Economic Development County Development Plan Public Information Evening, Ballyragget, May 22nd 2018 - Ourplan Kilkenny
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Economic Development Improving standard of living through the creation of jobs, support of innovation and new ideas, the creation of wealth leading to an overall better quality of life
What informs Economic Development Ireland 2040 - National Planning Framework & National Development Plan Realising our Rural Potential – Action Plan for Rural Development National Action Plan for Jobs & South East Action Plan for Jobs A Framework for Town Centre Renewal National Broadband Plan Food wise 2020 County Development Plan Kilkenny Local Community & Economic Plan
Kilkenny County Council’s Role SPC for Economic Development / Local Community Development Committee Local Economic & Community Plan - 6 year strategic plan Support of Local Business LEO’s now part of Local Authority Business friendly environment Provide a leadership role in social enterprise initiatives e.g REDZ and Bank of Ireland Enterprising Town Attracting inward investment Marketing plan – Invest Kilkenny Greater integration of programme areas e.g. Infrastructure, Housing
Supporting the Enterprise Economy Employment is the key driver of economic growth Strong economies are essential to the development of sustainable communities. A successful county must have thriving settlements at the core – these will drive economic growth.
How? Targeting sectors that are seen to have an increased employment potential. Sectorsinclude: Agri-Food; Financial; Info Comm Technology; Manufacturing; Creative & Tourism Work with IDA & Enterprise Ireland to promote and market Kilkenny as a business destination – Invest KK
Strategic Locations for Investment Key Investment zones for Business Development Kilkenny city Abbey Quarter 60000sq m mixed use City Business Parks Belview zone Key Investment zones as economic drivers across county Kilkenny City – Medieval Mile (Butler Gallery) Castlecomer Demense Woodstock Kilkenny Greenway
Challenges Large capital investment required for the key strategic projects – finding the money and impact that has on other projects South East = 11% of the states population yet < 7% of the total FDI employment in the state 77 IDA client companies located in the region creating 14918 jobs in South East - Kilkenny accounts for 782 of these. Availability of suitable Commercial Property Solutions Brexit – Tourism & Agri-Food – key economic drivers in KK with the UK a crucial market.
Educational Attainment and Skills Human capital is critical to economic prosperity and a high quality of life SE has highest proportion of unskilled and semi skilled workers in the state =>lower incomes / less disposable income SE has higher than national average age at which population ceased education at 15.. SE has 7.3% unemployment (NA 6%)
Third Level 2016/2017 study: 3 third level colleges 4,171 young people within a 30 minute attend 3rd level = radius 50% (NA 45%) Waterford Institute of ITC = 507 Technology LIT = 65 Institute of Technology WIT = 888 Carlow Limerick Institute of 35% study in these 3 => Technology 65% travel outside the region
Challenges SE rank above the national average in terms of % attending college: SE lags behind the national average with only 23% of people have a 3rd level qualification compared to national average of 29% 2/3 leave to study outside the region and 60% do not return due to employment elsewhere => gap in skills means lack of attraction for business & investment Growing the economy and creation jobs => retaining qualified skilled people in the region Support for Technological University of SE key
Developing the Rural Economy ‘Towns and villages are at the heart of our rural community and should be places where people can live, work, access services and raise their families in a high quality environment’ Action Plan for Rural Development
Council have invested >€5.5m over 5 years 2013-2017 into Kilkenny Towns and Villages Rural Economic Development Zone (REDZ)
Challenges Vacant commercial premises Rent / Rates Loss of key services Broadband Poor connectivity / public transport Emigration of young skilled workforce
Access Infrastructure Well located at centre of South East Region Motorways / Rail networks Links to International sea port & Airports Proximity to Dublin Challenges - day commuters out of county to work.
Housing To attract businesses housing is required Western Environs Loughmacask Infrastructure being provided by council in Are there other housing Western Environs to options that we should be enable delivery of 800 looking at and encouraging houses and 2 post across the city and county? primary schools
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