Shannon agency aims to break even by 2013

Shannon Development’s cash loss fell significantly last year and the agency is aiming for a break-even position in 2013.

According to chief executive Vincent Cunnane, the financial performance of the agency is going in the right direction and it has nothing to fear from two ongoing government departmental reviews of its activities.

Dr Cunnane confirmed that the Department of Jobs, Enterprise and Innovation is carrying out an internal review into the agency’s industry promotion function, with the agency’s tourism promotion role subject to an independent review by consultants following a decision by Tourism Minister Leo Varadkar.