Has the Irish building sector got themselves hooked on Government subsidies?

On this week’s episode of Inside Business host Ciarán Hancock has Irish Times new recruit Killian Woods in studio to discuss a Government scheme to support the building of apartments in our cities, which looks set to miss a key target. Croi Conaithe cities is a Government support scheme to help plug the affordability gap to support apartment building, which is a key plank in the State’s plan to solve the housing crisis. Earlier this week, Killian wrote a story in The Irish Times stating that the scheme was in danger of missing its key target of building 5,000 new apartments over the lifetime of the scheme. What will happen when the scheme’s €450 million budget is spent? And has the building sector here come to rely too much on State subsidies? In the second half of the programme, Eoghan O’Mara Walsh, the CEO of the Irish Tourism Industry Confederation explains why the country is in danger of not having enough bedrooms to accommodate tourists.  This is despite the Government’s aim to increase Ireland’s tourism revenue by 50% by 2031. Produced by John Casey with JJ Vernon on sound.   * * * Hosted on Acast. See acast.com/privacy for more information.