PROPOSED €48 MILLION INVESTMENT 

Ennis 2040 Developments will Create over 200 Long Term Jobs and Result in €3.5 million Annually of New Economic Activity in the Clare Economy

Ennis 2040 DAC, in collaboration with Clare County Council, has released details of an Economic Impact Assessment that sheds light on the transformative potential of a proposed €48 million investment in four strategic town centre sites.

The four identified sites—Abbey Street Car Park, Harvey’s Quay, Post Office Field, and a brownfield site on Francis Street—serve as key components in the delivery of the first phase of the Ennis 2040 Economic & Spatial Strategy. The economic impact analysis, undertaken by AECOM, demonstrates the significant contribution the development of these sites would have onthe economy of Ennis and Co Clare and recognises their potential to enhance Ennis’ commercial, retail, residential, and amenity offerings.

 

The construction phase is projected to create 526 short term jobs, providing a substantial and immediate boost to the local job market. Beyond construction, the completed projects are expected to generate over 200 long term jobs, contributing an additional €3.5 million annually to the Clare economy.

Furthermore, the proposed developments have the potential to deliver 79 homes catering for almost 300 people, addressing critical housing needs, and promoting town centre living, thereby increasing the footfall in Ennis town centre.

In addition to the economic benefits, the report recognised the wide-ranging benefitsof creating attractive public realm and amenities that will enhance the well-being of the community and the environment.

Pat Dowling, CEO, Clare County Council, said, “The insights provided by AECOM, as independent experts, recognise that these developments will introduce transformative changes to the town of Ennis. While acknowledging that adjustments may be necessary, the overall benefits are poised to outweigh these challenges. The findings reaffirm the vision set out in the Ennis 2040 Economic & Spatial Strategy and the positive impact these developments will have on our community and county.”

Dr Catherine Murray, Chief Economist, Director, AECOM Ireland, “We were delighted to be involved in the socio-economic assessment of this exciting project. The assessment employed a robust and well-established methodology and associated modelling process to gauge the positive effects of the projected €48 million investment on jobs and the local economy. The projects link with other great initiatives in the town proving Ennis is not afraid to make the changes needed to position itself for a bright future. Given the population projections for Ennis, we have no doubt that this proactive planning for the future will be a model for other large towns to follow.”

Kevin Corrigan, COO, Ennis 2040 DAC, “The Economic Impact Assessment showcases the tremendous potential and wide-ranging benefits of the proposed development of four strategic sites in Ennis Town Centre. Their impact will have far-reaching positive effects on the town and the whole county. The outputs also support the integrated and balanced approach being taken by Clare County Council and the Ennis 2040 DAC to future-proof the town and meet the diverse needs of a growing community.”

Carmel Kirby, Director of Economic Development, Clare County Council, said “This report underscores the research already undertaken during the development of the Ennis 2040 Economic & Spatial Strategy. It demonstrates how the proposed investment in these sites not only supports economic growth but also the broader well-being of the community and the environment with the development of Post Office Field, the river boardwalks and enhanced public realm. We look forward to working with Ennis 2040 DAC to ensure these projects are delivered and the benefits realised.”

The Economic Impact Assessment employed a robust and well-established methodology and associated modelling process to gauge the positive effects of the projected €48 million investment on jobs and the local economy.

The four proposed projects are part of the Ennis 2040 Economic and Spatial Strategy and integrated into the County Development Plan 2023 to 2029 both of which aim to deliver a range of strategic developments to make Ennis a better place to live, work, visit and invest in.

Further information is available at www.ennis2040.ie 

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Michael McDonnell Managing  Editor of Irish Construction Industry Magazine & Plan Magazine

Email: michael@irishconstruction.com      WWW.MCDMEDIA.IE  WWW.IRISHCONSTRUCTION.COM