SMEs & Cluster Potential in LimerickSMEs & Cluster Potential in Limerick

Future Proofing Opportunities

Dr. Pat Daly

Di t f E i D l t & Pl iDirector of Economic Development & Planning

Limerick City & County Council

3rd International Cluster Conference Conference Sept 30th/Oct 1st, 2015 - Limerick, Ireland

Presentation Overview Presentation Overview 1 Limerick Economic Context1. Limerick Economic Context

2 Limerick 2030 Economic & 2. Limerick 2030 Economic & Spatial Plan – A New Cluster?

3. SMEs & Emerging Cluster OpportunityOpportunity

Limerick 2030 Strategic FrameworkLimerick 2030 Economic & Spatial Strategy will...

•Deliver 12,000 new jobs by 2030 (5,000 in City Centre) through projects outlined in Limerick 2030

Focus

...

Centre) through projects outlined in Limerick 2030 Plan & Regeneration Framework.

•Accelerate strategic planning & sites delivery to F •Accelerate strategic planning & sites delivery to position for FDI & Indigenous investment & open up innovation networks for job creation and social development.

el

Innovation Fund€ 750 M______________

InvestmentsSpatial Plan Marketing PlanEconomic Strategy

12,000 Jobs______________

7 Strategic  Sites Strategic  & Corporate _________________M k & b d

Mod

e

Venture CapitalEU FinancingVC & Syndicate FundsPension Funds

5,000 in CityKey sectorsFuture Skilling X2 Start‐upsX2 Expansions

_________________Investment infrastructureInnovation ecosystemFuture ProofingPPPs/Clusters

Market & rebrand‘contatgion’Sells  ambitionPartnership

ucture

Dynamic Partnerships‘Charter’

LCCC ‐SPCPPPsSPV

Council Leadership  ‘E i i ’

Stru

CharterEconomic Forum

SPVsJVs

‘Enterprising ’

High Value Food and Drink

PharmaICT/Electronics

d bICT/Electronics

Engineering & High Tech

Logistics and DistributionBusiness and Professional ServicesEngineering & High Tech 

Manufacturingd

ServicesTourism, Sport and Leisure

Med TechCultural, Creative and Digital Media

Food & Agri Tech

Limerick for IT InitiativeLimerick for IT Initiative

• The Limerick 2030 Plan calls for “[a]n• The Limerick 2030  Plan calls for  [a]n employer led sector‐specific skills project‐linked to Limerick’s growth sectors.”

• In January 2014, in response to this key challenge, major industry in the Limerick region, including General Motors, Johnson & Johnson and Kerry Group, together with the U i i f Li i k h Li i k I iUniversity of Limerick, the Limerick Institute of Technology, Limerick City & County Council and IDA Ireland, formed a unique IT skills partnership ‘Limerick for IT’. 

• Since its establishment the initiative has created over 200 high skilled IT jobs and has been acknowledged as a major FDI skills g jinnovation. The FDI  industry in Limerick believes that the initiative has the potential to create 1,000 IT jobs in the next 3 years. 

Limerick –National National City of Culture 2014€10m investment in 2014

Limerick –National City of Culture

€44m generated for the local economy3000 events with 156 Made in Limerick projects2500 Limerick artists involved

2014

European Capital of Culture Bid CitySignificant stakeholder investment in bid3rd level academic engagement playing an important part

First stage of bid is completed in September 2015 

Mid West Action Plan for JobsMid-West Action Plan for Jobs

Limerick has really big ambitionsLimerick has really big ambitionsAnd luckily has no inhabitionsAnd luckily has no inhabitionsSo if your looking to Network

Or muster a ClusterThen give us a chance to audition!!Then give us a chance to audition!!

Thank you for your AttentionThank you for your AttentionEnjoy your Day!j y y y