Is the southeast a good place for a tech firm to invest in?

 

Hello!

Welcome back to my second blog! In today’s blog, I'll be talking about whether investing in the southeast of Ireland is a smart idea for a tech company.

I believe that investing in the southeast of Ireland is a great idea for a tech company. They are many digital companies in the Southeast, such as the Wexford-based software company Scurri and the Waterford-based virtual reality start up Engage XR. Ireland's southeast is the fastest-growing region in Europe's fastest-growing economy, and it's quickly establishing itself as the hub of ICT outside of Dublin.

Businesses benefit from Ireland's membership in the EU and Eurozone, as well as its favourable time zone position. Due to its proximity to the United Kingdom and its designation as an English-speaking nation inside the European Union, it is a desirable investment destination for tech companies.

Another significant aspect that can draw tech companies, particularly American tech companies, is Ireland's low corporation tax rate of 12.5%. In America, corporation tax rate is 35%.

There are numerous advantages to investing in the southeast including:

•  The southeast area of Ireland is the most cost-effective city region, with expenses per desk as low as one-fifth of Dublin's.

• With three motorways leading to Dublin, Ireland's most linked region is the southeast. Below is a video, made by IDA Ireland, explaining why a tech firm should invest in the southeast. 

•  The Southeast has a large talent pool; each year, the region produces 5,200 graduates in business and finance and over 1,500 graduates in ICT. Additionally, Southeast Technological University replaced Waterford Technological University in May 2023, which would attract many graduates to the region. Below is the opening of SETU Waterford which includes local politician Mary Butler and Taoiseach Simon Harris.

While Dublin is the obvious, I think a tech business should seriously consider investing in the southeast because of its highly educated, ideal location, and cheaper industrial property expenses!
Thank you for reading, and I hope you found this week's blog interesting!

 

Till next time,

Niamh