Donegal County Council is submitting plans to develop a key city center site in Letterkenny with the construction of two multi-story buildings that could create nearly 500 jobs at an estimated cost of € 20million.
The board in partnership with Donegal 2040 Strategic Development Designated Activity Company (DAC)
considering supporting businesses and high-tech innovation in the city by develop the 1.1 hectare former ESB premises at Pearse Road and Ramelton Road.
Plans call for the demolition of the former business and office premises of ESB and the construction of a new 1,620 square meter building, as well as the construction of an 8 storey building of 4000 square meters. The two buildings would include offices and research and development facilities.
The board says he’s already got funding of € 3.66 million from Enterprise Ireland’s Border Enterprise Development Fund (BEDF) for the Alpha Innovation Center, which it will co-finance. The total value of Alpha Innovation Center’s capital is estimated at around € 6 million with the creation of 200 new targeted jobs.
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The board said the Alpha Innovation Center “will drive the development of a specially designed high-tech workspace in Letterkenny town center which will include a tailor-made pre-accelerator program for early-brained entrepreneurs as well. than a comprehensive support program for businesses. ”.
It was developed in consultation with IDA, Enterprise Ireland, LYIT and Letterkenny Chamber of Commerce.
The total capital value of the Beta Business Center is estimated at around € 14 million and the creation of 285 new jobs has been targeted.
The proposed Beta Business Center will use state-of-the-art offices to help businesses “looking for a soft landing site when establishing a base in Ireland, or looking for ‘a second location in light of Brexit or indigenous businesses looking to expand their operations’.
The board says the project involves a partnership with Catalyst, a company with over 20 years of experience in successfully implementing support programs across Northern Ireland. “The collaboration will see Catalyst expand its offering throughout the Northwestern City region, where appropriate programs are identified in partnership with local stakeholders,” the council said.
The project, which is part of the larger urban regeneration program known as Letterkenny 2040, also includes the construction of a public space comprising pedestrians and cyclists, infrastructure, landscaping and a courtesy car park suitable for people with disabilities and the elderly.