Ibec warning: ‘Housing shortage hits business expansion’

Ibec warning: ‘Housing shortage hits business expansion’
A housing development in Carrigtwohill. Ibec say a lack of similar projects is causing a slowdown in business expansion in Cork.

THE HOUSING shortage in Cork is causing a slowdown in business expansion, according to a leading business representative group.

Ibec has said that the progression of key infrastructure projects is vital for Cork’s future and to enhance growth and job opportunities in the region.

They met with senior management from Cork County Council to discuss policy measures aimed at making Cork a better place to live and work.

Attending the meeting, Ibec Senior Regional Policy Executive, Helen Leahy said: “Housing supply is a challenge making business expansions increasingly difficult. Attracting workers will only be possible with a strong policy focus on quality of life issues, such as housing availability and affordability.

“We must continue to implement policies that will best position Cork to capitalise on its economic potential. Our ambition is to increase the supply of affordable housing, deliver the right infrastructure, overhaul the regime for planning consents and appeals, and embed sustainability in development activity. These policies are necessary to enhance quality of life and ensure the Cork region can grow sustainably.”

Ibec also highlighted a series of roads projects as crucial, including the Dunkettle Interchange, the M20, the Macroom to Ballyvourney, the Cork Northern Ring Road and the N28 Cork to Ringaskiddy road.

Ms Leahy added: “The upgrades will lead to many direct and indirect benefits for Cork, including increased commercial and business links, increased talent pool for businesses, significant positive effects on productivity, more efficient and cost-effective movement of people and goods with safer and shorter travel times.”

The Ibec Cork Regional Executive Committee also proposed the development of the city docks and Tivoli, the support of urban renewal and the targeting of infrastructure that will unlock large-scale housing developments.

They called for an overhaul in the planning regime to ensure fewer delays to crucial projects and urged the speedy awarding of the National Broadband Plan contract to deliver high-speed broadband.

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