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

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<strong>Economic</strong> Impact <strong>of</strong> <strong>Ireland's</strong> <strong>Historic</strong> <strong>Environment</strong><br />

<strong>The</strong> approach to measuring the aggregate level <strong>of</strong> economic activity attributable to <strong>Ireland's</strong> historic<br />

environment is centred on an income expenditure framework, with this used as the basis for modelling<br />

direct, indirect and induced impacts, and for each <strong>of</strong> three major historic environment components (Figure<br />

1).<br />

Figure 1 <strong>Economic</strong> Impact Components: <strong>Ireland's</strong> <strong>Historic</strong> <strong>Environment</strong><br />

Construction/Built<br />

<strong>Heritage</strong><br />

„Inner Wheel‟ <strong>of</strong> HE<br />

Sector<br />

Tourism<br />

Direct repair and maintenance<br />

output in relation to pre-1919<br />

building stock<br />

Direct employment,<br />

expenditure and income<br />

Direct tourism expenditure by<br />

tourists principally attracted to<br />

Ireland by the HE<br />

Less expenditure on<br />

conservation/repair/<br />

maintenance; grants and<br />

income from visitors<br />

(admission and retail)<br />

Indirect and Induced effects<br />

(Irish I-O tables)<br />

Total economic impact<br />

Source: Ecorys (2011)<br />

In summary (Table 1), the economic impact analysis demonstrates that:<br />

<strong>The</strong> historic environment is a highly significant contributor to <strong>Ireland's</strong> national economy, directly<br />

supporting almost 25,000 FTE jobs.<br />

Including indirect and induced effects, it is estimated that the historic environment sector supports<br />

approaching 40,000 FTE employment positions in Ireland.<br />

In terms <strong>of</strong> contribution to national income, <strong>Ireland's</strong> historic environment is estimated to account for<br />

some €1.5 billion annually to the nation's Gross <strong>Value</strong> Added (GVA).<br />

iii

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