While challenges including uncertainty over the impact of Brexit remain, the South East regional economy is performing strongly with positive indicators for further investment and jobs growth. That’s according to the summer 2019 edition of ‘Economy at a Glance’ from the Ireland South East Development Office (ISEDO) which shows the region has grown steadily over the last seven years across all key economic indicators.
With 5,900 new jobs created across Carlow, Kilkenny, Tipperary, Waterford and Wexford between the first quarters of 2018 and 2019, the report shows an estimated €700m in company investments committed to the region over the last 12 months alone.
Commenting on today’s report, Alan Quirke, director, ISEDO, said: “This mid-year analysis underlines the good progress being made in the South East. Looking across the five counties of the region, we see very significant public and private sector investments that are not only generating employment now but also positioning the region for growth in the years to come.
“We also see the South East appealing more and more to businesses and individuals looking for an alternative to the increasingly congested and prohibitively expensive greater Dublin area.
“For businesses, they can join the community of growth companies competing globally from the South East while saving at least one-third in costs compared to Dublin. For professionals – particularly those from the South East who have left the region – the region offers dynamic and challenging careers with much lower housing and commuting costs, giving them greater discretionary spending power. Indeed, our analysis shows that professionals returning to the region could have as much as 40% extra disposable income.”