The ideal location for business

Ireland’s economy grew 5 times faster than the Eurozone average in 2015, at a rate of 7.8%;  and with the south east region already home to 70 foreign-owned multinational corporations, Wexford is attractively positioned to support further growth.

With developed sectors ranging from Financial Services and ICT, to Engineering and Medical Technology, Wexford offers a competitive cost base across commercial property, wage & salary rates and the cost of living.

Wexford simply offers more!


IRISH CORPORATE TAX RATE

GROWTH OF IRISH ECONOMY IN 2015

IRISH POPULATION UNDER 29

 32million_INVEST
SQUARE FEET OF LAND ZONED FOR BUSINESS IN WEXFORD

PRICE FROM PER SQUARE FOOT OF OFFICE SPACE IN WEXFORD

PRICE FROM PER SQUARE FOOT OF INDUSTRIAL SPACE IN WEXFORD

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currently available in Wexford

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Property options

Whether you are seeking to purchase, lease or design-and-build your own premises, we are confident that we can find a property solution that is right for your business.

Ranging from ready-to-go warehousing and commercial office space, to serviced sites and over 300 hectares of zoned undeveloped land parcels across the county, we  will work with you to determine how best we can meet your needs.

We work hard to provide appropriate and affordable office and industrial space within Wexford. We want to make it easy for businesses like you to choose Wexford.

Below you will see a range of exciting property projects currently underway around the county.

WEXFORD TOWN

Master planning of a nine-acre site on the banks of the River Slaney in Wexford Town. ‘Trinity Wharf’ will host a state-of-the-art marina along with high-end public realm space, commercial office and hotel developments.

GOREY TOWN

The construction of a 30,000 sq. ft. commercial office development less than 50 minutes from the M50 motorway. The new unit (one of three due to be completed) will deliver state-of-the-art modern office accommodation in the heart of this bustling town in North Wexford. This is perfect for those wanting an easy and scenic commute to/from the greater Dublin area.

ENNISCORTHY 

Just 70 minutes from Dublin, this development for a 15 acre site adjacent to the River Slaney in Enniscorthy is at master planning stage. The development will see a range of design-to-build serviced sites along with commercial office development in place. It will also be directly accessible from the extended M11 motorway, due for completion in 2018.

NEW ROSS 

A short 20 minutes from Belview Port and only 30 minutes from Waterford City, this site currently has full planning permission in place for two advanced technology buildings totalling 35,000 sq. ft. in size, located in the Butlersland Business Park, New Ross.

The rents speak for themselves!

Rents for office space in Wexford range between €10 and €16 per square foot.
Rents for industrial space in Wexford range between €1.50 and €32 per sq/foot.

These rates in Wexford are up to 40% less than the rates of rent in Dublin City.

Business costs

With a corporation tax rate of just 12.5%, the competitive cost base of Ireland sets out a compelling case for companies that are looking to relocate. Ireland is also ranked first in Europe for ease of paying taxes.1 Wexford and the South East region offers an attractive alternative to Dublin and has a proven track record in attracting business and investment, offering lower living, labour and commercial operating costs. Rents for prime office space in Wexford range between €10 and €16 per square foot2 and between €1.50 and €32 per square foot for industrial space. These rates of rent in Wexford are up to 40% less than Dublin City rates.
This is matched by access to a young, educated workforce and the fact that Wexford offers an excellent quality of life for the people who work and live here too.  Residential accommodation is very affordable, with the average house price for a three bedroom, semi-detached house being up to 48% cheaper than the Dublin region.3

Source: 1KPMG 2015.2Vacant Industrial & Commercial Land Study to Inform Wexford Local Economic & Communty Plan, 2015. Future Analytics & Lisney. 3Daft Property Report, 2016.

Competitive workforce

Ireland has a unique workforce and is ranked number one in the following areas: the ready availability of competent senior managers; flexibility & adaptability of people when faced with new challenges; and having a national culture open to foreign ideas.1 The young Irish workforce is capable, highly adaptable, mobile and committed to high-achievement.

Ireland has the youngest population in Europe with over 40% of the population under the age of 29.2 This is reflected across Wexford and the South East region whose population is one of Europe’s youngest and fastest growing. Over 35% of Wexford’s population is aged 25 or less and half the population is under the age of 35.

Our reputation as a key inward investment location is supported by the availability and calibre of a highly productive workforce. Companies in the financial services and life sciences sectors have credited the success of their companies to the people employed. They highlight their Irish workforce’s quality and flexible ‘can do’ attitude as their key asset.

Country Ireland France Norway Germany Sweden Belgium
Labour cost per hour €28.90 €34.60 €54.00 €31.40 €37.40 €39.00

Source: 1Eurostat, 2014 | Source: 2IMD World Competitiveness, 2015, key rankings | Source: 3Facts about Ireland, IDA Ireland, 2015

Country
Ireland
France
Norway
Germany
Sweden
Belgium
Labour cost per hour
€28.90
€34.60
€54.00
€31.40
€37.40
€39.00

Source: 1Eurostat, 2014 | Source: 2IMD World Competitiveness, 2015, key rankings | Source: 3Facts about Ireland, IDA Ireland, 2015

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Industry employment

The traditional economies of the Wexford region are built on manufacturing, agriculture, tourism, fishing and the aquaculture sectors.  Multinational corporations are concentrated primarily across Life Sciences and Medical Technology, Internationally-Traded Financial Services, ICT and Engineering.

Industry Category Number of business
address points
March 2014
% of business
address points
Agriculture, Forestry and Fishing 3397 35.3%
Wholesale and Retail Trade 1640 17.1%
Other Services 1008 10.5%
Accommodation and Food 1008 8.7%
Construction 503 5.2%
Human health and social work activities 424 4.4%
Professional, scientific, technical 385 4%
Manufacturing 321 3.3%
Education 287 3%
Administration and support service activities 228 2.4%
Transport and Storage 198 2.1%
Public Administration, Defense 95 1%
Financial and Insurance Activities 94 1%
Information and Communication 73 0.8%
Real Estate Activities 68 0.7%
Other Industry 57 0.6%

Major employers

With the Irish economy growing at a rate of 7.8% in 2015 (the fastest in Europe), businesses are encouraged to consider what Wexford and the South East region of Ireland has to offer. There are currently 70 foreign-owned multinational companies based in the region; employing a total of 12,445 people.1
International Financial Services, Life Sciences, Information Communication Technology (ICT) and Internationally-traded Services all feature strongly in Wexford’s business portfolio. Currently, there are 22 multinational companies located in Wexford which employ close to 3,000 people here.2

Source: 1 Annual Employment Survey, 2014 and IDA Ireland 2016. 2Wexford Socio-Economic Baseline Report, AIRO 2015.

Company Sector No. Employed
ClearStream Technologies Life Sciences 410
Datapac ICT 180
Irish County Meats Agri-Food 270
Wexford County Council Public 803
Equifax Financial
Sulzer Engineering 280
Waters Technology Life Sciences 250
Wexford General Hospital Health 750
Convertec ICT 40
BNY Mellon Financial
Enviromental Protection Agency Public 140
Innovate ICT 36
Danone Agri-Food 170
Sonru ICT 60
Zurich Insurance Financial 200
Integer Life Sciences 750
Slaney Food Group Agri-Food 600
DoneDeal ICT 60
Nolan Transport Transport 450
Theo Benning ICT 113
Madentech Life Sciences 70

Utilities information

TELECOMMUNICATIONS

Ireland has one of the most advanced telecommunications infrastructures in Europe. Large investments in recent years have resulted in a competitive market based around modern optical networks which allow for exceptional global connectivity.

Wexford and the South East region continue to benefit from telecommunications infrastructure improvements under Ireland’s National Broadband Plan. Fibre-to-the-building broadband infrastructure is currently being rolled out by commercial infrastructure provider SIRO in the main urban centres around Wexford and, for the first time in Ireland, will deliver up to 1000Mbps upload and download speeds.

Wexford Town and environs is currently serviced by a Metropolitan Area Network (MAN) which provides ADSL to support broadband infrastructure to business, education and industry facilities.

ELECTRICITY

A world-class electricity network is on hand to support commercial operations in the region, with a 256km cable linking Ireland with the United Kingdom grid at Wales. The East West Interconnector (EWIC) is a 500 MW High Voltage Direct Current (HVDC) link between the electricity transmission grids of Ireland and the United Kingdom. At 500 MW it is one of the largest voltage source conversion (VSC) HVDC links in operation worldwide. The East West Interconnector (EWIC) underpins renewable energy initiatives, enabling Ireland to import and export excess wind power. This facilitates the security of the power supply and competition in the market. The EWIC means that businesses in Wexford and the South East region can rely on a steady and continuing power supply to their business.

GREEN ENERGY

The green energy sector is growing fast in the region. Wexford is home to a number of innovative businesses supplying into the bio-fuels, biomass, wind and other renewable energy markets. We have the highest concentration in Ireland of solar energy and we have good natural resources in terms of wind and wave energy. Wexford’s agricultural land is also particularly suitable for growing renewable energy crops such as miscanthus and willow.

The presence in Wexford of the headquarters of the Irish Environmental Protection Agency (EPA) at Johnstown Castle, along with a scientific research centre run by the Irish Agriculture and Food Development Authority (known as Teagasc), provides access to key knowledge and research in the green energy sector.

WATER

Irish Water is the new national water utility in Ireland and is responsible for providing and developing water services throughout the country. With effect from 1st January 2014, Irish Water is responsible for operating public water and wastewater services in the country including the management of national water and wastewater assets, the maintenance of the water and wastewater system and the associated customer care and billing.

Volumetric charges for water for business use in County Wexford are at a combined rate of €2.66 per m3. (Source: Irish Water, 2015)

NATURAL GAS

Wexford Town and environs is serviced by a natural gas pipeline supplied from a Combined Cycle Gas Turbine (CCGT) power station located at Great Island, Wexford. The pipeline is part of a combined investment of €500m in the south east economy through the development of the CCGT power station, which opened in 2015. The availability of natural gas provides a major boost to the local economy and has brought cost savings in excess of 45% to high-energy business users. The station is the cleanest and most efficient natural gas power plant on Ireland’s national grid. It generates an amount of energy equivalent to that required to power half a million Irish homes.

Fuel Form Unit of supply Avg. price per unit
OIL GAS OIL LITRE €0.8660
LIGHT FUEL OIL LITRE €0.8160
MEDIUM FUEL OIL LITRE €0.7640
HEAVY FUEL OIL LITRE €0.7210
COMMERCIAL CYLINDERS KG €1.9530
LPG BULK L.P.G. (0-3 TNS) LITRE € 0.6410
BULK L.P.G. (3.1-40TNS) LITRE €0.5660
GAS BAND I1:<278 MWH PER ANNUM KWH € 0.0651
BAND I2:>=278<2,778 MWH PER ANNUM KWH € 0.0519
BAND I3:>=2,778<27,778 MWH PER ANNUM  KWH € 0.0459
BAND I4:<=27,778<277,778 MWH PER ANNUM KWH € 0.031
ELEC. BAND IA:< 20 MWH PER ANNUM KWH € 0.2238
BAND IB:> =20 < 500 MWH PER ANNUM KWH € 0.1806
BAND IC:> =500 < 2,000 MWH PER ANNUM KWH € 0.1488
BAND ID:>= 2,000 <20,000 MWH PER ANNUM KWH € 0.1223
BAND IE:>= 20,000 < 70,000 MWH PER ANNUM KWH € 0.1012
BAND IF> =70,000 < 150,000 MWH PER ANNUM KWH € 0.0962

Wexford is the perfect place for your investment.
Call +353 (0)53 9196 555 for more information
or email invest@investwexford.ie.