Irelands North West City Region - Investment
Centered around the dynamic Derry-Letterkenny City Region, Ireland North West stands as a premier investment hub for global businesses looking to access both UK and EU markets. The North West City Region (NWCR) comprises Donegal County Council Area and Derry City and Strabane District Council Area. The region, with a combined population of 317,840, is the fourth largest urban cluster on the island of Ireland. With its thriving business environment, ease of doing business, and abundant talent pool, our region offers an exciting proposition for investment and growth. As a cross-border region with a unique strategic location, Ireland North West provides businesses with unparalleled stability and options, making it the location of choice for establishing and expanding operations. Investors can rely on the region’s strong foundation, firmly rooted in both the UK and EU, to make informed and secure decisions for the future.
Centered around the dynamic Derry-Letterkenny City Region, Ireland North West stands as a premier investment hub for global businesses looking to access both UK and EU markets. The North West City Region (NWCR) comprises Donegal County Council Area and Derry City and Strabane District Council Area.
The region, with a combined population of 317,840, is the fourth largest urban cluster on the island of Ireland. With its thriving business environment, ease of doing business, and abundant talent pool, our region offers an exciting proposition for investment and growth.
As a cross-border region with a unique strategic location, Ireland North West provides businesses with unparalleled stability and options, making it the location of choice for establishing and expanding operations. Investors can rely on the region’s strong foundation, firmly rooted in both the UK and EU, to make informed and secure decisions for the future.
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PRIME LOCATION:<br />
COMPETITIVE ADVANTAGE<br />
A region distinguished by a highly educated and skilled workforce, coupled<br />
with a pro-business environment and a local government dedicated to<br />
driving regional economic growth<br />
The <strong>North</strong> <strong>West</strong> <strong>City</strong> <strong>Region</strong> has earned an international reputation as a high-quality, costcompetitive<br />
location, offering a highly educated and skilled workforce within a pro-business<br />
environment. Supported by a local government committed to economic growth, the region has<br />
seen over 7,000 jobs created through foreign direct investment and the expansion of existing<br />
companies between 2015 and 2024. With company registration taking just 24 hours, now is the<br />
ideal time to invest.<br />
OFFICE COSTS (PRICE £ / € PER SQUARE FOOT, Q1 2024)<br />
£18.61 / €21.19<br />
“OneSource Virtual set up in<br />
Derry despite fierce competition<br />
from other cities. By establishing<br />
our European operations here,<br />
we are in a stronger position<br />
to target opportunities within<br />
the UK and Europe and expand<br />
sales and ensure future business<br />
growth.”<br />
OneSource Virtual – IT<br />
+3%<br />
+5%<br />
+8%<br />
+52%<br />
+53%<br />
+59%<br />
+170%<br />
£54.52 / €62.06<br />
£175 / €199.19<br />
“Our highly talented team at<br />
the Letterkenny centre has<br />
seamlessly integrated with our<br />
global delivery network, winning<br />
assignments from clients all<br />
over the world across multiple<br />
industry segments and driving<br />
our business expansion.”<br />
Deepak Chaudhari,<br />
Country Head for TCS Ireland<br />
12.5%<br />
CORPORATION TAX IS LOWEST<br />
IN WESTERN EUROPE<br />
OPERATING COSTS ARE AMONG<br />
THE MOST COMPETITIVE IN EUROPE<br />
9.7%<br />
AVERAGE LEVELS OF STAFF<br />
TURNOVER ACROSS ALL KEY<br />
GROWTH SECTORS (IBEC HR REPORT 2024)<br />
GEOGRAPHIC ADVANTAGE WITH<br />
TIME ZONE CENTRALLY LOCATED<br />
BETWEEN MAJOR GLOBAL MARKETS<br />
DUAL MARKET ACCESS TO BOTH<br />
THE EU SINGLE MARKET AND THE UK<br />
7 IRELAND NORTH WEST YOUR GATEWAY TO GROWTH
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