THE CEO of Limerick Chamber, Dee Ryan, has welcomed the announcement of €400m of planned investment in housing and a state-of-the-art medical facility as huge validation of the city and region’s status as a location for world-class inward investment.
Responding to the news, Ms Ryan said that it is a massive vote of confidence in post-COVID Limerick.
“This is a strong statement about Limerick’s resilience. Over the past six months, in what has been a time of great economic uncertainty the world over due to COVID, here in our corner of it we have had a number of significant job announcements, notably Regeneron’s good news story of expansion and 400 new roles in August and Indigo Telecom Group with 100 posts last month among others. We’ve had the commencement of activity on the Opera Site development in November as well. Now, in February, we have this announcement by Limerick City and County Council. Together, these are raising spirits across our city during challenging times. This is a positive indicator as to what lies ahead as we navigate our way out of the current COVID challenge.”
Ms Ryan continued: “The Chamber particularly welcomes the residential element of the development, bringing 200 new private, social and affordable units, which are badly needed in Limerick. It’s early stages yet but the very fact that a medical provider such as UPMC is the healthcare partner in this proposal is hugely exciting. UPMC not alone builds and operates healthcare investments across the world but is known for its ethos of, where possible, locating them in areas that bring real social dividend. That’s extremely encouraging for the north-side of the city.
“Our vision for Limerick is that we develop a thriving city with opportunities for all sections of our community and this proposed investment is going to ensure that type of balance is achieved.
“We congratulate the local authority on leading and delivering an outcome that has huge promise for this part of the city. It is now essential that we do whatever is necessary to support the delivery of this unprecedented opportunity for Moyross and the wider city and region .”