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Saturday, 9th January 2021

Drogheda Chamber welcomes IDA's 2021-2024 plan

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Choppy seas and large rocks on the cover of the IDA's 2021/2024 plan.

In its report published on Thursday entitled “Driving Recovery and Sustainable Growth 2021-2024” the IDA say that they will "…deliver building solutions in Drogheda and Dundalk."

Louth is now in the IDA’s Mid-East region along with Kildare, Meath and Wicklow. There are 97 IDA client companies in the region, employing 18,396 people.

The IDA points out that counties in the Mid-East benefit hugely from the direct and indirect employment generated by IDA client companies located in Dublin.

“The Mid-East has a significant ecosystem of well-established companies across Technology, Life Sciences, International Financial Services and Engineering & Industrial Technologies” the report says.

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“The Mid-East includes the regional growth centre of Drogheda-Dundalk. The region is strongly supported by third level education providers, including Maynooth University, Dundalk Institute of Technology, IT Carlow’s satellite campus in County Wicklow and Dunboyne College of Further Education.

“In our new strategy, IDA will continue to market the Mid-East region drawing on existing assets, including property solutions and placemaking. We will focus on investment opportunities arising in services, high value manufacturing, and RD&I.

During the period of our last strategy, IDA delivered an Advanced Office Building in Dundalk and completed planning for an Advance Building Solution that will commence construction shortly.

“…IDA will deliver Advanced Building Solutions in Drogheda and Dundalk over 2021-2024. IDA intends to partner with Meath County Council for the delivery of an advance planning permit for an Advanced Technology Building in Navan, Co. Meath to advance the location from an attractiveness perspective.

“Further upgrade works are designed and progressing on IDA Parks and IDA plans to acquire additional strategic sites in the region for development.

“IDA will work closely with the private sector in the Mid-East to secure the provision of appropriate and cost-effective building and property solutions for client companies IDA will target 40 investments for the Mid-East region in the period 2021 to 2024.

Drogheda Life asked Drogheda Chamber President Robert Murray and Breanndán Casey of the Mill Enterprise Centre for their reactions to the report which they welcomed in a joint statement issued yesterday.

“Drogheda & District Chamber welcomes the release of the IDA’s Driving Recovery and Sustainability Growth Strategy 2021-2024. In a difficult global environment, the plan is ambitious and our team looks forward to continuing to build on an already strong relationship with our IDA colleagues in the region.

“In particular, we are pleased to see that Drogheda is earmarked as a location for Advanced Building Solutions and that we will see our share of the targeted 40 investments planned for the Mid-East Region between now and 2024.

“Drogheda’s proximity to Dublin and its skilled workforce are both major FDI selling points for us a Regional Growth Centre and it is positive to see that the IDA have now positioned us in the Mid-East Region as this, we believe, better aligns us for future growth. Drogheda & District Chamber sits on both the North East and Mid-East Regional Enterprise Planning committees and will continue to represent business needs for our town across both forums.

“Over the coming days the wider Chamber team will dig deeper into the report and plan to meet with the regional IDA team in the coming weeks to seek clarity on some items and also discuss the strategy in greater detail.

“We are committed to elevating Drogheda’s position within the IDA’s plans and will work hard to increase our share of FDI.

Click here to access the full report.

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