CONSTRUCTION and repair work was worth more than €178 million to Limerick in 2015.
Analysis by the Construction Industry Federation (CIF) shows that the figure for the entire country was more than €4.2 billion. Fuelled in part by Home Renovation Incentive (HRI) introduced by the Government in late 2013, there was an average spend of €12,079 on each project.
Homeowners embarking on minor home renovations and energy upgrades have provided a huge incentive to the legitimate construction contractors, rather than losing it to the black market.
According to the CIF, the extension of the Home Renovation Incentive to rental properties in late 2014 has also added further activity to this sector.
The figures are contained in a county by country report by the CIF which shows that in Limerick €178.34 million was spent on repairs, maintenance and improvement (RMI) work including residential premises, non-residential premises such as offices, factories, and other buildings as well as civil engineering work.
bernie@limerickpost.ie
