Chapter 3 - Economic and Community SWOT Analysis
A SWOT (Strengths, Weakness, Opportunities and Threats) Analysis is presented below. This informs the preparation of the draft Socio-Economic Statement for Limerick and the High Level Goals and objectives of the LECP.
Figure: Economic and Community SWOT Analysis
Strengths |
Weaknesses |
Opportunities |
Threats |
Social / education Good education infrastructure at primary, secondary & tertiary level Low rates of early school leaving and high rates of progression to third level education Presence of third level institutions (UL/TUS/MIC), ensures a supply of graduates & research capacity (SFI centres) Third level education institutions located in Limerick facilitates access to 3rd level education Highly educated and skilled workforce Economic / Jobs & sectors Significant growth in jobs New job announcements and investment in recent years Low overall unemployment Established high-tech sectors in ICT, Medi-Tech, Pharma, Advanced Manufacturing & Engineering, Food & Drink Strong agricultural sector / system of farming & agri-industries including artisan food New and emerging sectors (film) & cultural industries Strategic economic projects / in place Limerick Twenty Thirty Company strategic projects completed including Gardens International & sites for redevelopment in Limerick City Centre Established economic centres / industrial parks in Plassey & Raheen “Gateway city” of strategic importance in the national & regional context Connectivity & Transport Global and national trade and tourism connectivity via Shannon Airport, Shannon Foynes Tier 1 port, Shannon Estuary and Limerick Docklands Motorway accessibility to other urban centres especially Dublin & planned N/M20 to Cork to enhance connectivity Key infrastructure developments including the N21/N69 Foynes to Limerick Road Improvement Scheme including Adare Bypass, LNDR Limerick North Distributor Route connect N18 to M7 and Newcastle West Bypass, Abbeyfeale Bypass & re-instatement of Limerick-Foynes rail for freight New broadband BCPs and WiFI initiatives throughout the County Community / Quality of Life Generally short commuting times to work/school/college High levels of community safety linked to community policing and CCTV Historic, heritage, recreational and cultural tourism assets in the city & county & tourism networks Natural assets including the River Shannon & Ballyhoura mountains Strong sporting culture (Munster Rugby, GAA and soccer), sports science facilities and services and education and sporting facilities Amenities for recreation and play have expanded in Limerick Greater cultural diversity in the population Large young population High percentage of people in good or very good health Well-developed community organisations, strong community spirit and attachment to local areas Clubs, activities and facilities for young people with a profile of disadvantage in the city & county towns
Tourism Tourism assets including Munster Vales and Ballyhoura Country, Lough Gur, Curraghchase Park, Limerick Greenway and Shannon Estuary Way Distinctive City Centre environment including Georgian character Energy resources Availability of renewable energy resources and technologies to contribute to Ireland’s commitments to climate change (targets), creation of low carbon communities and centres of learning and commerce Institutions & partnership A number of important “anchor” institutions located in Limerick City including third level colleges (UL, TUS) & HSE University Hospitals Collective approach and partnerships across key stakeholders in public, community / voluntary and private sector
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Social / education Significant number of adults with low education across city and county Early school leaving has reduced to approximate the national average, but a cohort of young people with certain characteristics still leave school early Gap in progression rates to third level education between schools serving disadvantaged areas (DEIS schools) and non-DEIS schools Gap in retention of students graduating from third level colleges in Limerick remaining in Limerick / the region when they progress to employment Physical decline / vacancy Decline and loss of vibrancy in streets in Limerick City Centre and county towns Commercial, retail & residential vacancy rates high in the city centre, county towns & villages Movement of retail away from City Centre Increasing online retail platform affecting “bricks and mortar” stores, retail trade & footfall into the city and towns Social & economic deprivation Large numbers (20,000) and proportion of Limerick City population living in disadvantaged areas & greater extremes of social inequality in the city High unemployment & unemployment blackspots in disadvantaged city areas and parts of the county Pockets of deprivation in the county, in social housing areas of towns and villages & “hidden” deprivation in rural areas Social and economic deprivation deeply embedded in areas of the city (e.g. long-term unemployment, low education, poor health, youth offending, poorer outcomes for children) Social groups at highest risk of exclusion Presence of social groups that are at highest risk of social exclusion and more difficult to reach and engage (migrants in / leaving Direct Provision, migrants lacking English language skills, Travellers, people with disabilities, people with mental health difficulties, older people living in isolation and families under pressure) Digital exclusion Evidence of digital exclusion affecting certain social groups – people on lowest incomes, people with low education, older people, people living in rural areas lacking broadband infrastructure and connectivity Challenging social problems Concerns related to high levels of substance misuse in the population Increase in offences related to possession of drugs for personal use and for sale of supply & in other crimes associated with drug use (theft) Housing & responding to housing need Limited housing availability for purchase or rent especially in and close to the urban area High and increasing costs of house purchase and rents Housing supply deficits in Newcastle West Large numbers in social housing need Strong dependence on private housing rental market to address social housing need (HAP/RAS) Additional pressures linked to accommodation needs of refugees / people arriving under International Protection Significant numbers and increase in number of adults and children homeless and in emergency accommodation Settlement structure & population dispersal Large number of settlements, predominance of low settlement size and highly dispersed population in rural Limerick makes it more costly to deliver infrastructure & services, provide recreation based on population catchments & difficult to deliver climate action measures Transport & the “green” challenge Strong reliance on the car for everyday commuting (work, school, college) & car-centred society Insufficient investment in public transport, low frequency of services across rural Limerick, lack of routes / services, difficulties in cross-commuting to locations of work across the city neighbourhoods High level of energy inefficient buildings and dependence on fossil fuels in the domestic and non-domestic stock of buildings Sustainability and climate change Lack of societal awareness on sustainable development challenges and what actions can yield best results in mitigation and adaptation Lack of development of the circular economy Recreation & Sports Deficits in certain recreation facilities in different parts of city and county including swimming, access to smaller parks and recreation space, playgrounds Improvements needed to enhance much of the existing sports and recreation infrastructure |
Strategic plans, structures & sites New Limerick Development Plan 2022-2028 focused on achieving an inclusive, resilience and sustainable “green” city and county Limerick Twenty Thirty sites in public ownership and re-development progressing, including Opera Square (in construction), Mungret and Cleeves Riverside Quarter (masterplan completed, planning) National and Regional Planning Frameworks in place & significant national funding available for regeneration and development in urban and rural Limerick National level policies & frameworks to support social inclusion, anti-discrimination, equality and social justice Building on strategic economic resources Established centres of employment in strategic locations continuing to expand including Plassey National Technology Park, Raheen Industrial Estate, Troy Film Studios & Academy in Limerick City Centre Strong presence and range of multinational and national employers creating a diversified & resilient base & significant job expansion potential Strong base in ICT, Life Sciences (Med Tech/ Pharma) and advanced manufacturing supporting stronger clustering and expansion Strong third level presence in Limerick with R&D Innovation profile, links to industry and enterprise & with potential for niche industries development Social diversity, social and economic inclusion Increasing social diversity expands & enriches our culture, brings new knowledge, talents, skills and potential to expand the labour force & enterprise Pool of people currently in economic & social deprivation provide a potential source of skills, workforce and enterprise Increasing life expectancy, older population in good health with potential to contribute to family, community life, volunteering and the economy Locational, Competitiveness & Quality of Life Advantages Limerick is a cost competitive environment compared with other larger urban areas in Ireland especially Dublin Limerick amongst the best located counties in national access transport & connectivity Limerick County well located in terms of distance from key public (schools, hospitals, public libraries) & private / consumer services Learning, training, research and development and innovation reputation established and expected to expand Further potential for start-ups & development of micro- & small enterprises in urban and rural Limerick (tourism, services, cultural and creative industries, artisan food) Agriculture & related industries Agricultural sector with resources, technologies and capacity to adapt to green production and spin-offs (green energy), expand local food production and improve food security Established local markets (Milk Market) and local farmers market Transport / active travel Investment in active travel and public transport started and expected to increase considerably including new / extended of Greenways into the urban and sub-urban areas and inter-county Limerick Greenway (40km) fully developed and operational, expanding into north Kerry & showing significant increase in use by locals and visitors Castletroy Greenway operational and other greenways planned Tourism resources & unrealised tourism potential Limerick Greenway opens up opportunities for expansion of rural tourism into west Limerick & on-going public and private investment in tourism infrastructure Wild Atlantic Way Gateway designation for Limerick supports expansion of tourism in the city and sub-region Tourism assets being developed further & marketed in the City including Thomond Park, King John’s Castle, The Hunt Museum, The Limerick City Gallery of Art, the International Rugby Experience Under-used historic & physical assets in City Centre & important heritage, cultural sites, natural landscapes & recreational potential in rural Limerick Designated Activity Company for spearheading tourism developed established by Limerick City and County Council and operational Culture & creative industries Culture and the night time economy further developing Artistic & creative profile in film, fashion, music, literature of Limerick with strong potential for expansion Potential for building on / growth in festivals and events Digital connectivity & services & potential impact Development of Broadband Connection Points (BCPs) and Connected Hubs in rural areas and increased opportunities for remote working improves potential for regeneration of rural towns and villages Expansion of broadband infrastructure and connectivity across rural areas and in other communities increases opportunities for learning using online platforms
Area-based regeneration & placemaking Government focus on compact growth & public funding for reduction in vacancy and dereliction creates conditions for re-use of existing buildings for residential, economic and community uses & regeneration Landbanks and buildings in public ownership including derelict / vacant buildings in the ownership of the Council provides opportunities to re-design area / re-purpose city / town and village centres for 21st Century living “Green” transition opportunities Transition to a low carbon society and economy creates opportunities for increased investment (FDI/indigenous) in energy generation and energy security Retrofitting and improving energy efficiency of buildings offers opportunities for up-skilling and re-skilling, new job opportunities for unemployed people and for social enterprise Circular economy, local grow your own food and markets offer opportunities for urban and rural community enterprise
Sport & Recreation Opportunities to activate passive green space for recreation and play and create nature areas Opportunities to develop bio-diversity corridors along walkways and cycleways Community & voluntary sector – building out from current strengths Community and voluntary groups with capacity for further development, enriching civic life Potential to build on successes of voluntary and community groups in development and running of community centres, social enterprise and services |
External influences & economic Changes to international corporate tax reduce Ireland’s competitiveness for attracting FDI Strong competition from other areas (Dublin, other cities and other local authority areas in the state) for investment and R&D and Innovation more established in other centres Risk that economic recovery does not continue / recession ensues and difficulties of adaptation in the local economic due to faster cycles of economic growth and decline in the global economy Supply chains bottlenecks, continued cost inflation in commodities, energy, food supplies impact on cost structures in all industries and services and increased cost of living Continuation of the war in Ukraine, onset of other international crises resulting in uncertainties and new challenges (migration, housing, health care) COVID-19 pandemic is followed by new variants dampening growth during 2020s Workforce not expanding to meet labour market demand & skills not meeting employer / industry needs impacting negatively on FDI and business expansion Vacancy & dereliction & regeneration High level of commercial and retail vacancy in Limerick City and main County towns remains to “blight” progress in city / town centre regeneration Key employers roll-back on remote working arrangements & social, economic and climate change benefits of this work pattern not being achieved Remote working / Digital Hubs in rural towns and villages do not develop a sufficient user base to make them self-sustaining and impact on village / town renewal is not achieved Complexity of dealing with issues of vacancy and dereliction including ownership / legal issues and re-development of protected structures are difficult to resolve, resulting in delays in delivery and significant cost increases Housing supply / demand & key social infrastructure delivery Insufficient housing supply to meet existing need and challenges in meeting future demand act as a barrier to growth Negative social and community effects of lack of housing supply (migration of young people from Limerick, lower growth in population, social and financial pressures on young people and families, imbalance social structure in communities, additional issues in addressing accommodation needs of people arriving under International Protection) Lack of capacity in water infrastructure and waste water treatment is a current constraint to population growth in certain towns and villages in Limerick & needs significant public investment Slow roll-out / delays in key strategic infrastructure projects – National Broadband Plan, road and rail, public transport, active travel, housing Childcare, health & social services Access to & cost of childcare may act as a barrier to labour market participation Increasing demand for social care, elderly care and other types of social and health services not met with increased resources Larger numbers in the population living with chronic illness and requiring services in communities and health settings put increased pressure on services Lifestyle-related factors associated with poorer health not reducing (obesity, substance misuse, high risk behaviours) putting pressure on health services Difficulties in access to health, special education, social care and other social services (family support, addiction services) increases pressures on families and results in social exclusion Social and health inequalities widen Disadvantaged areas and social groups do not close the gap with the mainstream, social inequalities remain as people and groups are left behind, affecting social cohesion Inequalities in access to health care / new developments in health and management of chronic illness increase health inequalities Some local areas characterised by health inequalities, low education, long history of unemployment and welfare dependence resulting in deep structural problems which make successful revitalisation complex and difficult to achieve Continued increases in certain types of crime (e.g., drug crime, and drug-related crime) that impact negatively on community and personal safety and fear Social and cultural barriers to building integration across diverse communities in the city and the county not being progressed and negatively affecting social cohesion Digitalisation of economy, social life & services Cyber security, cyber safety and increase in cyber-crime present social challenges (protecting children) and economic costs (people, households, businesses, public services) Digital divide is not closed resulting in widening gaps in opportunities to access information, learning / education, public services and employment Green transition and targets behind Continued occurrence and frequency of extreme weather events with negative effects on the economy, areas affected / households / business / infrastructure and increase public costs Continued loss of bio-diversity and depletion of scare resources (water) Climate change outturn deteriorates in 2020s, requiring faster and deeper adaptation and mitigation measures Climate change action fails to achieve just transition approach with certain sectors and people taking a disproportionate negative impact, affecting buy-in and social cohesion Mis-match in location of jobs and where people live together and lack of development of “green” transport solutions affecting achievement of targets Societal and community awareness of climate change, adaptation and mitigation measures remains insufficient and the necessary changes in behaviours are not achieved Costs of transition – e.g., retrofitting, businesses and jobs with high levels of emissions – considered prohibitive or not realistic (e.g., sustainable travel) High risk of energy poverty for households on low incomes including older people, people from ethnic minority backgrounds, households with children Placemaking & community & voluntary organisation Amenities, recreation infrastructure and civic space development and maintenance not keeping pace with community needs and expectations Amenities and recreation infrastructure accessible within walking & active travel distances very difficult to achieve with population dispersal Ageing of volunteers in community and voluntary organisations, weaknesses in building new sources of community leadership impact on sustainability of community and voluntary operations in urban and rural Limerick Lack of diversity in volunteering roles – youth, migrants – and in boards and decision-making structures engaging communities |