Construction BUSINESS

Grand Canal Innovation District Planned For Dublin

 Breaking News
  • €100 Million Investment For Four Capital Developments at Trinity College Dublin Teaching, research and student accommodation at Trinity College Dublin will be transformed over the next two years with the backing of a €100 million long-term European Investment Bank (EIB) loan for four capital developments across the campus. This will include the flagship E3-Engineering, Environment and Emerging Technologies initiative at Trinity. Central to the vision of E3 [...]...
  • British Construction Market Growth Prompts Investment by Garage Doors Garage Doors in Ballymena is recruiting 17 additional staff to help deliver growing sales across Great Britain. The family business is a leading manufacturer of bespoke garage doors and is expecting its sales to grow by 50 per cent over the next three years due to a buoyant UK construction sector. Speaking about the investment, Peter [...]...
  • Fingal County Council Prepares to Roll Out €588 Million Capital Programme Over Next Three Years Fingal County Council has approved the drawdown of an €8 million loan from the European Investment Bank (EIB) as it prepares to roll out its ambitious €588 million Capital Programme over the next three years. Last December. Fingal County Council signed an historic agreement with the EIB to secure a €70 million loan facility to support [...]...
  • Kingspan Joins Science Based Targets Initiative to Reduce Greenhouse Gas Emissions Kingspan Group, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has joined over 370 companies worldwide in committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative is a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon [...]...
  • Majority of Irish People Planning Home Improvement Projects Two-thirds (67%) of Irish adults are planning on renovating or redecorating their homes within the next 12 months, according to a survey carried out behalf of Hardware Association Ireland, supporting the association’s call for the Government to expend the Home Renovation Incentive Scheme. Of those planning work, almost one-third (31%) expect to spend more than €5,000 [...]...

Grand Canal Innovation District Planned For Dublin

Grand Canal Innovation District Planned For Dublin
July 20
09:05 2018

A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. A memorandum of understanding has been agreed between Dublin’s universities and a special government-led advisory group established which is aimed at developing the new district which will include the proposed development of a new €1 billion Trinity campus at Grand Canal Quay.

Speaking about the initiative, An Taoiseach, Leo Varadkar TD said: “I am really excited about this plan to further develop the Silicon Docks as an Innovation District involving a collaboration of business, Government and the university sector. It speaks eloquently to our vision of making Ireland the tech capital of Europe and our plans to ensure that the jobs of the future are created first here in Ireland. The development of the District will also help to ensure the continued balanced development of the area to the benefit of the local community.”

“Many high-tech companies already have their European headquarters here, we have a young and talented workforce, a consistent and competitive corporation tax regime and a strong reputation for attracting and encouraging investment. However, we can’t take this for granted and we always need to look at ways to improve Ireland’s competitive edge.”

“We have to ask ourselves; how can we market Ireland and Dublin as the ideal location for the next wave of investment? As the world changes around us, we must continuously adapt and future-proof our economy. The development of the Grand Canal Innovation District is an exciting opportunity to build a world-class innovation district where companies, researchers and entrepreneurs link up, to identify new products or services and discuss how they might be brought to market.”

At the heart of the planned innovation district is a planned €1 billion campus which will be built and financed by Trinity in collaboration with industry, debt funding entities and other sources of funding.

The Provost of Trinity, Dr Patrick Prendergast, said:“The presence of a world class university at the heart of the Grand Canal Innovation District will be the catalyst for collaboration and partnership between industry and universities. I am therefore delighted to announce that Trinity has decided after much thought to commit to taking the historic step of developing a second campus dedicated to technology and innovation on a designated site adjacent to Grand Canal Quay and Macken Street in the heart of the district. This 5.5-acre site is ideally suited to the proposed use and will transform the existing area.”

Dr Prendergast said the involvement of the local community living in the Grand Canal area will be a key factor: “Working closely with the local community, a campus of style and impact, with open spaces, ease of access and new retail spaces and services will spark further urban regeneration in the area as well as create educational and employment opportunities for all those living in close proximity to the district.”

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • October 17, 2018SAIE - International Building
  • October 18, 2018Interieur 2018
  • October 24, 2018Artibat
  • October 24, 2018London Build 2018
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements