Limerick s Live 95
Search By Live95 News Team via Getty Images The latest EY Economic Monitor for Limerick has revealed there is some cause for optimism despite major and unprecedentent disruption caused by Covid-19.
The biannual report shows Limerick has shown resilience during the pandemic, with a key indicator being the creation of 860 new jobs and 194 start-ups to end of the first quarter of 2021.
Another positive was that residential investment from August to end of February was €250m.
The report found that Limerick has performed relatively well compared to other counties during the pandemic, however, the impact of COVID-19 has been dramatic, with 16,433 people in receipt of PUP and 10,659 people in receipt of the Employment Wage Subsidy Scheme as of 22 Feb 2021.
Limerick s resilience during Covid-19 highlighted in new report
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THE number of new job announcements in Limerick during the first quarter of this year exceeded the figure for the same period in 2020, a new report has found.
A total of 860 new jobs were announced in the first three months of 2021 - representing a 217.3% year-on-year increase.
According to the latest Limerick Economic Monitor, 520 of the new jobs are full-time positions.
The biannual report, which is prepared by EY for Limerick City and County Council, reveals that despite the unprecedented challenges of the past year, Limerick has shown resilience during Covid-19.
Council launches pilot scheme to provide starter homes to Limerick buyers
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LIMERICK City and County Council has announced it s to pilot a new scheme which will allow people to buy new starter homes at a discounted price.
The Incremental Purchase Scheme is targeted at working households currently in private rented accommodation who may be on HAP, RAS or social leasing.
A new build home can be purchased at a discount price (between 40% and 605) depending on the purchaser s income band.
The two locations where the scheme is being piloted in Limerick are housing developments at Main Street, Pallaskenry and at Old Cratloe Road/ Redgate Road in Limerick city.
Limerick s Live 95
Search By Live95 News Team Limerick City and County Council is piloting a scheme which will allow people to buy a starter home at a discounted price.
The Incremental Purchase Scheme is targeted at working households currently in private rented accommodation, who may be on HAP, RAS or social leasing.
A new build home can be purchased at 40 - 60% discount, depending on income.
The two locations where the scheme is being piloted are housing developments in Main Street, Pallaskenry and the Old Cratloe Road/Redgate Road area on the outskirts of the city.
For the Main Street, Pallaskenry scheme, eight out of 16 homes being constructed are available and prices will start from €106,000 – €162,000 for a three-bedroom semi-detached home.
Lidl confirms major investment and jobs boost for Mid-West By Live95 News Team Lidl has confirmed a €20 million investment boost into Limerick stores which will create 65 local jobs.
The major supermarket chain confirmed its investment plans for 3 stores in the area.
The company have said that hundreds of additional roles will also be created during the constructions and fit out phase.
Reinvestment in a rebuild project for Dublin Road Lidl has resulted in five new roles at the outlet and the store is due to reopen June 3rd.
A further 30 permanent jobs will also be created after Lidl recently received planning permission to build a new store on the Dock Road.