Chamber President, Padraig Canavan on Corporation Tax

Following a meeting with secretary of state Owen Paterson, Padraig Canavan, president of Londonderry Chamber of Commerce, said:

"The Chamber believes that all local businesses are very supportive of the move to have corporation tax powers devolved to Northern Ireland and corporation tax reduced. It's one of a number of things that makes the area more attractive to investors and gives businesses more flexibility in how they use their profits and enables them to invest more to stimulate further growth.

"That contributes to the overall aim of making Northern Ireland more self-sufficient and less reliant on the public sector.

"There was a significant collection of people from business organisations across Northern Ireland all in one room at the meeting with secretary of state Owen Paterson."