Gillis Business Park in Armagh is set for a big expansion. This growth could make it a major place for business and new ideas in Northern Ireland. The expansion plan is designed to boost the local economy, create more jobs, and support eco-friendly business practices. Below, we’ll look at the planned changes, the benefits expected for the economy, and some data on the park’s current role in the region. This expansion could truly shape the Future of Gillis Business Park in Armagh and benefit everyone in the community.
Modern Infrastructure and Facilities
The upcoming expansion of Gillis Business Park includes modern facilities tailored to accommodate a diverse array of businesses. This development encompasses energy-efficient office spaces, warehouses, and specialized units, reflecting a commitment to sustainability. A range of on-site amenities, including high-speed internet and ample parking, aligns with the operational needs of today’s businesses, making the park an attractive destination for both established companies and startups.
The Armagh City, Banbridge, and Craigavon (ABC) Borough saw an increase in business activity, with over 9,300 VAT-registered enterprises as of 2024, representing 11.7% of all such businesses in Northern Ireland. This growth is reflective of a favorable environment for business within the region, which includes improved facilities like those planned for Gillis Business Park (NI Department for the Economy, 2024; Armagh City Council, 2024).
Economic Benefits and Job Creation
The expansion of Gillis Business Park is set to contribute to local employment. By attracting new businesses, the park is anticipated to create hundreds of job opportunities, significantly impacting the ABC Borough’s 109,000-strong workforce. This growth has led to a borough employment rate of 76.6% as of 2024, higher than Northern Ireland’s average of 73.6%, marking a record high for the region (ABC Borough Council, 2024).
Additionally, job creation through the expansion aligns with local economic objectives, as more businesses contribute to rising income levels. In 2023, residents in Armagh had earnings below the Northern Ireland average, making the development a vital contributor to local economic improvement.
Read Also: The Role of Gillis Business Park in Armagh’s Economic Development
Supporting Startups and SMEs
To foster a supportive environment for startups and SMEs, Gillis Business Park will offer flexible leasing options. These include short-term and long-term rentals, along with affordable rates that allow smaller businesses to grow without facing high initial costs. This flexibility provides startups with the opportunity to scale operations as they evolve, addressing the specific needs of young businesses.
Local policies supporting entrepreneurship have contributed to a notable increase in SME activity, where business survival rates have reached over 50% within five years—a substantial figure that reflects the conducive business environment in ABC Borough.
Environmental Sustainability Initiatives
Sustainability is a priority within Gillis Business Park’s expansion plans, incorporating energy-efficient construction, green spaces, and waste management systems. This aligns with the park’s goal of attracting eco-conscious businesses while minimizing environmental impact. Such initiatives resonate with broader regional goals as Northern Ireland embraces sustainable practices to ensure long-term economic resilience.
Collaboration with Educational Institutions
Gillis Business Park collaborates with local universities and vocational schools, providing students with training programs and internships to prepare them for future careers in industries ranging from technology to retail. This partnership benefits businesses within the park by providing access to a well-educated and skilled workforce, addressing the borough’s need for skill-based labor.
Attracting Investment and Technological Innovation
To attract investors, Gillis Business Park offers various incentives, including tax breaks and grants. This support is complemented by a focus on technological advancement, such as implementing IoT-enabled systems for energy management and security. Together, these measures help position the park as a technology-forward, investment-friendly business hub.
Future Expansion Plans and Challenges
Gillis Business Park’s plans extend to the addition of facilities and improvements to public transport connections, accommodating both business growth and commuting needs. Addressing traffic congestion is a critical factor, and plans include improved access routes to ensure seamless connectivity. The goal is to make Gillis Business Park accessible and efficient for businesses and employees alike, boosting the region’s overall economic infrastructure.
Conclusion
With its focus on sustainability, modern infrastructure, and support for diverse industries, Gillis Business Park is poised to become a central business hub in Northern Ireland. The park’s growth will bring long-term benefits to the local economy, making it a valuable asset for Armagh’s development and positioning it as a key player in Northern Ireland’s business landscape.
FAQs about Future of Gillis Business Park in Armagh
Q: When will the expansion of Gillis Business Park start?
A: The expansion is set to begin in early 2024, with developments occurring in phases over the next few years.
Q: What types of businesses will benefit from the expansion?
A: The park will accommodate a variety of businesses, including tech startups, retail enterprises, and larger manufacturing firms.
Q: How does Gillis Business Park promote sustainability?
A: Through green building materials, recycling programs, and energy-efficient systems, the park supports environmentally responsible practices.
Q: Will there be job opportunities for locals?
A: Yes, the expansion will create jobs across multiple sectors, strengthening the local economy and reducing unemployment.
Q: What support does the park offer for startups?
A: Gillis Business Park provides flexible leasing, affordable rents, and access to business resources to support young businesses.