THE IDA is to invest millions of euro constructing new office facilities on the edge of Limerick to attract further foreign direct investment to the city.
In the Capital Budget this week, it was announced the job creation agency is to embark on a regional property building programme this year.
The Limerick 2030 strategy makes it clear that there is a lack of ‘clean’ office space for high-tech companies to move into.
And the IDA has responded this week by committing to a new-build facility, which will also provide space for light manufacturing industries.
Construction will commence in the coming months, says Fine Gael TD Kieran O’Donnell.
He has warmly welcomed the investment, pointing out the facility will bring jobs at construction stage, as well as when complete.
“It is very much building on the IDA-backed jobs which have come to Limerick in the last number of years,” the City TD told the Limerick Leader, “Since the start of this year, we have seen more than 850 IDA-backed jobs announced, and I think we will be seeing further announcements very shortly which is very positive.”
He said the IDA’s investment “shows the confidence both they, and the government has in Limerick as a region for foreign direct investment.”
IDA Ireland has already developed similar facilities in Athlone, Waterford, Sligo and Portlaoise. Now, it is Limerick’s turn.
Mr O’Donnell said: “Jobs are a priority for me in Limerick, and I think it is a positive statement about what Limerick has to offer both in terms of the work force we have, the universities strategic location, in terms of the road network, and our international airport on our doorstep.”
He said it is “critical” companies have ready office space to move into should they choose to invest in Limerick.
Similar ‘advance office’ facilities are also being constructed in Dundalk and Galway. The IDA has a target to create a total of 15,000 new jobs nationwide during 2016. The project to build this advanced centre is part of a national strategy by IDA Ireland to build €250m in office space across the nation.