davy

2ND

Insight Private Clients

3RD

Clayton Hotel Silversprings

4TH

Cork Airport

5TH

6TH

Hopkins Communications

7TH

Deloitte Brendan O’Driscoll, Denis O’Brien, Michael Hayes, Cillian Hogan, Davy.

8TH

Johnson Controls

9TH

O'Donovan Baker LLP Solicitors

10TH

CompuCal Calibration Solutions Ltd

NEAREST THE PIN - 3RD Richard Riddett, CPL Resources

NEAREST THE PIN - 6TH Kieran Murphy, PwC

LONGEST DRIVE - 11TH Con O'Donnell, Gas Networks Ireland

Photo L-R: Susie Horgan, President Cork Chamber, Michael Hayes, Denis O’Brien, Davy, Paudie Donegan, Lexus Cork.

LONGEST DRIVE - 17TH Jean-Van Sinderen Law, University College Cork

GOLF CLASSIC SUPPORTERS

Horgan Mediation Solutions

Recent Events Industry Insights: Strategies to Maximise R&D Incentives In association with Repak On the 8th September, over 40 members gathered at Cork Chamber to hear about the new EU packaging rules and Packaging Waste Regulation (PPWR). Zoe Kavanagh, CEO of Repak outlined the key changes, what they could mean for businesses and the practical considerations companies need to be thinking about as the new requirements come into effect. 12th March

Annie FitzGibbon, Cork Chamber

David Donnelly, Ailish Groves, Zoe Kavanagh, Gary Browne, Repak, Annie FitzGibbon, Cork Chamber.

Zoe Kavanagh, Repak.

Networking Lunch on Board the Brittany Ferries Pont Aven In partnership with France Ireland Chamber On the 12th September, set against the beautiful backdrop of Cork Harbour, this event brought together business leaders, diplomats and representatives from across the French-Irish business community to celebrate the strength of our shared relationships and European values. 12th March

Chris Smyth, President France Ireland Chamber of Commerce, EU Comissioner Michael McGrath, Susie Horgan, President Cork Chamber, H.E. Céline Place, Ambassador of France to Ireland.

Elizabeth Murray, James Kelleher, Lindsey Buchet, John Murray, Trident Safety Group.

Susie Horgan, President Cork Chamber.

Key Updates in Employment Law & Compliance: Review of Recent Changes In association with Adare On the 15th September, over 50 members logged on to hear from Katie Ridge, Head of Employer Relations at Adare, as she shared her expertise and practical guidance across topics including pay transparency, gender pay gap reporting, contractual retirement ages, longer working, pregnancy loss in the workplace and recent employment law cases.

28 28

Leaders Lunch with Hilary O’Meara, Country Managing Director, Accenture Ireland In association with Irish Life In September, Hilary O’Meara shared insights on leadership, navigating change and the opportunities presented by AI, including the importance of putting people, skills and reskilling at the heart of that change.

Conor Healy, Cork Chamber, Hilary O’Meara, Accenture Ireland, Damian Fadden, Irish Life, Annie FitzGibbon, Cork Chamber.

Damian Fadden, Irish Life.

Caitriona Sheehan, Accenture Ireland, Dave Connell, Avonmore Electrical Co. Ltd, Jackie Farrell, Corporate Care Relocation.

Eoin Gunn, AIB, Karen O’Regan, Accenture Ireland, Micheál Ó Mulláin, O'Flynn Exhams Solicitors.

Hilary O’Meara, Accenture Ireland.

Aidan O'Shea, Otonomee Customer Management, Joe Sherlock, Laya Healthcare, Seán Murphy, Ronayne Shipping.

Networking at Noon at Cloudera In September, over 70 members gathered at Cloudera’s offices at Penrose Dock for an afternoon of networking, while also getting the opportunity to experience Cloudera’s impressive workspace and enjoy views overlooking Cork’s Victorian Quarter.

Jamie Griffin, Cloudera, Naoimh Frawley, Cork Chamber.

Shane Browne, Radisson Blu Hotel, Cork, John Paul Griffin, Travel Counsellors Ireland.

Speed Networking.

Soapboxes: Alison Desmond, Hibernia Line, Michael Wright, Dovida Ireland.

Kay Looney, Munster Technological University, Rebecca Jennings, Maldron Hotel South Mall, Aoife Lohse, Talbot Hotel Cork, Vitaliy Makhnanov, All About Us Video.

Sibéal Ní Chathasaigh, Lauryn Daly, Career Training Internships, Helen Walshe, Employflex.

UPSKILLING

Training & Development online or in person upskilling

Cork Chamber Skillnet can help you upskill your team with funding supports from Skillnet Ireland. Companies can access up to 25% funding towards their training needs, supporting workforce development across key areas driving regional growth and competitiveness, including: • • •

Digital Transformation AI Enabled Transformation Sustainability Transformation

To learn more, please reach out or visit: W: www.corkchamber.ie/training E: training@corkchamber.ie P: 021 4530141

30 03

MEMBER FOCUS

Elevating Business and Life Through Irish Fine Art – The Gallery Kinsale

Ken Buckley, The Gallery Kinsale

The Gallery Kinsale has long been regarded as a cornerstone of the Munster art scene. Ken can you introduce the gallery and its standing in the region?

The Gallery Kinsale is Munster’s largest purely commercial fine art gallery, established for two decades, on Short Quay in the heart of Kinsale. We specialise exclusively in highquality Irish fine art and represent some of the country’s leading contemporary artists. Our focus has always been on maintaining the highest standards of presentation, curation and client care, which has allowed us to become the leading commercial gallery serving Munster and the wider surrounding region. We are proud to have helped shape the vibrant gallery cluster that now defines Kinsale as a destination for serious art collectors and discerning businesses. What distinguishes the quality of the work you show?

Every piece that enters the gallery is selected to the same exacting standard. We work only with established Irish artists whose work demonstrates genuine technical excellence, originality and lasting value. Artists such as Peter Dee, Philip Gray, Róisín O’Farrell and Vincent Devine are among those whose work we are privileged to represent. The result is a consistently high-calibre collection that appeals equally to private collectors seeking investment-quality pieces and to corporate clients who understand that the art on their walls makes a statement about their organisation. How extensive is the stock available to clients?

We maintain one of the largest and most varied inventories of contemporary Irish fine art in the region. Clients will find a wide range of media, scales and price points - from intimate works suitable for private residences to substantial pieces ideal for corporate reception areas, boardrooms and large commercial spaces. Because we operate as a fully commercial gallery rather than a not-for-profit or cooperative model, we are able to hold significant depth of stock and refresh it regularly, ensuring there is always something new and compelling to discover. You serve both private clients and the corporate sector. How do you approach each?

Private clients value our personal, unhurried service and the opportunity to live with a work before committing. Corporate clients, meanwhile, often seek art that communicates professionalism, confidence and cultural awareness. In both

cases the principle is the same: the customer comes first. We are not satisfied merely to represent the finest Irish artists; we aim to deliver the absolute best in customer service, tailored to the specific needs of each client. For businesses specifically, what are the practical and aesthetic advantages of placing fine art in the workplace?

Artwork in a company building says more about an organisation than mass-produced prints ever can. It signals taste, success and a commitment to quality. The right pieces create a positive first impression for clients and a more inspiring environment for staff. Many business owners are surprised at how competitive the pricing of original Irish fine art can be, particularly for larger-scale works. Beyond aesthetics, acquiring art through a business can also carry tax and investment benefits. We are happy to discuss the available options and, where appropriate, provide guidance on the most suitable route for purchase and longer-term investment. What specialist services do you offer that support both private and corporate clients?

Several services set us apart. Our Gallery-to-Home Service allows clients who to have works hang in their home or office for a full week of consideration at their leisure. Our Interior Art Design Service helps clients select, with confidence, the most appropriate piece for the intended surroundings. We offer gift vouchers that make a thoughtful and lasting present, backed by expert consultation from our staff. We deliver throughout Ireland and ship worldwide. For corporate clients we provide commercial solutions that range from single statement pieces to coordinated collections across multiple spaces, always with the option of tax-related advice. Finally, what message would you like to leave Chamber members?

Whether you are furnishing a private home, enhancing a corporate headquarters or simply exploring the possibility of adding original Irish art to your environment, we invite you to experience the difference that a specialist commercial gallery can make. High standards, exceptional service and a carefully curated selection of quality Irish fine art are available here. If there is something particular you would like us to do, you only have to ask. We look forward to welcoming you to The Gallery Kinsale. Visit TheGalleryKinsale.com

MEMBERS

New members corner We welcome the following new members

Advertising/Marketing/Market Research Lemon7 Studios LTD W: https://lemon7.ie Lemon7 is a creative performance marketing agency in Cork. We run paid media, social, and content for ambitious brands, and we produce the work in our own video and podcast studio. Accountants/Auditors Corporate Finance Associates W: http://Www.cfaw.com Advisors to Companies who are contemplating or are about to undertake M&A or a sale of their Business. Seán Daly Chartered Accountants W: http://www.sdca.ie Independent, PwC-trained Chartered Accountant specialising in cloud bookkeeping, VAT, payroll, annual accounts and tax returns. Using Xero and digital workflows, providing efficient, responsive and practical support to SMEs and sole traders. Audio/Media/Publishing/Video Production dmg media W: http://www.dmgmedia.ie dmg media Ireland is home to some of Ireland’s most popular media brands - EVOKE, Rollercoaster.ie, One Fab Day.com, Irish Daily Mail and The Irish Mail On Sunday, Extra.ie, ExtraG.ie, Business Plus and BusinessPlus.ie Building Contractors/Providers KCC Group W: http://www.thekccgroup.com KCC Group provides complete building solutions across four specialist divisions: Automatics & Access Control, Facades, Partitions & Doors, Door Hardware and Service & Maintenance. Charities Abode Doorway to Life CLG W: http://www.doorwaytolife.com Abode supports people with a physical and sensory disability to live the life of their choosing.

Chemical/Pharmaceutical Evumed Limited W: http://www.evumed.com Evumed Limited is a forward-thinking generic and biopharmaceutical company committed to advancing healthcare. Contracting Cleaning/Supplies Sage Cleaning Services W: http://www.sagecleaningservices.ie Sage Cleaning Services is a premium, professional cleaning company based in Cork. We provide high-quality cleaning solutions to residential and commercial clients across Cork city and county. Education/Training/Languages Anne Fogarty W: https://www.linkedin.com/in/annefogarty-68a2a317/ Highly engaging leadership development and team building consultancy focused on resilience, sustainable behaviour change, practical learning experiences, and delivering measurable business results. Cork Study Connect Limited W: https://www.corkstudyconnect.ie/ Global education consultancy supporting international students in Ireland through educational partnerships, cultural exchange programmes and ongoing student support services. Simon C Method Ltd W: https://www.simoncmethod.com Speak with confidence. Move with purpose. CPD-accredited training in public speaking, non-verbal skills, and stress management for businesses. The Institute of Applied AI W: http://www.theinstituteofappliedai.com We help leaders and organisations adopt Generative AI in a structured, responsible way through education, applied capability building and governance alignment.

Engineering CES Caltech Electrical Supplies Limited W: http://www.caltech.ie Caltech provide a specialised electrical engineering service. Caltech’s main objective is to provide the customer with: Quality Service, Quality Products, Technical Expertise. Douglas Controls and Automation W: https://www.douglas-esl.ie/ Douglas Control & Automation provides automation, engineering, and technical secondment support to Ireland’s manufacturing sector, specialising in pharma, food, life sciences, and industrial projects. SOCraigh.ie W: http://www.socraigh.ie AI governance and risk consultancy helping SMEs navigate EU AI Act compliance through governance frameworks, risk assessments and bespoke AI training. Based in Cork. Event Management Taurus Productions W: http://taurusproductions.ie Taurus Productions delivers professional audiovisual, lighting, staging and technical event production services, creating seamless innovative live experiences for corporate conference and special event management. Financial Services/Pensions/Investment Qashio W: https://www.qashio.com/ Qashio is a fintech platform offering smart corporate cards and automated spend management software to provide real-time visibility, proactive control, and seamless accounting integrations. Food/Drink Bubble Brothers W: https://bubblebrothers.ie We bring great wines to Cork so that you can uncork great wines.

Healthcare Provider Tús Nua Therapy Center and Mobile Services Limited W: http://www.tusnuatherapy.com With over 30 years of experience, we proudly serve clients of all ages. From young children to older adults, providing exceptional care in our dedicated clinic in Cork or on our fully equipped mobile OT. Health & Wellness & Fitness Jen Martin Psychology W: http://www.jenmartinpsychology.com Psychological consultancy, workshops/talks & coaching. Helping individuals, leaders and organisations harness vulnerability: driver of leadership, wellbeing/mental health and DEI, improving relations. The Hive W: http://www.hivelife.ie The Hive is Cork city’s first padel club - 5 covered courts for a new sport for every age.

Logistics Manna Air Delivery W: https://www.manna.aero/ Manna is revolutionising suburban delivery with autonomous electric drones, delivering food, groceries, and essentials in minutes. Faster, cleaner, and built for the future of local communities. Management Consultants Hough Supply Chain Consulting Limited W: http://www.houghsupplychain.com Hough Supply Chain Consulting is a specialist firm helping FMCG companies build supply chains that are profitable, resilient, scalable, and ready for the future. Opedium Advisory W: https://opedium.com/ Independent insight for complex decisions and uncertain environments.

Online Shopping/Retail Silk Road Studio IT Services W: http://www.silkroadstudio.ie Alpha IT Solutions Silk Road Studio curates handmade rugs W: https://alphait.ie/ sourced directly from manufacturing Providing proactive IT support, cybersecurity, partners in Pakistan, offering Persian and cloud, Microsoft 365, backup, VoIP and Central Asian inspired carpets for homes, consultancy services to medical practices and designers and boutique interiors. businesses across Cork since 2011. Removal/Storage JP Morgan Workplace Solutions U Store It W: https://www. W: https://ustoreit.ie/ jpmorganworkplacesolutions.com/ie/ U Store It simplifies the storage process for Workplace Solutions is a tech and servicehomes and businesses by offering flexible, based offering, created to empower your secure, and affordable storage solutions for teams to easily navigate their workplace home furniture, stock, documents and more. incentives with confidence. Our intuitive solutions help you attract and keep the Security Services talented people who believe in your Bear and Mind company as much as you believe in them. W: http://www.bearandme.ie Smart access solutions provider helping Insurance/Financial Services homes and businesses replace traditional Cuffe & Company Insurance Ltd keys with secure, flexible, and easy-toW: http://www.cuffeco.ie manage entry systems. Cork-based insurance brokerage providing tailored personal, business and financial Services protection advice. We help clients manage Sales Edge Training risk through expert guidance, competitive W: http://www.salesedgetraining.com insurers and personal service. Sales Edge Training provides practical sales training, sales management development, Agria Petinsure and communication coaching, helping teams W: http://www.agria.ie improve performance, handle objections, Agria Ireland love pets as much as you do, and consistently win more business. offering lifetime dog, cat & horse insurance to keep every beloved family member protected and cared for.

Services OnBrand Emails W: http://onbrandemails.com An Email marketing Agency for E-commerce brands, turning one-time buyers into lifelong customers. PRIJYM W: http://www.prijym.ie PRIJYM is dedicated to streamline laboratory workflow and increase right-first-time results. OKAS Consulting Ltd W: https://www.linkedin.com/in/ garrettokeeffe/ Leadership Coaching and Training, combining real leadership experience and coaching experience. Utilities/Energy, Services, Sustainability Bright Future Solar Ltd W: http://www.brightfuture.ie Family founded solar installation company delivering reliable, high-quality solar equipment and workmanship. We prioritise sustainable energy, expert service, transparent communication, and customer satisfaction. EPH Controls Ltd W: http://www.ephcontrols.com A leading provider of heating control solutions. Our innovative products include Smart Thermostats, controllers and motorised valves, we help businesses and homeowners reduce energy consumption and costs while improving comfort and control. Wholesalers Paardekooper Limited W: http://www.paardekooper.ie We are a Cork based packaging company, 160 years old that specialises in sustainable packaging for Retail, Pharma and Foodservice. We cover the whole island of Ireland.

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MEMBERS NEWS

Perigus Energy’s first Irish solar farm now fully operational Cork headquartered Perigus Energy has announced its first Irish solar farm in Garreenleen, County Carlow is completed and fully operational to generate renewable electricity for the Irish grid. The 81 MW solar farm, located approximately 15km outside of Carlow town, will produce enough green electricity to power the equivalent of 29,000 Irish homes. TJ Hunter, (pictured), Managing Director, Ireland and the UK at Perigus Energy said: “It is great to see Garreenleen fully operational. Only 2 years after starting construction, this former greenfield site is now exporting green, secure and homegrown electricity to the Irish grid. It is a strong example of the speed of delivery of onshore renewables and what can be achieved as we continue to build out Ireland’s renewable energy infrastructure.”

Osborne Expands into UK with new office in Manchester Osborne, one of Ireland’s leading recruitment and talent solutions providers, announced its official launch in the United Kingdom with the opening of its first UK office in Manchester, marking a major milestone in the company’s international growth strategy and reinforcing its long-term commitment to the UK market. The announcement follows a recent Enterprise Ireland-led trade mission to Manchester, highlighting the growing importance of the UK market for Irish businesses. The occasion marked a significant milestone in Osborne’s international expansion journey and underscored the company’s commitment to supporting businesses and talent across the United Kingdom. According to Enterprise Ireland’s latest UK Market Sentiment Survey, the North of England now accounts for 20% of Irish companies’ UK footprint, making it the second-largest UK region for Irish business activity after London. Osborne’s expansion reflects this growing momentum. The company plans to create 10 new jobs in 2026, with significant further job creation and growth anticipated as the business expands its UK presence.

Osborne officially opened its Manchester office with a ribbon-cutting ceremony attended by Cillian O’Kelly, Consul General of Ireland to Manchester; Jenny Melia, CEO of Enterprise Ireland; Minister Niamh Smyth TD; Councillor Bev Craig, Leader of Manchester City Council; Shóna McManus, Group CEO & Owner of Osborne and Ben Toynton, Recruitment & Business Manager, Osborne Manchester.

SE Systems to create 150 jobs nationwide over the next two years SE Systems offically opened 15,000 sq ft its new office building in Dublin Hill, Cork and is to create 150 jobs over the next two years as it looks to double turnover to €100m by 2030. The expansion comes as the company says demand for solar and energy retrofit schemes continues to soar. The announcement was made by EU Commissioner Michael McGrath, who officially opened SE Systems’ new office HQ, an A-rated 15,000 sq ft building, in Dublin Hill in Cork city. The €3m investment in the office forms part of SE Systems’ national growth strategy, which includes the planned expansion of the company’s Dublin office and the development of strategic partnerships across Ireland to capitalise on demand for energy efficiency, decarbonisation, and energy management services. They also plan to expand regional hubs across Clare, Donegal, and Louth. EU Commissioner Michael McGrath, pictured being welcomed by Youenn Lowry, Managing Director, SE Systems; John O’Leary, CEO, SE Systems, and William Walsh, (left), CEO, SEAI, at the opening of SE Systems’ new office in Cork. Photo: OSM PHOTO

STILL MAKING A DIFFERENCE

Quarterly Economic Trends The quarterly Economic Trends report captures a snapshot of experiences and of the overall operating landscape for businesses across the Cork region. The report is based on member survey and the results inform our agenda and advocacy activity.

Rising business costs pose the top reason for a lack of conﬁdence in the economy cited by 21% of business respondents, followed closely by housing supply (20%) and inﬂationary pressures (13%).

Economic Trends QUARTER 4 2023

Pat Drinan, Homehak Cost inflation is a big issue. It is getting more expensive to employ staff and this is likely to continue with changes to sick pay and pension auto enrolment in 2024. John Tuite, TLI Group

BUSINESS CONFIDENCE

Businesses are grappling with pervasive skills gaps evident across various sectors and professions. Particularly noteworthy are the acute skills gaps prevalent in science, engineering, and technology professions. Beyond these sectors, the survey results highlighted significant skills deficits in finance, marketing, sales, and customer service.

PROBABILITY OF CONTINUED SKILLS SHORTAGES 5%

Very likely Likely

1. Upskilling/reskilling 3. Digitalisation/automation 4. Partnering with further and higher education institution

21%

Unlikely

43%

Upskilling and reskilling initiatives were identiﬁed as the most prominent action businesses are taking to combat skills shortages, followed by remote/hybrid working strategies and digitalisation/ automation efforts. Businesses also reported undertaking collaborative approaches to talent attraction by partnering with further and higher education institutions. While others are reevaluating their current skills strategies. Where specialist skills gaps exist locally businesses report that they are recruiting from elsewhere mainly the EU, the UK and USA.

When asked how likely skills shortages are to continue over the next 12 months, a notable 64% express concern, with 21% deeming shortages very likely and 43% likely. 31% consider shortages unlikely, while a mere 5% are highly optimistic.

ANTICIPATED SKILLS SHORTAGES BY POSITION

CONFIDENCE IN THE IRISH ECONOMY VERY CONFIDENT 5% CONFIDENT 75%

Junior/executive level

Senior/director level

From an overall financial perspective, respondents’ confidence in their business has remained high quarter on quarter throughout 2023 and Q4 was no different for the business community with 95% citing confidence.

67%

TURNOVER AND NET PROFIT Q4 2023 Increased Stayed the same Decreased

56%

2. Cost of energy and raw materials/availability of housing/rental accommodation for employees (joint 2nd) 3. Changing consumer spending/reduced orders The Q4 survey has once again identiﬁed skills availability as the foremost threat to business growth. In a shared second position is the ongoing concern surrounding the cost of energy and raw materials and the availability of housing and rental accommodation for employees, followed by changing consumer spending patterns.

EMPLOYMENT OUTLOOK

32%

38%

INCREASED 41%

43%

12%

19%

% TURNOVER

% NET PROFIT

Heading into Q1 2024 the sentiment is positive and 57% of respondents expect an increase in turnover, 34% expect no change and 9% anticipate a decrease. Net proﬁts are expected to rise in Q1 with 51% anticipating an increase, 37% no change and 12% expect a decrease.

RESPONDING BUSINESSES Sole Trader

16%

Micro Enterprise (2–10)

CHANGE TO EMPLOYEE NUMBERS OVER Q4 2023

11–50

51–100

101–200

10% 33%

26%

201 +

STAY THE SAME 50% DECREASED 9%

In Q4, 41% of business respondents had vacancies advertised and 39% reported difficulties in filling them (i.e. remaining unfilled for more than 3 months since initial advertisement).

NOT CONFIDENT 20%

Despite this challenging labour market, 47% of respondents plan to increase employee numbers over the next 12 months and only 1% expect them to decrease.

Despite international instability which has impacted supply chains, market dynamics and overall economic conditions, it is noteworthy that conﬁdence in the Irish economy has exhibited resilience throughout the fourth quarter,.

Specialist skills shortages have consistently remained the foremost obstacle in ﬁlling vacancies and continue to pose challenges to 67% of respondents. The availability of housing has been highlighted as the second most prominent challenge to ﬁlling vacancies (19%) followed by wage demands (11%).

38% 57%

19%

Other

2. Remote/hybrid working

5. Developing new skills strategies

31%

Very unlikely

TOP BUSINESS ACTIONS TO COMBAT SHORTAGES

11%

Housing

NOT CONFIDENT 5%

TOP THREATS TO BUSINESS GROWTH

BUSINESS SKILLS NEEDS AND GAPS

TOP BARRIERS TO FILLING VACANCIES

Specialist skills shortage

Wage demands

CONFIDENT 95%

1. Skills availability

Mid/management level

View the latest Economic Trends on https://www.corkchamber.ie/quarterly-economic-trends/

There is enormous potential to use existing housing stock to alleviate accommodation shortages as well as to boost the income levels of Cork citizens.

The responding businesses represent a broad range of sectors: Life Sciences & Manufacturing (13%), Agriculture, Food & Drinks (2%), ICT & Digital Economy (9%), Tourism, Hospitality, Retail & Leisure (16%), Culture, Arts, Community & Media (2%), Built Environment (10%) Education & Training (1%), Services (including Financial) (35%), Transport, Energy & Maritime (10%), Health (2%). We thank members for your valued insights and engagement with this survey. Your participation is vital. All previous quarterly economic surveys can be found on www.corkchamber.ie.

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MEMBERS NEWS

Rory’s Miles to Mayo

Olympic medallist Sonia O’Sullivan, Cork hurling legend Seán Óg Ó hAilpín and Cork Constitution captain David Hyland joined Ireland and Ulster rugby legend Rory Best at a special breakfast event at Cork Constitution Football Club to mark the Cork leg of the Rory’s Miles to Mayo - the Trilogy fundraising challenge for Cancer Fund for Children. Cancer Fund for Children is an all-island charity that provides emotional, social and therapeutic support to children, young people and families impacted by cancer. The breakfast hosted by Rory’s Miles to Mayo headline sponsor Arachas Corporate Brokers - saw Rory Best, Sonia O’Sullivan, Seán Óg Ó hAilpín and David Hyland take part in a panel discussion moderated by sports broadcaster Marie Crowe.

Conor Healy, CEO Cork Chamber, Peter o’Brien, Chair Cancer fund for Children,Suzanne Wylie, Northern Ireland Chamber, Brian Fitzgerald and Phil Alexander, CEO Cancer Fund for Children. Photo: Darragh Kane

Vodafone marks 25 years and new headquarters

Tánaiste and Minister for Finance Simon Harris T.D. officially opened Vodafone Ireland’s new offices at 70 St Stephen’s Green, as Vodafone Ireland announced a further €360 million investment, reinforcing its long-term commitment to Ireland. More than 850 employees will be based in the new office, with over 2,000 people working with Vodafone Ireland nationwide across its headquarters and retail stores. Designed with sustainability in mind, the new HQ features a green roof, rainwater harvesting and on site solar technology, supporting Vodafone Ireland’s ambition to reach net zero by 2028.

Tánaiste and Minister for Finance Simon Harris T.D. cutting the ribbon with (at left) Vodafone Ireland CEO, Sabrina Casalta and colleagues.

Investwise celebrates 20 years in business

Investwise is proudly celebrating its 20th anniversary this month, marking two decades of advising clients across Ireland, alongside a highly successful five years operating in Cork. As a fee-based financial adviser, Investwise offers an unbiased approach to financial strategy, focusing on helping Irish business owners build clear plans. Driven by an ethos to help clients make peace with their money and live their best lives, the firm values long-term personal relationships and now manages over €330m in assets under management. To coincide with this 20-year milestone, Investwise has launched a new brand and website (www.investwise.ie) that reflects this dedicated client focus. The firm looks forward to many more years of working closely with Cork Chamber and supporting great businesses and owners across Munster.

Rubicon Centre marks 20 years of supporting entrepreneurs The centre aims to encourage and support entrepreneurs, high-potential start-ups and the scaling of businesses via incubation programmes, mentorship, investment and industry connections. Over two decades of operations, Irish innovation hub the Rubicon Centre has enabled and supported more than 500 start-ups, with its clients raising more than €160m in public and private equity, according to the centre. Commenting on the 20-year milestone, Paul Healy, the manager of the Rubicon Centre at MTU, said, “Over the past 20 years, the Rubicon has become an important part of the entrepreneurship and business ecosystem in Cork and the wider region, supporting people from the earliest stages of developing an idea through to established businesses looking to grow and scale.” President of Cork Chamber Susie Horgan and Gerard O’Donovan, Vice Dean of Business, MTU Business Academy and MTU Foundation at the 20th anniversary of the Rubicon Centre event in the MTU Arena, Cork. Photo: Darragh Kane

RECENT APPOINTMENTS

Insight Private Clients appoint Brian Delaney

Perigus Energy bolsters European leadership team

Insight Private Clients has appointed Brian Delaney as Chief Investment Strategist, strengthening the firm’s investment governance, research capability and long term portfolio oversight for private, corporate and institutional clients. Delaney is a seasoned investment professional with over 25 years of experience advising institutional and private clients across global markets. His career, as a senior investment analyst, spans a diverse range of investment houses including Aon in Ireland where he spent more than 17 years providing strategic oversight of €2.5 billion in active multi-asset solutions for Irish and UK clients. Delaney has partnered with Insight Private Clients since 2020. He will now play a central role in fund selection and investment manager oversight. His appointment formalises and expands this leadership role at a time when clients are seeking deeper insight, stronger governance and more disciplined long term investment thinking.

Perigus Energy (formerly Ørsted onshore Europe) has announced Tom O’Brien as its new independent chair and non-executive director following appointment by its board of directors. A veteran of the renewables sector, Tom O’Brien retired as Managing Partner of Brookfield Asset Management at the end of March 2025 where he was responsible for developing and leading the European renewable business as CEO. Since retirement, Tom has continued to contribute as a senior adviser and consultant, providing strategic guidance, governance oversight, and specialist expertise to organisations across the sector. To further strengthen the strategic management team, Perigus Energy also confirms the promotion of Eamonn Boland into a newly created role of Chief Commercial Officer, while Declan McCarthy has joined the company as Chief Financial Officer. Both appointments will be based in Perigus Energy’s Cork headquarters.

New Client Director, Aimée Millar and new Client Manager Art O’Mahony

Alpha Automation appoint William Fitzgerald

Springboard expands public affairs practice

Alpha Automation is delighted to announce the appointment of William Fitzgerald as Managing Director, marking an important milestone in the company’s continued growth. With 30 years of experience in the automation industry and a passion for building strong client partnerships and high-performing engineering teams, William has played a key role in delivering innovative solutions for clients in highly regulated sectors. His vision is to establish Alpha Automation as a trusted one-stop partner for process automation and machine safety solutions across Ireland. Having been instrumental in the company’s success to date, William will lead Alpha Automation through its next phase of expansion, building on strong customer relationships and a commitment to technical excellence. Under his leadership, Alpha Automation recently launched a dedicated Machine Safety Division and opened a new Dublin office, strengthening the company’s ability to support customers nationwide.

Springboard Communications, the award-winning independent Irish communications agency, has expanded its public affairs practice with the appointment of Aimée Millar as Client Director and Art O’Mahony as Client Manager. Aimée, a former Special Adviser in the Department of An Taoiseach and Senior Legislative Affairs Advisor, will lead the practice from the agency’s Dublin office. The appointments follow a period of sustained client growth. Springboard Communications also won PRCA Agency of the Year for the third time in 2026. The expanded practice brings together political and policy monitoring, government affairs, advocacy, strategic counsel, coalition building and critical response. It operates across Springboard’s Dublin and Cork offices, along with its presence in Limerick, giving clients one truly national team that works the full chain of decision-making, from local authorities and regional bodies through to Government departments and the Oireachtas.

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Behind 25 years of connections worth sharing

Aisling Walsh Marketing Director Butlers Chocolates