THE IDA is to build new manufacturing and office facilities in Limerick in a bid to attract more jobs to the region.
In Dublin this Wednesday the development agency announced a five year €150 million capital investment programme to help attract more multinational jobs into each region.
They say the advance availability of suitable buildings, both office and manufacturing units, is critical to securing investments into regional locations. The building programme won’t start in Limerick until next year.
Deputy Kieran O’Donnell said that the number of IDA-backed jobs in Limerick now stands at just under 8,000 – the highest level since the economic crisis started in 2008.
“We have been making major progress in securing inward investment in Limerick. It is now important we ensure that more advanced office and manufacturing facilities are brought on stream to ensure the pipeline of investment is sustained,” he said.
“I can confirm that to address this, the IDA is planning on providing a significant new facility here next year. This will be funded as part of the new €250 million IDA regional strategy.”
He said that Limerick has already seen the benefit of facilities of this type with the investments seen in IDA-assisted locations such as those in Plassey.
“This announcement is coming on foot of a strong job-creation performance by the IDA here, which saw the number of IDA-backed jobs in Limerick increase by 1,408 since 2011. There are now 7,906 IDA-backed jobs here, an increase of 21.7% on 2010.”
Welcoming the announcement, Minister Jan O’Sullivan said: “This is very positive news for Limerick and the mid-west region. It will ensure Limerick is well placed to continue to compete and win significant multinational investment. Having state-of-the-art office and manufacturing facilities available will give a strong competitive edge to Limerick as we continue to focus on job creation and economic growth over the coming years.”