CORK STORY Our Path to Future Growth CASP Area

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CORK STORY Our Path to Future Growth CASP Area THE CORK STORY Our Path to Future Growth CASP Area TO LIMERICK Rail to Dublin TO DUBLIN MALLOW FERMOY NAGLE MOUNTAINS BLACKWATER VALLEY BOGGERAGH Northern Regeneration MOUNTAINS & Expansion Monard / Rathpeacon TO WATERFORD Blarney Ballyvolane & Glanmire Carrigtwohill MACROOM Western YOUGHAL LEE VALLEY Knowledge Zone Midleton TO TRALEE CITY CENTRE Ballincollig Tech Cobh Corridor East & Harbour Carrigaline BANDON BANDON TO WEST CORK VALLEY KINSALE Map and Areas Shown Not To Scale / Contents Contents Introduction 05 Chapter 1 East & Harbour 06 Chapter 2 Tech Corridor 08 Chapter 3 City Centre 10 Chapter 4 Western Knowledge Zone 12 Chapter 5 Northern Regeneration and Expansion 14 Chapter 6 Water Infrastructure 16 Chapter 7 Connectivity 17 Chapter 8 Tourism 18 Chapter 9 Food 20 Chapter 10 Partnership & Collaboration 21 Conclusion 22 4 /Cork at a glance EMPLOYMENT IN ALL AGENCY ASSISTED COMPANIES 2010 – 2013 Cork at a Glance SOUTH STATE WEST REGION Employment & Unemployment 144 IDA assisted companies in Cork, employing 27,354 people UNEMPLOYMENT RATE 8.8% 13.9% 4.90% Q2 2014 6.90% TE GION ICT TA RE FALL IN NUMBER ON LIVE REGISTER S T S Bio/Pharma E OCT 2011 – OCT 2014 W 37.80% Medical Tech 12.80% H T Content, consumer U & business services O 13.40% 11.8 S 11.1 STATE CORK Engineering 24.20% CITY + CO Financial services EMPLOYMENT IN FDI COMPANIES 17.5% 16.7% 22.2% Higher Education – R&D OF TOTAL GVA PER SECTOR R&D in Cork consistently outperforms EU averages: IS PRODUCED EMPLOYMENT IN IRISH-OWNED AGENCY • Largest amount of EU funding per capita in Ireland IN THE SOUTH ASSISTED COMPANIES 2010 – 2013 • UCC is top-performing university in Ireland over past WEST REGION 5 years in terms of research income • CIT is top-performing institute of technology over past 5 years in terms of research income SOUTH • Overall success is 26.8% versus EU average of 21.4% Cork - Ranked No 1 for STATE WEST REGION • Top performing region in partnering with industry business friendliness among • Annual spend on R&D is $160m between UCC and CIT small European cities by FDI Over 35,000 third level students in Cork Intelligence in its 2014/15 Almost 50% of students in Cork are enrolled in science European cities and regions 6% 18.2% and engineering at 3rd level of the future report. / Introduction 5 Introduction LUTS CORK AREA STRATEGIC PLAN 2001-2020 Plean Straitéiseach Cheantar Chorcaí Successful economic regions are characterised by strong inter-agency collaborative partnerships which proactively drive strategies for economic growth. Through the Cork Area Strategic Plan (CASP) process, Cork is best placed to Cork City Council Cork Comhairle Cathrach Chorcaí Building our B Cork County Council deliver sustainable growth for the South West. rand Comhairle Chontae Chorcaí Brand Book With a population of 519,000 Published in 2001, CASP is led by The triple helix working across the city and county, Cork City and County Councils relationships that have developed Cork makes the second largest (also involving national and local between government, business contribution to the Irish economy stakeholders) and sets out a and education, together with and is well placed to capitalise strategic vision for the sustainable a highly skilled workforce; on new opportunities. Thus, development of the CASP world class education, training a thriving Cork will not only region up to 2020. Integrated and research facilities; good benefit the region but also the planning has been in place for connectivity; strength in global State. Continued support from this region in Cork since the Land growth business sectors; ability Government in key strategic Use and Transportation Study to attract overseas companies; projects will enable Cork to deliver (LUTS) 1978. Since then, this co- and a growing SME sector have these benefits. This document ordinated approach has guided all contributed to Cork’s resilience sets out the achievements and the CASP region through two during the recent economic crisis the priorities identified for the recessions and the transition from and into the recent renewed signs CASP region, within the county of traditional industries (textiles, car of economic growth. Cork, to realise its considerable manufacture, ship building) to the Crucially, Cork will communicate potential. The CASP region current sectors of ICT, biopharma, this positive message nationally covers an area with a population medical technologies, energy and and internationally through the of 408,157 including Cork city international services. brand book developed as part of and represents 43% of the total the Cork Strategic Messaging and geographical area of Cork. Branding Project (see page 21). 66 CHAPTER 1 / East and Harbour East and Harbour ACHIEVEMENTS The East and Harbour This area also contains the The National Maritime College €14 million building for UCC’s is central to Cork’s strategically located former (CIT) in Ringaskiddy is a centre of Beaufort Research Centre (which Amgen site which is of national excellence in maritime research, will house the National Ocean Test economy with CASP significance. Cork Harbour is also training and education. The Irish Facility). home to one of the world’s largest Maritime and Energy Resource supported strategic The tourism and leisure potential concentrations of pharmaceutical Cluster (IMERC) in Ringaskiddy employment locations of Cork Harbour is being industries, with approximately (involving UCC, CIT and the enhanced with the redevelopment at Ringaskiddy, Little 4,000 people directly employed Irish Naval Service) is designed of the brownfield site at in the sector. It accommodates to strategically position Ireland Island, Carrigtwohill Haulbowline as a public park as the Port of Cork, a Tier 1 port to be a world leader in global and Whitegate, and well as ongoing redevelopment whose traffic volume rose from research and commercial activities of Spike Island and Camden Fort a specialised role for 8.3 million tonnes in 2009 to 9.12 attracting other smaller companies Meagher, both of which have seen million tonnes in 2013. It operates in the marine renewable or marine Marino Point and a significant increase in visitor Ireland’s only dedicated cruise ship engineering fields and creating numbers since works commenced Midleton. berth in Cobh. a nucleus of employment in the in 2010. area. Work is advanced on a new An important energy cluster at Aghada/Whitegate (where 25% of Ireland’s electricity is generated) also contains Ireland’s only oil refinery. With the offshore Kinsale and Seven Head gas fields, Cork Harbour is thus a vital national energy resource. Recent innovations include the installation of three new wind turbines by the Cork Lower Harbour Energy Group, each generating 3MW of energy. They not only significantly reduce energy costs but also remove approximately 14,000 tonnes of CO2 per annum. 7 FUTURE PRIORITIES Major investments The lack of adequate Port infrastructure will help increase lodge relevant planning and EIS has already approved the scheme are planned for Cork infrastructure capacity into port traffic by 2% p.a. for 20 years documentation to ABP in Quarter for the Upgrade of the Dunkettle the future will undermine and accommodate the trend to 1 2015 for approval. A recent Interchange which will facilitate Harbour to enable it the competitiveness of Irish larger vessels which cannot access Indecon report “Cork to the free flow through the Jack Lynch to support innovation, businesses and limit the region’s Tivoli. The relocation of inner World”, commissioned by Cork Tunnel and the adjacent road economic activity and ability to benefit from global harbour activities to Ringaskiddy Chamber, estimated that the €135 network. trading opportunities. and Marino Point will act as a million project would create 850 employment and to catalyst for the redevelopment of jobs during construction and a The Port of Cork lodged a the Cork City Harbour/Docklands further 2,200 along the corridor to fulfil its potential to as planning application with An area including Tivoli. the port. The consequences of not a world-class maritime Bord Pleanala in May 2014 for the proceeding with this critical link Ringaskiddy Port Redevelopment The upgrading of the N28 route to quarter. are estimated at €23 billion in lost project and a public hearing was Ringaskiddy will facilitate the port’s trade and potential for additional held in September 2014. This relocation. The NRA propose to 60,000 jobs not realised. ABP 8 CHAPTER 2 / Tech Corridor Tech Corridor ACHIEVEMENTS Both the city There is a strong tech cluster specifically for IT and service centre and Mahon developing in the City Centre, companies, and which hosts where companies like Zazzle and the Cork BIC and the Network contain significant Apple are based, along with UCC’s Operations Centre for the 60km concentrations of Tyndall National Institute – a Cork City MAN (48/96 pair fibre employment and global leader in ICT research. The ring Metropolitan Area Network). completion of the OneAlbertQuay population. development will add c. 14.000 The Tech Corridor is a walking/ m2 of premium office space and cycling route that links the city 1,700 jobs by early 2016. centre and Mahon along Monahan The 2008 CASP update identified Road, through Marina Park and Mahon as one of Cork’s strategic along the former rail line. Some employment zones, where of the major initiatives underway additional employment growth include the development of could be accommodated. In Marina Park and the upgrading of addition to major new residential Monahan Road and the rail line. developments, Mahon has been This link will be complemented by the location for substantial retail the implementation of the South development (at Mahon Point East Corridor Study which will Retail Park and Mahon Point improve public transport between Shopping Centre) and large the city centre and Mahon.
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