Business in LimerickKey Sectors
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ICT-led companies have always valued our affinity for cutting-edge innovation. Today, the region is a technology and R&D major hub with a rich, thriving ecosystem boosted by a ready talent supply – more than a third of Limerick’s third-level students study STEM (science, technology, engineering and mathematics) subjects.
Big companies come to Limerick as part of their quest to solve some of the world’s most important health challenges. These companies have sparked a vibrant local life sciences sector that ranges from third-level spin-outs to early-stage SMEs – a trend that’s growing throughout Ireland. There have also a been several notable acquisitions.
Ireland’s main banking institutions are established in Limerick, underpinning successful growth across the region. Some of the world’s best-known financial and professional services firms are also here, including BDO, Deloitte, EY and Mazars. With support from IDA (Industrial Development Agency) Ireland, they have attracted diverse multinational clients such as FundRock, part of the Apex Group, and wealth-management services giant Northern Trust.
Manufacturing accounts for a hefty proportion of Ireland’s GDP. With our high-tech manufacturing ecosystem, Limerick keeps Ireland at the forefront of the digital transformation. We’re driving the future too. As part of the nation’s sustainable growth strategy, we have been chosen to host a new 30,000 square foot IDA Advanced Manufacturing Centre (AMC).
It takes true collaboration to make change. When it comes to sustainability and green energy, Limerick sets the pace. A full range of bodies, from Limerick City and County Council, our research-led universities and the Regional Enterprise Plan, to Shannon Foynes Port Company, Limerick Chamber, large employers and other key stakeholders work together to realise opportunities for the region and – equally important – for investors.
Creative and media is a buzz area for Limerick after a decade in which it has enjoyed an explosion of activity. The epicentre of this is the region’s emergence as a hub for film and television production thanks to the presence of Troy Studios, which is Ireland’s largest production studio, in the National Technology Park. This has given rise to a vibrant film production ecosystem across the region, with well over 1,000 people now employed in the space at peak activity.
Limerick’s embrace of digital transformation is flourishing through the Smart Cities programme – a ‘people first’ programme that identifies the needs of the public and seeks to respond to them with digital solutions. The Smart Cities programme is a project of the European Commission and is underpinned by the Limerick Digital Strategy – the first such strategy developed by an Irish city, with Limerick also the first to undertake the Smart City initiative.
Like so much about Limerick, its retail offering comes with an edge on so many others, not just because of its special offering but also its unique personality. Whether it’s indulgent retail therapy offering up big brands, a rich ecosystem of proud independent stores or options for the most curious bargain hunter, Limerick has all the shopper needs and more.