Economic Impact Assessment
Ennis 2040 DAC, in collaboration with Clare County Council, appointed AECOM Ireland Ltd, following a tender process, to assess the economic impact of a €48 million investment into the development of four town centre sites in Ennis.
The four strategic sites have been identified as having transformative potential to enhance the economy of Ennis and deliver a substantial boost in the areas of commercial, retail, residential and amenity.
AECOM Ireland Ltd Economic Impact Assessment – Phase 1*
Economic Boost to clare
As shown in the graphic above the construction phase is projected to create 526 short term jobs, providing a substantial and immediate boost to the local job market. Beyond construction, the completed projects are expected to generate over 200 long term jobs, contributing an additional €3.5 million annually to the Clare economy.
Furthermore, the proposed developments have the potential to deliver 79 homes catering for almost 300 people, addressing critical housing needs, and promoting town centre living, thereby increasing the footfall in Ennis town centre.
In addition to the economic benefits, the report recognised the wide-ranging benefits of creating attractive public realm and amenities that will enhance the well-being of the community and the environment.
The AECOM study indicates the investments promoted by Ennis 2040 DAC and Clare County Council for the four key sites will be a significant step forward for Ennis and in particular for the enhancement of the town centre. The scale of the investment plan holds substantial promise for the future. The report outlines the existing economic conditions in Ennis and reports the potential value added from the proposed developments for the wider economy in County Clare.
