Minister Heather Humphreys today announced that IDA Ireland has selected Monaghan as the location for a new Advanced Technology Building (ATB) and appointed a design team.
The development is part of IDA Ireland’s wider Regional Property Programme (RPP). The programme funded by Government was announced in 2015 as part of IDA Ireland’s strategy "Winning FDI 2015-2019" to develop property solutions in regional locations.
As part of its regional focus, IDA Ireland is investing €150m over five years. As part of the RPP, advance buildings were constructed completed and occupied in Athlone, Waterford, Sligo, Tralee and Castlebar with approximately 700 jobs announced.
The new c.1,350 sq. metre property is to be located, subject to planning permission, at Monaghan Business & Technology at Knockaconny.
IDA Ireland is continuing the programme with buildings under construction in Dundalk, Limerick, Galway and Waterford which are scheduled for completion this year. Additional funding was allocated in Budget 2019 for the next phase of the programme, for which Monaghan is included along with counties Louth, Carlow, Sligo, Westmeath, Waterford, Limerick and Galway.
IDA Ireland’s Executive Director, Mary Buckley said, "The positive precedent set by IDA Ireland during the pilot phase of our property programme, supports this additional and ambitious new programme which includes an ATB in Monaghan. IDA Ireland’s advanced building solutions offer ready-for-occupation, high specification, flexible and sustainable property solutions, suitable for high value manufacturing and global business services to support the winning of investments from FDI clients."