Whilst Iceland begins to resemble Peter Jackson’s imaginings of Mordor, there is an atmostphere of complete clarity with our closer nothern neighbours who have the foresight to see the advantages that NAMA can bring to the region. CEF, the Construction Employers Federation and a close neighbour of our own CIF, has advised members not to bury their heads and to start preparing their business plans for NAMA because, according to John Armstrong CEF MD, “Nama will also have the working capital to develop sites.” NAMA of course has a €5bn development pot and for an industry on its knees in this State, it would be a welcome fillip where falling margins and employment are prevalent. NAMA will be running a roadshow in Belfast on 14th May, 2010.
What is Tom Parlon and CIF doing to facilitate its members in accessing NAMA’s working capital? Solidly-prepared and stress-tested business plans may attract NAMA’s scarce resources.