George Lee, LEDP (Limerick Enterprise Development Partnership)
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Transcript of George Lee, LEDP (Limerick Enterprise Development Partnership)
LEDP Founded 1999
7 Partners Public Private Partnership
A Charitable Trust CompanyVision of Michael Tiernan, Gerard
Boland and Liam McElligott
The Following Were The Original Shareholders of LEDP Limerick City Council
Limerick County CouncilFoundation for Investing in Communities
PAUL PartnershipLimerick Enterprise Network
Roman Catholic Diocese of LimerickShannon Development
Source of Initial Investment
7 Partners @ £150k =£1.05mJP McManus £1m
Dept of Enterprise Trade and Employment £1mKrups Workers £50k
Total in €4mNet Income Generator
Leveraged Community investor Now Completely Debt Free
Leveraged investment over 10 years of operation€65m
Phase One
1999-2004Purchase and Development of Former Krups Facility
16 Acres with 170,000 sq ft of buildings600 People re-employed
Challenges
Uphill battle to secure FundsBanks Not Supportive
Ulster Bank agreed on basis of Personal Relationships developed over years
Phase Two
• 2005-2007• Consolidation of Business Model• Starting to Work with Community
ChallengesConstruction Of Crèche
Construction Of Hotel & AncillariesEngagement with RAPID
Consolidation of Tenants and Financial Security
• 2008-To Date
• Community and Family Affairs
Phase Three
ChallengesEngagement on the Ground in Southside Areas
Engagement with Holy Family ParishEngagement with Salesians of Don Bosco
Advocating for Social and Community Initiatives Through City, Regeneration, Regionally and with Government
Site Purchased From Group Moulinex in 1999Krups Facility in Limerick since early 1960’s
1) UPC Call Centre
2) Limerick Regeneration
Agencies
3) Strategic InnovationEducation
5) Family Tree Créche
6) UL AccessCampus
7) Fáilte Ireland Training
8) Fás Block and Carpentry Workshops
9) Fás Hairdressing
10) Fás Community
Leadership ArtsSport
11) VocationalTraining Centre
12) Proposed Coisceim Centre
13) ADD, ADHDDyslexia, Blue Box
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4) Let’s Do CoffeeCommunity Café
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Numbers Engaged on SiteUPC 400 Jobs
Maldron Hotel Group 25 JobsLets Do Coffee 10 Jobs
Aldi 30 jobsRetail 50 Jobs
Fás 15 jobsRegeneration Agency 20 jobsFamily Tree Créche 15 Jobs
University of Limerick 10 JobsADD, ADHD Blue Box 15 Jobs
Fáilte Ireland 10 Jobs Medrex 25 Jobs
LEDP 8 JobsAncillaries 40 Jobs
Total 600
Numbers Engaged on SiteFailte Ireland 200 pa
Boatbuilding /Vocational 50paFás Block/Carpentry 200paU.L. Access Campus 60pa
CoisCeim 60paADD/ADHD Dyslexia 50pa
LCBEI Blue Box
Fás Hairdressing 30Fás Community Leadership 30
Family Tree Creche 50Total Approx 1000
Footfall on Site Approx 10,000 per week