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Waterford Is Ireland's First City Identified As a Decarbonising Zone Under Ireland's Climate

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Waterford Is Ireland's First City Identified As a Decarbonising Zone Under Ireland's Climate Table of Contents Find Your Find Your Find Your Find Your Future Opportunity Team Adventure ƃ Waterford – Capital of the South East ƃ Population and Workforce ƃ ICT ƃ Waterford – Ireland’s most liveable place ƃ Top 10 reasons to invest in Waterford ƃ Cost Competitiveness ƃ Manufacturing ƃ Arts & Culture ƃ You’re in Good Company ƃ Connectivity ƃ Life Sciences ƃ The Great Outdoors ƃ Sustainability ƃ Financial Services ƃ Food the Waterford Way ƃ Business Innovation 2 Dublin Limerick Dublin This is Waterford Galway Limerick Waterford Cork The economic capital of Waterford Dunmore East the South East region Tramore Dungarvan A city of scale and significance, driving regional growth and prosperity and realising its full potential on behalf of the region. A sustainable, dynamic and resourceful City where people, as a matter of choice, will seek to live, work, invest, experience and socialise. Cork Waterford is Ireland’s first City identified as a Decarbonising Zone under Ireland’s Climate Action Plan with plans to achieve net zero carbon emissions by 2040 through a range of climate mitigation, adaptation and biodiversity measures. ƃ Information and advice on doing Contact the team at: The Invest in Waterford Team offers business in Waterford map-marker Economic Development Team, tailored and confidential services that ƃ Strategic market intelligence 35 The Mall, on your specific industry Waterford City. make it easier for companies like yours ƃ Site visits phone 0761 102 905 to choose Waterford for your next ƃ National and local economic development Envelope [email protected] business expansion. agencies who can help you access local mouse-pointer www.waterford2040.com opportunities, networks and supports ƃ Key contacts in private industry, academia, government agencies 3 10 REASONS to invest in Waterford Largest City Catchment outside of Dublin with a Waterford City Region will see €500 million investment in population of 603,902 within a 60 minute drive. Ireland’s only regional Strategic Development Zone site Ref: UrbiStat outside Dublin. Ireland’s fastest growing city region where GVA Waterford City Region offers a competitive cost per capita growth has increased by 74% since base where companies can realise a 33% cost 2000. The 7th fastest growing region in the EU in saving per employee, as compared to terms of GVA per capita. Dublin region. Waterford City is Ireland’s first City identified Waterford City Region is home to Ireland’s lead as a Decarbonising Zone under Ireland’s Climate Institute of Technology attracting more EU Horizon Action Plan with plans to achieve net zero carbon (H2020) funding than any other Institute of emissions by 2040 Technology and 2nd only to UCD. Waterford City population to grow by 60% to The Port of Waterford is a deepwater 83,000 by 2040 with a projected 30% regional port connected to global shipping hubs, population growth to 804,000 population by providing access to the European, 2040. Ref: Project Ireland 2040 American and Asian markets. Irelands Livability Index places Waterford as the Waterford City Region has one top ranked place to live in Ireland. of the most vibrant, structured, cohesive and collaborative innovation ecosystems in Ireland. 4 Waterford institute of Technology is one of Ireland’s leading research-led Institiutes of Technology with over 8,000 students. We are committed to forming creative and innovative citizens. The institute is defined by its culture of innovative collaboration with industrial, commercial and social partners in the knowledge creation and exploitation process. We embrace our role as an international academic leader as defined by its global networks of excellence in teaching, research and innovation resulting in the flow of state-of-the- art knowledge and highly qualified graduates to the region. Professor Willie Donnelly, President, Waterford Institute of Technology 5 Mean Income 40000 €33,635 €28,521 €26,495 30000 €24,515 €25,658 20000 10000 0 Dublin Limerick Galway Cork Waterford 5000 €4,300 Mean House Price per Sqm 4000 €2,800 €3,100 3000 €2,100 2000 €1,500 1000 0 Dublin Limerick Galway Cork Waterford €1,488 Mean Mortgage Costs 1500 €901 €923 1000 €675 €592 500 0 Dublin Dublin Limerick Galway Cork Waterford Galway Mean Rental Costs €2,064 60 minute 2000 catchment2 €1,182 €1,258 €1,358 603,902 €988 1000 Find Your Limerick 0 South East Dublin Limerick Galway Cork Waterford Region1 Opportunity 581,615 Prime Oice chevron-right Population and Workforce 800 €673 chevron-right Cost Competitiveness 600 chevron-right Connectivity €323 €355 chevron-right Sustainability 400 €215 €200 chevron-right Business Innovation Waterford City & County1 200 116,176 1 Waterford City 0 53,504 Dublin Limerick Galway Cork Waterford Cork Industrial Rent €108 100 €85 €90 €59 50 €39 0 Dublin Limerick Galway Cork Waterford 6 Mean Income 40000 €33,635 €28,521 €26,495 30000 €24,515 €25,658 20000 10000 0 Dublin Limerick Galway Cork Waterford 5000 €4,300 Mean House Price per Sqm 4000 €2,800 €3,100 3000 €2,100 2000 €1,500 1000 0 Dublin Limerick Galway Cork Waterford €1,488 Mean Mortgage Costs 1500 €901 €923 1000 €675 7000 840,000 €592 6500 500 790,000 6000 5500 0 740,000 Dublin Dublin Limerick Galway Cork Waterford Galway 5000 690,000 4500 4000 640,000 3500 Mean Rental Costs 3000 €2,064 590,000 2018 2020 2022 2024 2026 2028 2-30 2032 2034 2036 2038 2040 60 minute 2000 catchment2 GVA per capita (LHS) Population€1,182 South-East Region (RHS)€1,258 €1,358 603,902 Waterford City Region Talent PipelineSource ref: Waterford 2040 Regional City of Scale RIKON €988 1000 Limerick 6,800 Life Sciences Students in 0 South East 3rd Level Education Dublin Limerick Galway Cork Waterford Region1 7000 5,200 Financial, Professional & Business Services840,000 Students in 3rd Level Education 581,615 6500 3,000 Advanced Manufacturing, Engineering & Industrial790,000 Prime Oice 6000 Technologies Students in 3rd level education 800 €673 5500 1,500 ICT Students Programmes in 3rd Level Education740,000 5000 690,000 600 4500 €323 €355 4000 400 0 640,000 €215 €200 Waterford City & County1 3500 590,00016,500 200 116,176 3000 60,000 1 2018 2020 2022 2024 2026 2028 2-30 2032 2034 2036 2038 2040 Education Waterford City 0 Working 53,504 GVA per capita (LHS) Population South-East Region (RHS) Dublin Limerick Galway Cork Waterford Cork Source ref: Waterford 2040 Regional City of Scale RIKON Industrial Rent €108 31,000 Employees in the Advanced Manufacturing, €90 Engineering & Industrial Technologies Sector 100 €85 17,000 Employees in the €59 Life Sciences Sector 6,000 Employees in the Financial, 50 €39 Population and Workforce Professional & Business Services 6,000 IEmployees in the ICT sector An experienced, well-educated, talented, highly skilled, multilingual and adaptable workforce offers all 0 of the specialist skills that companies need to compete globally. The Waterford City Region’s workforce Dublin Limerick Galway Cork Waterford is one of our strongest assets showing a creativity and agility and with 33% of Ireland’s population aged 0 under 25 years old; we represent the youngest workforce in the EU. With national population growth targeted for a 60% City increase, Waterford 2040 projections anticipate the creation of16,500 17,000 jobs in 60,000 the City and 83,000 across the Waterford City Region in the next 20 years3. Education Working 1CSO 2016, 2Urbistat, 3Rikon 2040 Projections 7 Education University City In addition to being home to Ireland’s lead Institute of Technology, Waterford The development of a Technological University for the City Region has 15,000 students and 5,000 graduating annually with a strong South East of Ireland (TUSEI) is a bold step building focus on STEM, Waterford City Region has a talent pipeline that is broad, deep on the existing institutional strengths at WIT and will and exceptionally versatile. Waterford City has an exceptional record in primary create a distinctive, modern, innovative, high-impact and secondary education with Waterford schools achieving 89% progression education and research organisation. rates to 3rd Level4. Early years education is of an exceptional quality with costs The impact of a university of scale in significantly lower than Dublin. the Waterford City Region with an anticipated 18,000 students and 1,300 staff is transformative and WIT will retain the regions talent in the South East. The development Waterford Institute of Technology (WIT) is a research-led Institute, recognised in Waterford of a university for its distinctive, high quality centres of research. WIT is investing in Centres quarter that will function as a of Excellences and areas of knowledge-intensive industrial development in landmark development will be an Waterford, which are driving the region’s global impacts. indispensable anchor for the city of ƃ WIT’s research expertise in ICT, Advanced Manufacturing Waterford and the South East region and Life Sciences drives innovation and development in performing a central role in regional these industries in the Waterford City Region. and national economic, cultural and ƃ WIT hosts three technology gateways, a €23m investment by the National social development as set out in Enterprise Agency, Enterprise Ireland to create South East Applied Ireland 2040. Materials (SEAM) Research Centre, Pharmaceutical and Molecular Biotechnology Research Centre (PMBRC), and the TSSG Technology Gateway which is part of the internationally renowned Walton Institute for Information and Communication System Science (formerly TSSG). ƃ NDRC@ArcLabs Start-up Accelerator supporting the development of new digital enterprises Waterford Institute of Technology (WIT) is a research- led Institute, recognised for its distinctive, high quality centres of research. 8 4source: Irish Times Progression rates 2020. Mean Income 40000 €33,635 Cost Competitiveness €28,521 €26,495 30000 €24,515 €25,658 20000 10000 Salaries 0 Dublin Limerick Galway Cork Waterford Wage costs in the Waterford City Region are sustainable and represent a cost saving to employers and a significant low level of staff turnover is a feature for the region.
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