Sean Melly warns of economic consequences of government void

Press release 8.3.16

Sean Melly, entrepreneur and Seanad candidate, has warned TD’s to quickly decide who is in charge of running the country. The consequences of delaying active management of the Irish economy could have significant adverse consequences for Ireland at a crucial time in our economic recovery, he said.

“It is difficult to believe that it could be weeks or even months before we have a new government in Ireland,” said Mr. Melly.  “I’m already hearing of international investment opportunities that are on hold or deferred until the government is formed.”

“International economic waters are choppy enough at the moment, with Brexit looming on the horizon, we can’t afford not to have a government with a clear mandate”, he said, “Politicians need to focus their minds on the business of managing government and the economy.”

“What they should be doing right now is creating a stronger investment environment for Direct Foreign Investors, and improving infrastructure to attract that investment.”, he said.  “This will be one of my main priorities if I am elected to the Seanad. I will bring my business expertise, skill and energy to politics. I will be a voice for business in the Oireachtas.”

 “Right now business people in Ireland are simply getting on with running their businesses but any prolonged lack of leadership will create uncertainty ”, he said.”

Mr. Melly is running as a Seanad candidate on the Trinity Panel.  He believes there should be more business people in government and he wants to be a voice for business in the Seanad. He has over 30 years experience as a businessman and almost 20 years as an entrepreneur setting up global telecoms businesses and later investing and working with Irish entrepreneurs to develop companies that have generated hundreds of jobs.

 

Bizplus Article - Melly Bid

 

Separately, businessman and investor Sean Melly is also throwing his hat into the Seanad election. Melly, who is standing as an independent candidate, founded TCL Telecom in Ireland (later acquired by Verizon) and eTel (acquired by Telekom, Austria).

Melly (pictured below) is also founder and MD of private equity and VC firm Powerscourt Capital Partners, which he set up in 1998. Among the companies Melly invested in is Dial2Do, a mobile tech firm that developed hands-free technology. Powerscourt Capital and Enterprise Ireland put €1m into the firm in 2009.

Melly, who is chairman of Trinity College Dublin’s business school, said that he is contesting the Seanad election because more experienced business people should be involved in government and national decision-making.

“I know what is required to start, finance and develop business and create jobs,” Melly maintained. “As a Senator, I will be a voice for business in the Seanad and I will help create an economic environment where enterprise can flourish.”

Melly said that his campaign priorities include the development of a stronger investment environment, restructuring taxation policy to encourage entrepreneurs and improving infrastructure to attract further international investment.

Listen Here - Sean Melly standing as Senate candidate (Trinity Panel)

Businessman and investor Sean Melly has announced today that he is standing as an independent candidate for Trinity in the forthcoming Seanad election. Mr. Melly has over 30 years experience  as a successful international  businessman and has taken  this step because  he believes there should  be more experienced business people involved in government and national decision-making.

 

I know what is required to start, finance and develop business and create jobs”, said Mr. Melly, “ As a Senator, I will be a voice for business in the Seanad and I will help create an economic environment where enterprise can flourish.”

 

Following a career in finance in London and New York, Mr. Melly became an entrepreneur  in the global telecoms  industry,  establishing  TCL Telecom in Ireland (acquired by Verizon) and eTel (acquired by Telekom, Austria).   In 1998, he set up Powerscourt Investments and has spent almost 20 years helping, and investing in, Irish entrepreneurs. He has helped launch many successful businesses, employing hundreds of people.

 

Mr. Melly’s economic  campaign  priorities  include:  the development  of a stronger investment  environment,  restructuring  taxation  policy  to encourage entrepreneurs and improving infrastructure to attract further international investment.

 

Education  is another area of concern for Mr. Melly. For almost a decade he has been  working  with  Trinity  College’s  leadership  to help  strengthen the university’s future. “Trinity still ranks among the world’s leading universities however, the role of Trinity and other Irish universities as world leaders is threatened by drastic cuts in state  funding”,  said  Mr.  Melly,  “I want  to  help secure  the  future  of  Ireland’s universities  by improving their quality and international  ranking,  restructuring  their funding and increasing their automony.”

 

Seanad reform is also high on Mr. Melly priority list. “Two years ago the Irish people voted to retain the Seanad, however, we need to make this institution more relevant and effective.”