Ibec, the group that represents Irish business, has called for economic growth to be shared equally across the country in the new 2017 Local Economic Indicators report, published today.
The new report, ‘Doing Business Locally’ is aimed at local and national policy makers and business leaders across the country.
Using publicly available data, all 31 local authority areas were profiled according to a common set of metrics including breakdown of skills; broadband and transport connectivity; employment by sector; tourism; enterprise agencies; and local government finance.
Launching the report, Ibec Senior Policy Executive, Aidan Sweeney said: "We must continuously strive to make Ireland the best place to live, work and invest. Our population is expected to grow by as much as 30% over the next 25 years, yet we have the lowest capital investment in infrastructure across the EU. The findings in our report show that we must progress the National Planning Framework without delay to address the growing imbalance between Dublin and the rest of the country. The new Framework has the capacity to address the economic and social challenges shown in our report, but only if it is underpinned by an all-Ireland approach to planning and increased State investment in transport, broadband, water services, health and education infrastructure. Our cities must be able to continuously compete in the global race for investment, whilst at the same time regional development must ensue. Future economic success hinges on infrastructure investment. If we invest wisely now, all regions will benefit in the years to come and business will create more jobs locally.”
“In our report, we have ranked key areas of interest to local and national politicians and businesses. This has provided us with a unique insight to the economic and social make up of the economy at a local level. It is our intention that this set of comprehensive indicators encourages public debate and better decision-making locally.”
Summary of the national findings for Local Economic Indicators 2017:
- Cork is ranked first for IDA supported jobs, Monaghan for Enterprise Ireland supported jobs, and Longford for local enterprise office supported jobs per capita.
- Only 6% of the labour force in the South East and the Midlands have a degree in science or technology related fields, below the national average (7.3%). More must be done to encourage students to engage in these subjects in order to promote and support job creation in these regions.
- Businesses and households in the Border, Midlands, West (BMW) region are comparatively disadvantaged to the rest of the country due to poorer access to transport and broadband infrastructure.
- The West ranks first nationally for overseas tourism revenue on a per capita basis. However, Dublin and Cork generated more revenue than all other local authorities combined. Generally, tourism revenue was strongest along coastal cities and regions – Dublin, Galway, Limerick, Clare, Kerry and Cork.
- The North West is least reliant on commercial rates to fund their local authority budgets with those in the Greater Dublin Region being the most reliant.
|Participation rate (% LF)||Fingal (68.4%)||Cork City (54.4%)||61.4%|
|Third level graduates (% LF)||DLR (55.1%)||Longford (24.1%)||31.2%|
|STEM-related grads (% LF)||Galway City (10.8%)||Offaly/Wexford (5.1%)||7.3%|
|Broadband (% premises 2016)||Fingal (79%)||Roscommon (36%)||57%|
|Minutes to state airport||Donegal (155)||Fingal (6)||62|
|Minutes to Tier 1 or 2 port||Donegal (163)||Cork City (6)||61|
|Overseas € per 10,000 pop.||Galway (€18.37m)||Offaly (€1.69m)||€6.40m|
|Hotel beds||Dublin (41,816)||Longford (146)||5,017|
|Commercial rates % budget||Fingal (54.2%)||Leitrim (16.2%)||36%|
|IDA jobs per 10,000 (LF)||Cork (1,284)||Laois (25)||461|
|LEO jobs per 10,000 (LF)||Longford (534)||Fingal (51)||197|
|EI jobs per 10,000 (LF)||Monaghan (1,662)||Laois (336)||721|
- Local Economic Indicators 2017.pdf - 4,536 Kbytes