1. Marine and Ocean Potential
Peter Heffernan
Marine and Ocean Potential
NATURAL & MARINE REGION

2. (A Northern & Western Regional Context)
One Region One Vision
(A Northern & Western Regional Context)
Peter Heffernan
December 8th 2016
Acknowledgements
Thanks to organisers

4. What we are seeing now in Ireland is a real renaissance of Ireland’s blue economy, a rediscovery and new appreciation of our ocean wealth and its social, economic and societal value, and a series of actions around this that is shaping the future of our nation.
It is a period of time that is being characterised by new ways, new approaches new thinking and a real thirst and drive to achieve more from our ocean wealth.
We are now operating in an era where the technological expertise exists to enable us to explore our marine in previously unimaginable ways.
Taking our seabed area into account, Ireland is one of the largest EU states; with sovereign or exclusive rights over one of the largest sea to land ratios (10:1) of any EU State.
220,000,000 acres of ocean area, 880,000,000 km2. strategically situated on the western edge of Europe at the European Atlantic Seaboard.
Our coastline of 7,500km is longer than that of many European countries. Yet we see the land as the primary provider of our food and fuel, and often overlook our ocean wealth.
What do we mean by Our Ocean Wealth?
Ireland’s coastline, inshore and offshore waters:
Contain some of the largest and most valuable sea fisheries resources in Europe
Are an idea location for finfish, shellfish and seaweed aquaculture
Are the western gateway for shipping to Europe’s busiest ports
Contain significant oil and gas resource potential as evidenced by recent discoveries and ongoing research
Offer spectacular tourism and leisure opportunities and a rich maritime culture and heritage
Support a rich and diverse range of ecosystems, habitats and species and unique land and seascapes; and
Are amongst the richest and most accessible renewable energy (wind, wave and tidal) resources in the world;
Provide opportunities to develop new products and services
Contribute to our citizen’s wellbeing, health and quality of life
Ireland’s Ocean Wealth also includes:
Irish flagged ships, including fishing vessels, trading globally;
Irish qualified seafarers, fishers and recreational creaft users working globally; and
Irish maritime companies and organisations providing global products and services

7. Teelin Knoll, Carrigan Hd., Donegal Bay

8. HMS Vanguard

9. Renaissance in Irish Marine Industry
Metaphor for growth
Emergence form the dark ages
Desire and need for progress
Political support and patronage
Advances in science
Exceptional, talented people
An alignment of the stars

10. Whole of Government Approach

11. Provision in this policy document made ocean wealth a central part of our economic recovery and a basis of our sustainable future growth using this marine resource.
It focused on 3 goals
Build the marine economy from 2 billion today to greater than 6 billion by 2020.
It’s second goal is to develop a healthy ecosystem that would conserve our biodiversity and ecosystems, protect our environment,
and allow development to be in harmony with the protection of the ecosystem.
The third goal is to refocus our economy on the sea, to build on our maritime heritage, increase societies awareness of the opportunities
and value that exist with marine and ensure that all engaged positively in its development.
Harnessing Our Ocean Wealth – an IMP for Ireland sets out a shared vision ->
Our ocean wealth will be a ley element for our economic recovery and sustainable growth, generating benefits for all our citizens, supported by coherent policy,
Planning and regulation, and managed in an integrated manner.
Three high level goals, of equal importance, based on the concept of sustainable development have been developed –>
Goal 1 focuses on a thriving maritime economy, whereby Ireland harnesses the market opportunities to achieve economic recovery and
Socially inclusive, sustainable growth.
Goal 2 sets out to achieve healthy ecosystems that provide monetary and non-monetary goods and services (e.g. food, climate, health, and well-being).
Goal 3 aims to increase our engagement with the sea. Building on our rich maritime heritage, the goal is to strengthen our maritime identity and increase our awareness of the value (market and non market) opportunities and social benefits of engaging with the sea.
The vision and goals have been framed within the context of what is happening at the broader global EU levels, particularly the Integrated Maritime Policy
For the European union, recognising the contribution the “blue economy” can make to global economic growth and the need for appropriate policies, strategies
And funding mechanisms to enable this.
Harnessing our Ocean 2020 targets:
Double the values of our ocean wealth to 2.4% of GDP by 2030
Increase the turnover from our ocean economy to exceed 6.4 billion by 2020.

12. Sectors of Marine Industry
Diversity and opportunity across 13 different sectors
Established Marine Sectors
Emerging Marine Sectors
Shipping & Transport
Tourism & Leisure
International cruise tourism
Marine retail services
Marine fisheries
Marine aquaculture
Seafood processing
Oil & Gas
Manufacturing & construction
High tech marine products & services
Maritime commerce
Renewable energy
Bio-technology and bio-products
(Source: SEMRU – Ocean Economy Report )

13. Key economic trends
Ireland’s ocean economy is performing on average better than the general economy.
Growth in Irish GDP = up to 5% (2010 to 2014)
Growth in Ireland’s ocean economy = up to 9% (2010 to 2014)
Over the period the sector experienced:
an increase of 33% in turnover;
9.2% increase in GVA; and
5% increase in employment
Multiplier effects:
For every €100 turnover from Ireland’s Ocean Economy, a further €78 is created in other sectors as a knock-on effect
For every 100 marine jobs, a further 75 jobs are created indirectly in other parts of the economy

14. Structure of MDT Note: List not exhaustive MDT IDA EI SFI ÚnG MI IMDO
SEAI FI
GSI
BIM
Bord Bia
Relationship with agencies
Note: List not exhaustive

15. Operation of MDT P3 P2 Jobs and economic growth P1 P4 ACTIVITIES
Business development pipeline
ACTIVITIES
Enquiries,
Surfacing,
Scanning,
Vetting
Marketing,
Researching,
Assisting
Evaluating,
Funding
Developing
Maturing,
Implementing
LEAD
MDT
AGENCIES
SUPPORT
MDT moves projects through project pipeline P3 P2 P4 P1
Jobs and economic growth

16. Development Agencies & Organisations
Widespread support

17. Other supports
Participants in the work of the Development Task Force

18. Support Within the Education System
Across the education system

19. Ireland’s Reach Across the World
Importance of collaboration

20. Unprecedented Opportunities in Irish Maritime Industry
Recognised in the Government’s Harnessing Our Ocean Wealth Strategy
Renew
Underperformance
Only 0.8% of Ireland’s GDP comes from maritime activities compared to 2.4% internationally and up to 9% in high-performing maritime economies
Having spoken about what we do, now let’s talk about the exciting things that we will be doing in the future
The maritime industry is a broad church that encompasses shipping, fishing, seafood, aquaculture, renewable energy, oil & gas, ship repair and maintenance, marine tourism, ports, and of course maritime commerce.

21. OECD (2016)- The Ocean Economy Report 2030
Globel ocean value – USD 1.5 trillion = 2.5% GVA
Offshore Oil & Gas = 1/3 of total value
Followed by Maritime tourism and equipment and ports
Direct FTE Employment 31 million
Largest employers = fisheries (1/3 ) and tourism ¼
Scenarios 2030
Business as usual
More than double ie USD 3 trillion – growth in aquaculture, offshore wind, processing, and shipbuilding and repair
40 million FTEs – fastest growing offshore wind, aquaculture, processing and port
Innovation and S&T key role to play in the future

22. OECD (2016)- The Ocean Economy Report 2030
Challenges:
In rapid changing pace – regulation and governance will struggle
Growing pressures on the resource and ocean space
Recommendations:
Greater international cooperation in S&T – stimulate innovation
Strengthen integrated ocean management
Improve economic statistics
Increased Ocean Industry Foresight

23. Joined-up thinking Industry Engagement Opportunity
Building blocks of success
Political
Support
Economic Analysis
Policy Framework
Competitive Advantages
Tax
Treatment
Research and Education
Collaboration
Industry
Engagement
Opportunity
Political support – a desire to grow the Irish Economy
Economic Analysis – SEMRU – Ireland’s Ocean Economy Reports
Policy – Integrated plan contained in the Harnessing Our Ocean Wealth Report
Advantages – Our plans are not built on naïve ambition, but on real competitive advantages
Tax – The Government has expressed a willingness to support the development of the sector with appropriate tax measures and has left the door open for industry to make its case
Research and development – 3rd level, research bodies, SEMRU, Marine Institute etc.
Collaboration – MCG / Development Task Force / the Marine Development Team
Combining to deliver the much vaunted joined-up thinking that many such plans are criticised for overlooking
This approach creates a great opportunity for Ireland

24. Real Competitive Advantages
What makes Ireland better as a hub for maritime commerce
Renew
Business Friendly
Maritime Nation
Ireland’s advantages as a hub for FDI are well understood and apply to the maritime industry in the same way as they apply to other sectors
Ireland is a maritime nation, with an amazing natural resource, on which we are heavily dependent. It makes sense to build competencies in this sector
Demographics
Track Record
Young, talented, motivated, and well-educated workforce
Ireland has a track record in related areas (IFSC and aviation leasing, on which we can build.

26. More than 60,000 visitors

27. Thank You Peter Heffernan December 8th 2016 Acknowledgements
Thanks to organisers

28. Trends in Ireland’s Ocean Economy 2007-2014
HOOW Baseline €3.4bn

29. Trends in Ireland’s Ocean Economy
ESTIMATED
2012
2010
0.8%
0.7%
0.7%
Employment
18,480 FTEs
%GDP
0.7%
Employment
17,425 FTEs
%GDP
0.7%
Employment
16,614 FTEs
%GDP
0.7%
€4.5b
€3.1b
€4.2b
Turnover
€3.1bn
GVA
€1.2bn
Turnover
€4.2bn
GVA
€1.3bn
Turnover
€4.5bn
GVA
€1.4bn
%CHANGES :
%CHANGES :
+4.9%
+9.2%
+33.1%
+6.1%
+8.2%
+7.6%
Performing on average better than the general economy

30. Ireland’s Ocean Economy
Employment
18,480 FTEs
%GDP
0.7%
0.8%
Turnover
€4.5bn
€4.5b
GVA
€1.4bn
16%
48%
21%
15%