Financial services company announced for Cillín Liath, Co. Kerry.

26 June, 2006

min read

The Minister for Arts, Sport and Tourism, John O’Donoghue T.D. today announced creation of 18 jobs in a new financial support services centre to be established in Ionad na Dromada in Cillín Liath, Máistir Gaoithe by The Credit Data Corporation (Europe) Ltd.

The Credit Data Corporation (Europe) Ltd has developed a unique Internet based solution to the problem of slow payment of commercial debts. A European Commission Directive on combating late payment in commercial transactions inspired the idea for the project. The European Commission estimate that in Europe alone, 450,000 jobs are lost each year through late payment and 1 in 4 business failures are a direct result of late payment. The Credit Data Corporation (Europe) Ltd operates a unique on-line credit data service supplying details of overdue accounts and slow paying businesses through it’s website.

Recruitment of new staff will begin immediately. Minister O’Donoghue said “the project and the high-quality employment opportunity that it will create is vitally important to the area and will assist in developing and sustaining the local community into the future.”

Over half a million Euro has been invested in project, including employment and training grants provided by Údarás na Gaeltachta. “We are very pleased to be able to facilitate and support the establishment of this project”, said Éamonn Ó Neachtain, Regional Manager, Údarás na Gaeltachta. This development represents a good example of the implementation of An tÚdarás’ policy of attracting mobile investment into rural areas which can provide suitable business accommodation, a skilled workforce, and appropriate telecommunication services”. He also commended Forbairt na Dromada Teo, a community based group who work in partnership with An tÚdarás, for their initiative in developing Ionad na Dromada enterprise centre and providing relevant IT training programmes.

Mr Ken Wainwright, Managing Director, said, “Kerry is a great place and by creating these much needed jobs here I’m really glad to be able to give something back to the County that’s given so much to me,” said