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George Lee, LEDP (Limerick Enterprise Development Partnership)

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