Lower cost base in Ireland West make it attractive to companies

As businesses in the UK consider their options for a post Brexit world, the lower cost base in Ireland West make it attractive. Following in the footsteps of a whole new surge of tourists who have discovered the magic of the wild atlantic way of life or tasted the luxury of one of the world’s top castle resorts Ashford Castle at Cong, Claremorris where the Tollman family have invested €75 million restoring the former spendour of this 800 year old estate. Tourists, some arriving in their own private jets fly into Ireland West Airport Knock, which is just 20 minutes north of Claremorris to enjoy the fresh air and stress-free lifestyle. With so many multinational companies located in the west of Ireland, some towns now enjoy gigabit fibre internet infrastructure of a standard which is similar to that available in Dublin, London and California.

While the impact of a hard or soft Brexit is much debated, Ireland has very strong advantages when dealing with the global economy, from an educated english speaking workforce, to its membership of the EU and the euro area. The much lower cost base in Ireland West makes it attractive for companies looking to relocate. Two hours west of Dublin and a world away in terms of the high quality of life which it offers, Ireland West is the reason some companies have began to look at alternatives other than outsourcing to the east.

The Dublin rental market is boiling red hot with office rents nearing €65 per square foot and an average apartment likely to hit €2,500 a month. While tight property supply constrains Dublin’s appeal, the west of the country is experiencing a bit of a renaissance. Property prices are still very much affordable, with good quality office space available to lease or rent at €10 per square foot per annum and apartments to rent for €600 per month and its never been easier to get there.

Innovation House Claremorris can offer flexible office solutions with gigabit fibre internet for businesses looking to expand and the can-do attitude to make it happen.

N17 Commuter – Mayo Galway

More than ten thousand people “enjoy” their daily commute on the N17 between Mayo and Galway.

Contributing much to the western economy, these heroic commuters undertake a two to three hour return journey each day through the scenic West of Ireland.

Most of these commuters follow their “thoughts and dreams” along the famous Saw Doctors N17 route between Claremorris and Tuam. Others navigate the alternative N83 and N84 routes through BallyhaunisDunmore or Ballinrobe – Headford. Every day 21,310 vehicles funnel through Claregalway on the N17.

Many of these determined commuters work on the East side of Galway City in Parkmore or Mervue Industrial Estates. They originate from towns like Claremorris, Castlebar, Westport and even as far as Ballina and Swinford and also from counties Sligo and Roscommon. Starting out each morning while their families are still soundly asleep, they aim to reach Galway City between 7am and 9am to start their working day and generally won’t return home until 7pm each evening if they are lucky.

The Mayo-Galway commuter represent the largest traffic volumes in Connaught and traffic has been growing year on year. In addition to those travelling to work, another commuter group are patients making their way to the Galway hospitals and students attending NUIG and GMIT  and those travelling from Galway to Ireland West Airport Knock and to work in the larger Mayo towns.

Recent low oil prices have provided a welcome saving for these hardworking commuters. With the average spend on the family car being €10,600 per annum; it is not unreasonable to estimate that each of these Mayo-Galway commuters are paying as much as €3,000 in taxes per annum as a direct result of their daily commute. Contributing as much as €30 million per annum to government coffers in addition to their income tax payments, these commuters are beginning to see some relief for their money with the building of the M17 Motorway and the potential reopening of the Mayo-Galway rail line.

Every three years, these Mayo-Galway commuters work the equivalent of an extra year by spending 10 to 15 hours each week commuting. Often sitting in a stationary car, waiting for the traffic jam to abate in places like Tuam or Claregalway. Each commuter generates as much as 7 tonnes of CO2 emissions per annum and drink gallons of coffee while listening to radio stations as diverse as Mid West Radio and Galway Bay FM to iRadio, Newstalk and RTE.

Every hour saved on the commute is an extra hour to spend with family, walking, cycling or other pursuits. There is so much to see and do in Ireland West, but little daylight hours for these hard pressed commuters to enjoy during weekdays. Every hour is precious and by enabling travel at up to 120 kilometres per hour instead of the current crawl speed, every kilometre of motorway built along Ireland’s western arc greatly shortens the commute.