I am pleased to appear before the committee in my role as chair designate of the Irish National Stud. I welcome the opportunity to engage with and hear the views of the members. I will share a little about myself and the experience I have gained over my lifetime, which, I think, will bring value to this prestigious role. For over 40 years, I have managed the family business, Mongey Communications, which is in Naas, County Kildare, which I co-own with my brother Cyril. We specialise in providing audiovisual and technical products and services to both the event industry and the security industry. We work with the GAA, the IRFU, the FAI, Horse Racing Ireland, HRI, World Rugby and many State bodies and industries generally. We have been supported by Enterprise Ireland and that has allowed us to expand our services to the European and the US markets.
I am currently chairman of Punchestown Racecourse, the home of the Irish national hunt festival. As we approach this year's festival, we expect a total attendance of approximately 130,000. We hope that 26,000 of those people will come from the UK. More than 65 horses from the UK, the largest number ever entered, will be competing. We know from recent surveys that the festival delivers an economic impact of about €70 million to the local economy. One of my key objectives as chairman was to introduce the idea that Punchestown is not just a racecourse but a venue with opportunities to expand the non-core business. With its large landbank and facilities on location Punchestown has become the venue of choice for concerts, conferences and exhibitions. This has allowed us to get the benefit from the facilities, increase employment and deliver additional income to the business.
I have just completed an eight-year term as chairman of County Kildare Fáilte, the County Kildare tourism board. Its aims were to help build a sustainable industry where stakeholders work together to design and deliver quality experiences for domestic and international visitors, with the knock-on effect of creating jobs and helping to boost the economy. Kildare is the home of a large equestrian family, including Punchestown, the Curragh and Naas racecourses, the Irish National Stud and Goffs. The county is well served with many attractions. One of my key objectives during my term was to promote the county's patron saint, St. Brigid, where along with many others we were successful in getting the February bank holiday weekend in her honour. This allowed us to establish a series of annual events that attracted more visitors to Kildare in what traditionally would have been a leaner time of the year for hotels and guest houses.
I have also held the position of chair of the audit and risk committee of the Irish National Stud. This has allowed me and my committee to support the board by overseeing risk management, financial reporting and internal controls and has given me a deep and comprehensive understanding of the stud. The experience I have gained over the years will help me to lead the board of the Irish National Stud and ensure that it continues to be a string in the harp of what is one of Ireland's greatest treasures and an iconic institution. I have a great saying that in order to know where you are going, you need to know where you come from. The history of the Irish National Stud traces back to the formation of the State. In 1916, Colonel William Hall Walker, the then owner of the lands, gifted a nearly 1,000 acre farm of world-class broodmares held in Tully in County Kildare to the Government, which, at that time, was, of course, the British Government.
In 1922, with the establishment of the Free State, the Irish Government made an unsuccessful claim to the UK Government regarding the lands on which the National Stud is now located. Eventually, agreement was reached in December 1943 that the Irish Government would take possessions of the lands at Tully. In July 1945, during the Second Stage debate on the National Stud Bill, Dr. James Ryan, Minister for Agriculture at the time, stated, "The Government decided at an early date that Tully farm should be used as a stud farm, as a national stud." He further outlined:
It will be for the improvement of the very high-class blood horses. It can be made, I believe, the medium of valuable assistance and encouragement for the thoroughbred breeding industry generally. It will ensure that the services of the best class sires will be made available to small breeders.
In August 1945, the National Stud Act was passed by the Oireachtas. These original objectives, to support the development of a thoroughbred breeding industry in Ireland, showed a great understanding by the policymakers of the time of the need to harness our natural resource of talented horsemen and women, limestone-rich land and temperate climate into a successful industry.
In the most recent Longines World's Best Racehorse Rankings for 2025, Irish-bred horses made up four of the top 10 positions. The most recent economic figures from HRI in 2023 highlight an industry producing €2.46 billion in annual economic activity, supporting over 30,000 jobs, predominantly in rural areas, with over 1.2 million racegoers and more than €500 million in bloodstock sales by Irish vendors. In 1946, the breeding industry was a pale shadow of what it has become today. Over the past 80 years, Ireland has become a global leader. This did not happen by accident. It has been built on the support and recognition of successive Governments of the important role it plays in the promotion and development of the industry, job creation, economic activity, land management and society at large. While the National Stud has been a small cog in the wheel, it has played an important role in carrying out its original mandate to provide valuable assistance and encouragement for the thoroughbred breeding industry and to make best-class sires available at reasonable prices.
The stud has, however, also evolved significantly since its inception to carry out a range of tasks that could not have been foreseen. Matched with standing stallions and providing foaling and boarding services, the stud retains a strong broodmare band, the progeny of which are usually sold at public auction. It plays a central role in industry and wider community organisations and charities. Since the early 1970s, it has performed a strong educational training remit for future industry leaders. The annual Quality and Qualifications Ireland, QQI, stud management course carries global renown.
The development of the stud and gardens as a visitor attraction brings equal benefits of creating a showcase for the industry while providing a strong complementary cash flow to the stud business. Conservation and preservation of the gardens and natural heritage are a key focus. The world-renowned Japanese gardens provide one of the finest examples of Japanese-style landscaping in Ireland and the world. The farm has welcomed many dignitaries and world leaders throughout its history and works closely with embassies and Department officials to provide an appropriate and tranquil location for important delegations. Conservation and preservation of the gardens, land and natural heritage are a key focus of the stud.
In terms of innovation and technology, the stud has worked closely with the local enterprise office, Kildare County Council and Innovate Kildare to establish the National Equine Innovation Centre on the grounds of the stud, providing office space, meeting rooms and services to high-potential start-up companies in the equine sector. Therefore, the Irish National Stud is more than it ever was intended to be. All of this was achieved while ensuring compliance and regulatory adherence befitting a State body and, if I may add, in the absence of sustainable annual Government funding.
One of my many ambitions and priorities for the next five years will be to drive excellence through people and for the board to create a pathway for both management and staff to achieve the highest standards in supporting what is a premier thoroughbred breeding facility. I know from my experience chairing the audit and risk committee that equine welfare is of a high priority and at the highest standard at the stud where the team are leaders in their field. I, along with the board, will ensure that this continues and every resource will be provided to maintain the Irish National Stud at the forefront in the advance of equine welfare.
Since the Covid-19 pandemic, visitor numbers have increased from 120,000 to 145,000. I would like to retain our strong ambition to significantly increase tourism numbers further over the coming years. I look forward to working with the board, executive and staff, and with my best endeavours helping to provide leadership, support and guidance to further the ambitions of the Irish National Stud.
I thank the committee for inviting me to address it. I will be happy to answer questions. I would also like to take the opportunity to invite the committee members to the National Stud for a tour at a time of their convenience.