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Invest in Drogheda Are Co-Ordinated, Speedy E.G I D C O n r . L o O v U g T H h e , I e R E s L d A N t a D a world class investment location “High achievement always takes place in the framework of high expectation.” Charles Kettering 2 www.drogheda.ie/invest Contents Introduction 5 Your Partners In Ireland 12 Location 6 Shared Services – The Ideal Destination 13 Economic Strengths 8 – Population 8 Sectoral Strengths 14 – Infrastructure 9 Office & Enterprise Parks 16 – Communication Technology 9 – Science & Technology Parks 16 – Education 9 – Retail Parks 16 – Research & Development 9 – Private Office Parks & – Research & University Enterprise Centres 17 Collaboration 9 Living in Drogheda 18 – Tax Rates and Incentives 10 Health & Well-Being 19 – Employment Law 10 – Infrastructure 11 – Access & Transport 11 – Communications 11 – Energy, Waste & Water 11 – Green Data Centre Park 11 a world class investment location 3 Invest Drogheda 4 www.drogheda.ie/invest Drogheda, Co. Louth, Ireland. Drogheda (pronounced: Dro-ha-da) is a While Drogheda is rich in history we are very thriving town with a population of over young at heart. Modern Drogheda has undergone 67,000 including the immediate environs. significant growth in the last 10 years and is Drogheda's close proximity to Dublin and emerging as a heritage town with a sensitive contemporary twist. The town has a relaxed Dundalk increases its population within a easy feel. Life in Drogheda includes great shopping, 60km (1 hour commute) catchment area to super schools, fabulous dining out and leisure over 1,700,000. Positioned on the east coast activities, stunning sandy beaches and so of Ireland, adjacent to Dublin Airport and much more. Dublin Port, Drogheda is just off the M1 Motorway, the economic corridor between Excellent access to Dublin and Belfast Airports Dublin and Belfast. (53km and 121km respectively), a well-structured motorway route network and highly efficient train Nestled on the banks of the historic River Boyne, and bus service always ensure that getting to and Drogheda and the Boyne Valley region are steeped from Drogheda is easy, quick and enjoyable. in history. The oldest known room in the world, the Neolithic Passage Graves at Newgrange, are just The access network is completed by Drogheda Port 5 miles from the town centre. Over 5,000 years old, and Dublin Port. The strategic location of these this UNESCO World Heritage site is older than the ports is hugely beneficial to local industry. Pyramids of Egypt or Stonehenge. Each year this world class site attracts hundreds of thousands of We believe that our wealth of history and international visitors. This is just one of our experience combined with our energy, vitality, amazing heritage sites. superb infrastructure and location make Drogheda an exciting prospect for investment. We hope you will agree and we look forward to welcoming you! a world class investment location 5 Invest Drogheda Location: Ireland The combination of Derry infrastructural assets, Larne Donegal developments in 1 9 1 Belfast k m transport, improved 2 0 m 6 m k Sligo k k m 0 4 2 connectivity and the 1 0 2 2 00 km young highly educated Dundalk 3 6 k population underpin m Drogheda the opportunities 4 1km 4 49 Dublin 7km km km for business in the 222 Dublin Airport Dublin Port Tunnel Galway Dublin City Drogheda area. km 47 2 m 1k 0 3 m k 0 m 1 k Limerick 2 7 6 1 Rosslare Waterford Cork 6 www.drogheda.ie/invest On the East Coast of Ireland, Drogheda is located just 50km Travel Times from Drogheda To: from the Irish capital city Dublin. Drogheda is strategically placed Dublin City Centre 40 mins on the main M1 motorway linking Belfast with Dublin on the North-South trade corridor. Drogheda has enviable transport Belfast City Centre 70 mins links that connect it to Dublin, the North East, Northern Ireland Dublin Airport 25 mins and Europe by road, rail, air and sea. One third of Ireland’s Belfast Intl. Airport 75 mins population live within a 50 minute drive of Drogheda. Dublin Port 30 mins Dublin Airport and Dublin Port via Dublin Port Tunnel are less Larne Ferry Port 120 mins than a 30 minute drive providing ease of access to international Dundalk 20 mins markets. Belfast International Airport is just 70 minutes drive Derry 140 mins north of Drogheda. The M1 and the upgrading of the Newry- Dundalk dual carriageway have increased road access from North Rosslare Port 150 mins and South. Drogheda railway station has links to all of the major Waterford 160 mins regional destinations including high-speed intercity rail Sligo 160 mins connections to Dundalk, Newry, Belfast and Dublin. Galway 180 mins The development of a new port access road at Drogheda Port and Limerick 180 mins the construction of a new deep-water port at Bremore between Donegal 190 mins Drogheda and Balbriggan will further enhance the reasons why Cork 220 mins national and global enterprises will want to locate in Drogheda. a world class investment location 7 Invest Drogheda Economic Strengths 8 www.drogheda.ie/invest Ga lway 60 km Waterfo 32 rd 6 4 0 ,9 km 1 3 2 im 30 L erick ,0 60 0 km 0 46 1 Cork 60 ,7 km 9 6 49 Dundalk 6 0 0k ,6 m 3 7 5 Population within blin 60 6 Du km 4 , 1 0 ,6 60km catchment 8 0 Population 4 0 , 4 (1 hour commute) Drogheda 6 5 60km Drogheda is one of the largest towns in Ireland with a 1,722,964 population of approximately 67,000 including environs. This number has grown steadily since 1996. Drogheda's close proximity to Dublin and Dundalk increases its Drogheda and its environs are home to approximately population within a 60km (1 hour commute) catchment 10,000 people commuting to Dublin each day. These area to over 1,700,000. people are highly skilled and experienced and most have higher education qualifications, including Over 40% of the Drogheda area population are financial services, engineering, software between the ages of 20-44 (a higher percentage than development, business and legal studies, and the national average) providing Drogheda and the management. These experienced, talented and skilled surrounding area with a comparatively higher people are a valuable resource for any company economically active population. seeking to set up a base in Drogheda. Education Ireland's education system is ranked in the top ten of IMD The closest Universities and Institutes of Technology are: World Competitiveness Yearbook, 2011. In addition to this Dundalk Institute of Technology quality the proportion of Drogheda area residents with at least a university bachelor degree or equivalent in 2006 Dublin City University was higher than the national average. Located in the Trinity College Dublin Dublin catchment Drogheda provides easy access to 5 Dublin Institute of Technology major Universities and 5 Institutes of Technology, each teaching to Masters Degree or PhD level. Collectively these centres of education have a student population of In addition to the many Universities in the area there are over 50,000. also a number of private colleges and further education Access to these Universities and Institutes of Technologies colleges: enable Drogheda based businesses to continue to benefit Drogheda Institute of Further Education from a workforce that can up-skill constantly. Edgewater College: a world centre for teaching of Aviation English. Research and Development While these Institutes and Universities provide a skilled Enterprise and Innovation Research Group (EIRG) labour force they can also provide research and Creative Media Research Group development for industry specific areas. The main areas Organic Resources Research Group of research conducted at Dundalk Institute of Electrochemistry Research Group Technology are: Regulated Software Research Group Research & University Collaboration Companies located in Drogheda benefit from BD (Becton, Dickinson and Company) partners with Innovation Support and Technology Transfer with the Dublin City University on Biomedical Research from regions Universities and Colleges. Examples include: their Drogheda Operation. Drogheda’s IFS (State Street) collaborate on Financial and Accounting Education Partnerships with 2 of the region’s 3rd level institutes. a world class investment location 9 Invest Drogheda Tax Rates & Incentives The key features of Ireland’s tax regime that make it one of the most attractive global investment locations include: A 12.5% corporate tax rate for active business. Ireland’s corporate tax rate of 12.5% applies to all corporate trading profits % Corporation Tax. This compares favourably to corporate tax rates in other jurisdictions from a low of 17% in Singapore to over 40% in Japan. A 25% Research & Development (R&D) tax credit which may be refundable over a three year period. – 5% of the R&D expenditure can be outsourced to European Universities includes Irish Universities); and in addition – 10% of the R&D expenditure can be sub-contracted Employment Law to other unconnected parties (i.e. 15% in total). An intellectual property (IP) regime which provides As with all countries the rights of employers and a tax write-off for broadly defined IP acquisitions. employees are enshrined in law in a series of pieces of legislation. Many of these are consistent An attractive holding company regime, including: across the European Union. – participation exemption from capital gains tax on disposals of shares in subsidiaries, If you are considering locating your European Operations in Drogheda talk to our experts. We will – an effective zero tax rate for foreign dividends (12.5% guide you through issues of employment law, tax rate on qualifying foreign dividends, with flexible contracts, rights, payroll requirements, taxation onshore pooling of foreign tax credits), and how to maximise tax efficiencies.
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