Redevelopment of the Shannon Free Zone will enhance Mid-West Regions attractiveness as a location for new Start up Companies - BREEN

September 9th, 2015 - Pat Breen

Clare T.D. and Chairman of the Joint Oireachtas Committee on Foreign Affairs and Trade Pat Breen has welcomed the news that €21 million is being invested by the Shannon Group in a major redevelopment of the Shannon Free Zone.

The five year programme involves the construction of advance manufacturing units and office blocks as well as the upgrade of some of the existing units.

“This is very good news for entire Region”, Clare T.D. and Chair of the Joint Oireachtas Committee on Foreign Affairs and Trade Pat Breen. “as the redevelopment of the Shannon Free Zone’s infrastructure will enhance the Regions attractiveness as a location for new Start Up Companies.”

“I know from been out there speaking to the key decision makers and CEO’s that one of the key contributory factors to deciding on a location is the availability of good quality advanced buildings.

This Region has already built a strong reputation as a Centre for Aviation Activity with Shannon International Airport on our doorstep, however, now that Ireland’s start up activity is at records levels we need to be in a position in this Region to compete for that extra business.
One of the other key factors which attract investors into a Region is the availability a highly skilled workforce. We have the benefit of having a number of Third Level Institutions in this Region so that we have a strong pool of highly skilled graduates . We also have an improved rail and road infrastructure and we have the added attraction in that we are the only English speaking country within the Eurozone, with access to an EU market of over 500 million consumers.

The Shannon Free Zone was built in the 1960’s and mainly focused on manufacturing and assembly activities. We need to develop our infrastructure now so that we can become a vibrant start up location for Companies of the 21st Century. Having available quality advance buildings will allow us to target Companies involved in the Life Sciences, ICT, Cleantech and R&D to come into the Region.

The latest unemployment figures confirm that every Region is now experiencing jobs growth so it is very important that we build on this progress.

Having a quality advance building infrastructure available will strengthen the hand of the IDA and Enterprise Ireland and make the Mid-West Region a very attractive location for new start up companies.”

ENDS