Economic Value of Ireland's Historic Environment - The Heritage ...

Expenditure by the sector's 'inner wheel' – across a range of conservation-related activities (either directly
or in the form of grant awards) serves as an economic stimulus and, in turn, is translated into economic
impacts within the wider Irish economy. Earlier discussion in Section 3 of the report served to provide an
overview of the activities, operations and expenditure budgets of the core sector organisations. On the
basis of available information, and after making suitable allowance for overlaps in funding and
expenditure sources (including, notably, funding from DEHLG/ DAHG) we cautiously estimate the annual
net expenditure (or output) corresponding to core historic environment sector organisation amounts to
approximately €91m (2009 figures 24 ).
Multiplier effects, corresponding to indirect and induced impacts, may be calculated on the basis of the
input-output tables 25 developed for the Irish national economy, and which highlight the nature of interindustry
flows.
In this way total employment and GVA effects may be derived according to ratios
calculated from the Irish Input-Output tables.
Indirect and induced effects accruing from the direct
economic activity within the 'inner wheel' of Ireland's historic environment sector are presented in Table
4.1 below:
Table 4.1 'Inner Wheel': Economic Impacts
Direct
Indirect/
induced
Multiplier
Total
Output (€m) 91.0 46.2 1.51 137.2
Employment (FTE) 1,156 690 1.60 1,847
GVA (€m) 52.0 35.7 1.69 87.7
Source: Ecorys analysis, incorporating Irish Input-Output tables
In summary:
Including indirect and induced effects, it is estimated that the 'inner wheel' of the historic environment
sector supports approaching 2,000 (1,847) Full Time Equivalent (FTE) employees in Ireland.
In terms of national income, the 'inner wheel' of the historic environment is estimated to contribute
approximately €90 (88) million to Ireland's GVA.
4.3 Built Heritage Construction Sector
Substantial amounts of money - private and public - are spent every year on maintaining and conserving
Ireland's endowment of historic buildings and structures. However, reflecting the fact that construction
work specifically related to the built heritage does not fit neatly into traditional industry classifications,
24 Annualised figures, based on the most recent full year for which financial figures are available for these
organisations.
25
Supply and use and input-output tables for Ireland 2005, Central Statistics Office (CSO). Input-output tables
provide a detailed representation of the transactions of goods and services in the economy. They highlight the interindustry
flows that lie behind the Irish national accounts.
19