Publish Date: Wednesday 14th December 2016
- Location of engineering activities at Coonagh provides catalyst for direct investment in city core
Limerick Institute of Technology is planning on a €14 million investment in a new campus for education and research in engineering from inception, becoming a centre of excellence with state-of-the-art engineering facilities.
There will be particular emphasis on precision engineering, with activity in Coonagh expected to further underpin direct investment and sectoral jobs growth across the region.
LIT will now work to deliver the project with the objective of having the first cohort of students in Coonagh during the 2017/2018 academic year. The first phase of development is planned in stages over three years. Construction is expected to create 134 new jobs, with the campus employing a further 100 when fully operational.
LIT President, Professor Vincent Cunnane said, “We are very pleased with today’s decision.
“This is a critical juncture not just in our development of the Coonagh campus, but in our overall Campus 2030 Capital Development Plan, which is fully integrated with the Limerick 2030 Spatial and Economic Development Plan.
“We are one step closer to seeing an unused site transformed into a centre of engineering learning which will have major dividends for Limerick and the region. It will increase the attractiveness of Limerick for continued investment and jobs growth while also directly addressing critical skills needs in industry.
“Developing Coonagh means that LIT is freed up to expand what we do elsewhere, particularly in Limerick’s city core. We already have 1,000 students in the city centre at LSAD, along with two city centre incubation centres, and we are committed to developments on other key strategic sites in the city.
Chairman of LIT’s Governing Body, Niall Greene said, “The Coonagh campus enables LIT to continue to expand our range of programmes to meet the region’s growing skills needs, particularly in manufacturing. It is a key part of our Campus 2030 Capital Development Plan, which is in line with our objective of making a significant contribution to the economic, social and cultural development of the region”.
Denis Doyle, Vice President & General Manager, US and Ireland Manufacturing Operations at Analog Devices said, “As manufacturing moves towards the Internet of Things, it is crucial that we have access to graduates who are trained in state-of-the-art facilities and who understand the future of manufacturing. We hire graduates locally insofar as we can, and the development of LIT’s Coonagh campus is very important in that regard.
“More than that, however, this is the kind of development that will strengthen Limerick and the region as a location for investment and employment. This is of significance to industry nationally, and emphasises the importance of Limerick4Engineering as a representative industry body for the region.
“This is a facility that brings a lot of added value. It is something that will be very good for Limerick, and which I very much welcome.”
The Mayor of the City and County of Limerick is welcoming the investment that LIT is making in Coonagh on the northern outskirts of Limerick city.
“I’m delighted that LIT are progressing with their plans at Coonagh. The location is a strategic site for future development. It will act as gateway or anchor for future developments in the area.”
“The investment will work in tandem with the construction of the Coonagh to Knockalisheen, which is critical in the plans for regenerating the northside of the city
“Works on the road are due to begin in the New Year. The social and economic dividends that the Coonagh campus will bring to the northside of the city are based in large part on how the road will open up that side of the city. The campus itself, as it develops, will orient itself toward the new road, helping to transform the northside in a very real way.”
“I’m also delighted that during the construction phase 134 jobs will be created, giving the sector a much needed boost.”