Future orientated economic growth
The Experience Economy operates on a 24/7 basis, from corporate events to visitor attractions and late-night venues, to the employees and suppliers travelling in the early hours of the morning or late into the night to fulfil their work obligations.
Investment in public infrastructure at both a national and regional level - including transport, (better connectivity both into and within the regions), housing and broadband, not only plays a significant role in attracting domestic and international visitors but also improves the quality of life of the local population making urban centres across Ireland vibrant and attractive places to work and live.
Workers in the Experience Economy are currently hampered by a lack of housing in urban centres, a lack of transport options when travelling late at night or early morning and this has implications in terms of personal safety and cost. In turn, it is causing recruitment and retention challenges as well as wage pressures for employers.
Community vibrancy is crucial for quality of life and investment appeal. Recently, petty crime and safety concerns have risen, forcing businesses to increase security spending for staff and premises, and to reassure their customers.
To address these challenges, Ibec is calling for:
- Improve urban safety and invest in public realm enhancements by:
- Resourcing An Garda Síochána for a stronger street presence and creating a dedicated Transport Security Unit to ensure public transport safety. Extend public transport hours to support night-time and essential workers.
- Invest in public realm upgrades, festivals, cultural events, and conferences to revitalise town centres, including better lighting, outdoor spaces, accessibility, and safe transit hubs.
- Revitalising our urban centres. The commercial mix of our cities and towns is changing. Where there is an oversupply of commercial (primarily office and retail) property in areas of high residential demand, Government must incentivise the re-use of older vacant commercial premises by converting these properties from commercial (e.g., from office or other retail) to residential. Creative use of vacant spaces and a better commercial mix will foster vibrant, family-friendly urban centres.