Dragon Casey does U-turn on standing in the General Election
Businessman and Dragons' Den star Peter Casey has decided not to run in the upcoming General Election.
He had previously indicated that he would run as an independent candidate.
"There are several factors really. I'm definitely in the future going to get involved. I've just sold my house in Atlanta and bought my house in Greencastle, Co Donegal. I thought my wife was 100pc on board, but she wanted to wait a while for family reasons, my youngest daughter is going off to college, so next year we'll be completely empty-nesters.
"If I do something, I do it 100pc. I'm a sort of all-or-nothing-type person. My business is going really well at the moment and we're expanding and growing. I haven't quite exited yet, I am selling it to the employees but the timing is just not right at the moment.
"I think that the next election will be inconclusive and I believe that it won't be too long until the next election after that."
He said he would stand as an independent if he was to run in future.
Casey, the founder of recruitment firm Claddagh Resources, is currently in the process of selling the company to its staff. He will remain with the company as non-executive chairman once the transaction is complete. He is currently writing a biography of former Tata Group chairman Ratan Tata.
The company recently launched a business called 'Claddagh Rivs' - whereby employers can examine video interviews as an alternative to conducting face-to-face interviews.
He said its performance had been slower than expected to begin with.
"We've had some very good success with it, with five or six clients, but it's a little bit ahead of its time. It's the future, it saves time, but it's like everything, you have to invest time and money to get it going and it's one of the other things that's sort of deferring my decision (to get into politics).
"It's so logical a concept - that instead of bringing people in from all over the place for interviews, you would just look at them doing a little video clip and you can narrow down the field very, very quickly.
"It's doing really well for us in America - but we haven't been able to get it to take off in Europe in the way I wanted to."
Sunday Indo Business