Related EU-wide programmes include Eurostars and the growth facilitator of the European Investment Fund.
for example, be related to investment regulation, start-up regulation, market entry barriers, labour law, bankruptcy law, taxation, and also to SME policies rewarding staying small.
Economic stability and growth are conducive to future revenues and thus foster companies'investment into growth. 16 Last but not least
the result may be an undesirable contest with too much rent seeking and investment from the society's perspective.
or a few agents in the market are able to shape the equilibrium allocation by their own investment, pricing or quantity decisions.
Imperfect information may lead to inefficient investment decisions. For example imperfect information related to market conditions and resource availability can lead to suboptimal investments.
A particular type of imperfect information is asymmetric information, i e. one side is informed better than the other about a certain subject
and holds up investment because of uncertainty. Access to growth finance is an example of asymmetric information:
will be particularly hard hit by malfunctioning financial markets. 31 Access to finance may also be hampered by unfavourable regulations related to investment and company shares:
some scope for further improvement also remains. 58 The European Investment Fund's high growth and innovative SME facility The European Investment Fund (EIF),
whose shares are held by the European Investment Bank (61.2), %the European commission (30%)and financial institutions (8. 8%),is a specialist provider of SME risk finance across Europe and a major player in the European venture capital market.
Its investment strategy has focused historically on early stage VC funds and the promo-55 See http://ec. europa. eu/small-business/policy-statistics/policy/index en. htm. 56 See http://www. eurostars-eureka. eu/.57
Since 2007 the European Investment Fund's operates A high Growth and Innovative SME Facility (GIF), providing risk capital for innovative SMES.
%SMES seeking equity investment from these schemes need to contact funds that have signed an agreement with the EIF.
These funds decide about their investments based on normal commercial criteria. The GIF's indicative budget for 2007-2013 is 550 million euro.
turnover growth and return on investment was indicated yet because the programme was implemented not fully yet
and by the state investment fund Vaekstfonden, the Region Hovedstaden (Denmark's capital region), Region Midtjylland (Denmark's Middle-Jutland Region) and the European commission's Regional Development Fund.
These companies then do a pitch to Accelerace's investment committee which makes the final decision.
The investment committee is made up of several investors, industry experts as well as Symbion's CEO. The initial pitch to enter the programme resembles a typical investor pitch,
serving as the hub for public early-stage venture capital investments. VIGO is a type of incubator that focuses on young enterprises with high growth potential.
when exiting their investments. The Accelerators can also charge a monthly acceleration fee from the target companies
which has an investment branch focusing on companies that are targeting markets that are very large and profitable
by virtue of its Lottery endowment. 80 NESTA investments can thus not be classified as governmental policy.
nesta. org. uk/investments/our approach/investments criteria. 80 See http://www. nesta. org. uk/home1/assets/features/government grants nesta full independence.
networks change, new investment rounds are necessary, business plans and a new business strategy need to be developed,
For example, the label of The swiss CTI Start-up coaching programme has become an important determinant in attracting venture capital, angels'investment and other financing partners
An increase in VC investments of 1 of GDP is associated statistically with an increase in real GDP growth of 0. 30 pp.
Early-stage investments have an even bigger impact of 0. 96 pp. The direction of causality is not always easy to establish.
While private equity investments in Europe had been tripling from 24.3 Billion euros in 2001 to 72.9 Billion euros in 2007
investments fell to 23.4 Billion euros in 2009, even below the 2001 value, and recovered to 42.6 Billion euros in 2010 see Exhibit 4-2. This decline
Private equity investments in Europe 2000 2010 35,0 24,3 27,6 29,1 36,9 47,1 71,2 72,3 54,3 24,0 42,6 03000 6000 9000
private equity investments made up 1. 123%of GDP there in 2010, followed by Sweden (0. 893%)and Switzerland (0. 365%).
Private equity investments as%of GDP in Europe in 2010 0, 0%0, 2%0, 4%0, 6%0, 8%1, 0%1, 2
Business angels and investment readiness: The Commission's policy is to identify and spread good practices that can help improve the conditions for business angel investment. 104 Early stage investment:
Financing through the high growth and innovative SME facility is available to small businesses in their early
or expansion phase under the Competitiveness and Innovation framework Programme (CIP) for the years 2007 to 2013.105 Single market for venture capital investment:
To achieve this, it is promoting cross-border venture capital investments. 106 However, while there is a consensus among Member States on promoting mutual recognition of national frameworks,
in order to increase its competitiveness, attract private investment and also to lead to a phased reduction of its dependence on public money. 109 The EVCA suggests a Venture capital Action Plan 2010-2020 for the EU,
and has a serious funding gap in that Europe's large institutional investors consider VC as too small for allocating investment expertise and resources to this asset class.
GIF provisions could be tuned more towards business angel investments. GIF1 includes the option that intermediaries with co-investment arrangements with business angel networks may receive an additional and separate commitment for co-investments.
By the end of 2010, such investments were made 103 See http://ec. europa. eu/enterprise/policies/finance/financing-environment/sme-finance-forum/index en. htm. 104 See http://ec
. europa. eu/enterprise/policies/finance/risk-capital/business-angels/index en. htm. 105 See http://ec. europa. eu/enterprise/policies/finance/risk-capital/start-up
The government also plans to encourage venture capital investment from overseas funds, oil money, and other sources.
This was stated to be crucial for high-growth SMES that required high loans for survival, investment diversification and possible expansion.
The Canadian experience (see section 5. 3) of linking governmental R&d funding with venture capital investment suggests to focus high-growth policies on technology-based industries
Specifically, the government has encouraged R&d investment in response to the contraction of SME investment potential due to the recent economic slowdown.
which encompasses, for example, continuous expansion of SMES'R&d investment and support for technology innovation R&d of global leader enterprises.
Inno-biz and measures to strengthen venture capital investment The Korean government intensively fosters the programme inno-biz (acronym for innovative business.
The government also plans to encourage venture capital investment from overseas funds oil money, and other sources.
It intends to allow joint fund operation between overseas investment in-146 See http://eng. smba. go. kr/pub/poli/poli04010802. jsp#cer02 for the SMBA's criteria of inno-biz certification
while providing preferential treatment by increasing the investment equity ratio for foreign funds to 50%from the present 30%.
%In addition, the government plans to facilitate venture investment by institutional investors, the post office, insurance firms, universities,
The government intends to review the methods of equity investment in the Fund of Funds more than three times a year
and to rapidly respond to demand in the investment market. Since the Korea Venture Fund has confirmed other investors,
small investments of less than one billion won are allowed at any time. In April 2009, the government created a venture ecological system that integrates the capabilities of newborn venture companies and of the leading venture companies in the market.
Trends in SME's R&d Investment 2000 2002 2004 2005 2006 2007 No. of SMES conducting R&d(%in all manufacturing SMES) 10,748 (12.0) 18,101 (18.1
KRW) New venture investments 7, 870 12,041 Newly established venture funds 4, 929 11,954 Foreign venture funds 30 702 Source:
Overseas investment: Not only large enterprises, but also SMES invested in foreign countries aggressively. SMES'share of overseas investment reached 54%in terms of the number of cases and 26%in terms of amount.
The majority of Korean SMES invested in China. Negative side effects of SME support Over 100 SME policy measures resulted in application congestion in SME administrations,
they have been reproached for not having been equally active in actual investment. Lessons learned Positive assessment of the new SME policy concept The new directions of SME policy in Korea for nurturing global players and institutionalising policies for midsized enterprises
The government considers its funding mechanisms as an investment when reviewing potential high-growth SMES.
This was crucial for high-growth SMES that required high loans for survival, investment diversification and possible expansion.
Eligible angel investors committing a minimum of 100,000 Singapore dollars equity investment in a qualifying start-up can claim a 50%tax deduction on the investment at the end of a two-year holding period.
This deduction is subject to a cap of 500,000 Singapore dollars investment per year. Catalysing growth investments through co-investment:
1. 5 billion Singapore dollars of growth capital for companies by seeding a range of funds over ten years, with contributions of up to half the capital.
Lessons learned Government initiatives as well as investments in infrastructure and education are strong in Singapore. Considering the dominance of micro
small and medium-sized enterprises in Singapore and the traditional strength of the manufacturing and finance sectors, the government is seeking strategic investments to groom potential high-growth enterprises and drive the diversification
Consequently, investments by Singapore's government are expected to rise steadily. However, as there are no evaluations of government support available,
and investment banking services for merger and acquisition activities. Such preconditions may be conducive to high growth of SMES in any region in the world.
and the interest in VC fund investment is problematically low. Background and objectives of VC funding and government assistance Canada Current situation in venture funding The Canadian experience suggests strongly that a concentrated focus by governments on high-tech based SMES combined with adequate levels of VC
In Canada total bio investments increased from 210 million CAD in 2009 to 300 million in 2010.154 Description of Canadian capital Financing Market Business Angels Angel financing is dispersed widely across most regions
According to the Canadian Angel Investment Network their members are currently investing over CAD 3 billion in Canadian businesses each year. 155 Venture capital:
VC investments by the VC community in Canada have decreased from a peak of CAD 5. 9 billion dollars in 2000 to just over CAD one billion dollars for each of the past three years (2008-2010.
With the relatively poor ten year returns for VC funds and the availability of other more attractive retail alternatives (such as income trusts), investment by individuals in VC funds in Canada has dried all but up.
The other major investment source has been pension funds, but these funds have become risk-averse and have cut back their interest in high tech VC investments preferring to go to infrastructure investments instead.
Foreign VC flow has been an important source of financing for technology firms. Indeed for placements of over CAD 5 million dollars over 75%of the funds come from foreign sources.
but there is no data available to measure the investment performance of this group of funds.
http://mikevolker. com/2010/09/b-c-investment-tax-credit-program/Policies for high-growth innovative SMES v1. 6 74 5. 4 Japan:
such as patent fee reductions, loan guarantees, capital investment loans, and loans for facilities. Funding recipients should have less than 300 employees or capital below JPY 300 million.
If government looked at support as an investment and used risk-reward criteria for approvals
They may for example be related to the research and education system, investment regulation, start-up regulation, market entry barriers, labour law, bankruptcy law, taxation,
and in further education Specific high-growth business services and professional coaching Capital Finance Develop single European market for VC European Investment Bank instruments for high
Policies for high-growth innovative SMES v1. 6 102 European Investment Fund, http://www. eif. org/what we do/equity/venture/index. htm,
European Investment Fund, GIF 1-GIF 2 Investment Policy: http://www. eif. org/what we do/resources/european commission/GIF INVESTMENTPOLICY IMPLEMENATIO n guidelines. htm?
Making innovation flourish, Investment criteria: http://www. nesta. org. uk/investments/our approach/investments criteria, last accessed May 2011.
NESTA. Making innovation flourish, Government grants NESTA full independence: http://www. nesta. org. uk/home1/assets/features/government grants nesta full independence, last accessed May 2011.
/http://symbion. dk/sub sites/accelerace/engli sh/**Estonia Arengufond The Development Fund performs risk capital investments into the starting
you can apply to the Innovative HPSU Fund for an Enterprise Ireland equity investment. Having secured the necessary investment to start the business,
further supports are available to assist in the implementation of key aspects of your plan.
This high-tech and innovation co-investment facility was subscribed in February 2006 by CDTI, EIF and several other private investors, mainly Spanish blue chip companies.
EIF's investment represents just over 25%of the fund's final size of EUR 183m.
and private sector investors to boost investments in Spanish SMES which will foster innovation, research and development.
investments! in! ICT! infrastructure! in! regions! where! this! infrastructure! is! weak.!'''Second,'law'obligations'are'the'most'powerful'driver'of'adoption'for'followers,'late (adopters'and'non>adopters.'
investments! in! ICT! infrastructures!(e g.!broadband! connection! and! to! eliminate! territorial! digital divide.''''Second,'legislative'factors'are'also'critical.'
''1.'Strengthen'the'investments'in'ICT! infrastructures'(e g.''broadband'connection)' for'eliminating'territorial'digital'divides.''2. Elaborate'policy!
''1. Strengthen'the'investments'in'ICT! infrastructures'(e g.''broadband'connection)' for'eliminating'territorial'digital'divides.''2. Implement'the!
since these are defined rather by applied technological research programmes, various interest groups and capital investment. This is typically observed in countries that have sophisticated a rather professional background
we find that this region has the lowest level of concentration in R&d investment, going hand in hand with a considerably higher share of both an actual R&d headcount and R&d costs.
As it does not require a lot of space or start-up investment, infocommunication is a typically fast changing,
but instead they are defined by industrial technology research, economic interests and capital investment. This can typically be observed in countries with a relatively sophisticated professional background that do not have sufficient capital resources at their disposal similar to those handled by countries characterised by strong technological innovation.
zzattracts foreign investments to Hungary zzharmonises international and EU RDI policies zzcoordinates bilateral scientific and technological cooperation SME-support activities:
If Member States do not step up their investments in this area, there is a risk that the cultural and economic benefits of the digital shift will materialise in other continents and not in Europe.
public funding for digitisation needs to be complemented by private investment. Therefore, the Commission encourages public-private partnerships for the digitisation of cultural material.
in order to give the private partner the possibility to recoup its investment. This period should be limited in time and as short as possible
The total investment to be made by the private partner, taking into account the effort required by the public partner,
Focus policy & investment on key priorities Build on the strengths of each country/region Support technological as well as practice-based innovation Involve all stakeholders in a process of regional experimentation Sound monitoring
Recall they key steps-Analyse the potential for innovation in the region Set up an inclusive governance system Produce a shared vision for the future Select a limited number of priorities for investment Establish an appropriate policy mix Integrate M&e mechanisms
Rural areas of special disadvantage that benefit from Targeted Investment Programmes) CSO Central Statistics Office DCENR Department of Communications, Energy and Natural resources Doehlg Department of the Environment, Heritage and Local government
Landscape Convention EPA Environmental protection agency ESB Electricity supply board EU European union FÁS National Training & Employment Authority FDI Foreign Direct Investment FORFÁS National Advisory
Private Partnership QBC Quality Bus Corridor QNHS Quarterly National Household Survey R&d Research and development RAPID Revitalising Areas by Planning Investment and Development RBD
Tables & Maps List of Tables 1. 1 Progress on Critical Enabling Investment Priorities 23 2. 1 Population Change by Local authority Area 2002-2006
Section 5 sets out the priorities for road and rail investment and also policies to promote cycling, walking,
recognising the investment made in the provision of modern health facilities in recent years. The land needs of the regional and community health facilities should be taken into account
with a primary focus on the investment priorities for the region. These are known as the Critical Enabling Investment Priorities
and they are grouped under the 5 headings: 1. To develop the Smart Economy. 2. To improve transport infrastructure
Each Planning Authority should ensure that policies across different areas in the Development Plan are aimed at implementation and achievement of these Investment Priorities.
the Strategic Goals and the Critical Enabling Investment Priorities. Appendix 1 contains projected numbers of residential units
and leisure facilities and to make better use of existing and future investments in public services,
out a detailed development strategy for the country supported by investment in the key areas of infrastructural development, education and training, the productive sector and the promotion of social inclusion.
competitiveness and our capacity to generate new enterprise‘winners'from the indigenous sector as well as continue to attract high added value foreign direct investment;
and provide for major investment in the rural economy; Invest in long-term environmental sustainability to achieve our national goal of preserving the integrity of our natural environment for future generations as well as meeting our international responsibilities and Climate Change obligations;
and Provide Value for Taxpayers'Money through robust and transparent appraisal, management and monitoring systems for NDP investment.
Context 23 Investment Priority Progress 1. Development of a high quality dual carriageway roadway and improved public transport services (road and rail) along the central strategic transportation corridor,
Lack of progress on internal road links in region, particularly on N80, N24, N25. 5. A targeted land servicing measure, in terms of water services and access investments to release serviced
supported by continued investment in established third and fourth-level institutions focusing on strengthening academic-industrial linkages and the further development of educational outreach facilities throughout the region.
Development of the Waterford Knowledge Campus will play a key role in the academic infrastructure of the region. 7. Targeted investment in the development of first class business locations at the Gateway,
and attracting Foreign Direct Investment against competing locations nationally and internationally. The region has had some success in attracting FDI to the major settlements.
Each local authority has facilitated the provision of infrastructure to develop attractive business locations. 8. Significant expansion of the commercial, cultural and civic centre of Waterford City through investment in,
The progress on the ten Critical Enabling Investment Priorities contained in the RPGS adopted in 2004 is set out in the table below.
Table 1. 1 Progress on Critical Enabling Investment Priorities Regional Planning Guidelines for the Southeast Region 2010-2022 Section 1:
Context 245 Investment in Infrastructure The Southeast Region has made significant progress in provision of critical infrastructure across the Region.
Population & Regional Profile 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy and national, regional and local planning policies have changed over the last six
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy,
Such investment would need to be coupled to: 1. Tightly focused and well prioritised regional planning policies in the second round of Regional Planning Guidelines (to be adopted in 2010) as a framework to better coordinate planning at city and county levels;
and town centres with high levels of enterprise activity the need to provide the infrastructure needed to attract investment into the region the need to create stronger linkages between Higher and Further Education institutions
infrastructure and existing enterprise base necessary to attract Foreign Direct Investment against similar competing locations nationally
A combination of strong locally based economic activity, with high added value inward investment, will be key to the future development of the region.
Strengthened Research and development (R&d) investment and innovation, improved links with third-level institutions and the adoption of new telecommunications technology will be required to further develop activity in these advanced sectors.
These deficits will be addressed by the Water Services Investment Programme, subject to availability of funding. Increased demand up to 2009 for such services placed an increased burden on waste water infrastructure with the result that inadequate waste water facilities began to inhibit economic growth as well as becoming potential sources
The Strategic Goals A b c and D below indicate where such investment should be targeted. 3. 2 Strategic Goals The strategic goals
A5 Identifying and developing a small number of first class business locations with first class infrastructure capable of attracting Foreign Direct Investment
In parallel with the Regional Economic Strategy, it will guide future growth and investment. The Regional Planning Guidelines sit within an overall national policy context of the National Spatial Strategy and the most recent population targets.
This campus will accommodate the knowledge economy by linking academia with entrepreneurship and foreign direct investment.
Regional Development Strategy 523 In recent years there have been a number of significant infrastructural investments
This public investment programme has been accompanied by extensive private investment in the enterprise development, residential, retail, commercial, leisure and healthcare sectors.
Targeted investment in transport links and other socioeconomic infrastructure such as water services, third-level education and serviced business locations will be required to facilitate the achievement of critical mass at the two hubs of Kilkenny and Wexford.
and investment decisions in such a manner as to accomplish these targets. Also the County towns have significant potential for growth
and community facilities and have the capacity to accommodate additional growth (subject to certain physical infrastructural investments).
Other investment priorities for the region include: the development of the internal road network between the Gateway and the Hubs, between the Hubs, County towns and other larger settlements, enhanced additional connectivity plus better management of traffic
and the existing stock of investment in a way that responds to the various spatial, structural and economic changes taking place,
The Regional Authority and constituent local authorities have identified Priorities for investment in critical infrastructure to support this Economic Development Strategy.
The Regional Authority will work with Government to ensure that investment is targeted and effective. The RPGS, including the Economic Strategy demonstrate how the Southeast Region can participate in‘Building Ireland's Smart Economy'the Government Strategy for Sustainable Economic Renewal.
Targeted investment in the development of Strategic Employment Locations at the Gateway, Hubs and County towns with first class infrastructure capable of facilitating new indigenous start-ups in advanced sectors
and attracting Foreign Direct Investment; targeted urban regeneration of key sites; business incubation/start up space/units throughout the region to support new businesses;
and is likely to continue attracting a significant level of Foreign Investment, particularly in the more knowledge based industries.
Development of high quality Business and Technology Parks capable of providing attractive locations for Foreign Direct Investment with links to third and fourth-level research and development activity IDA Ireland;
The region will continue to make provision for major investment. Such investment would have particular requirements of access, sanitation, energy, population,
telecommunications, research etc. Belview offers an ideal location for a strategic flagship development due to: Location within the environs of Waterford City;
These towns will also require investment in water services infrastructure in compliance with all environmental legislation and the River basin Management Plans.
This policy would facilitate an integrated product development approach allowing major investment to develop high quality integrated marine leisure
Research and development and Training 4. 6. 1 Higher and Further Education Building the knowledge economy is a long-term investment.
It is imperative that the region is positioned to take advantage of that investment. The delivery of a University within the Southeast remains the critical piece of knowledge infrastructure that is required within the region.
The Government has demonstrated a major commitment to investment in research and development (R&d. Sustained investment in R&d is an essential foundation to maintain the competitiveness of the enterprise base
and to develop Ireland as a knowledge-based society, so as to increase productivity growth, provide a source of opportunity in new growth areas
and knowledge that are necessary to attract R&d investment and high value jobs to the region.
stimulate private sector investment and innovation. The regional knowledge needs can be satisfied through the location of a dedicated Campus
The target areas for investment are those of pharmaceuticals, bio-pharma, medical technologies, financial services and information and communications technology.
Foreign Direct Investment, particularly in knowledge intensive industry, is an integral part of the Government's economic development strategy
PPO 4. 8 It is an objective of the Regional Authority to maximise investment in,
There needs to be greater investment in the significant attractors of the region so that the facilities and services associated with principal destinations within the region are recognised for their quality.
There is an opportunity for increased investment in the development of accommodation and tourism facilities in Carlow and South Tipperary to increase tourism incomes in these areas.
New investments in recent years, particularly in the Life sciences sector, have boosted manufacturing employment and have helped to offset decline in longer established manufacturing sectors.
Key investments in the electricity network are required to satisfy future demands and the broadband offering in the region needs to be improved to support future enterprise potential. 4. 10.4 Quality of life Quality of life can be discussed from many different perspectives
attracting knowledge intensive internationally mobile Foreign Direct Investment. A variety of lifestyle choices can be accommodated in the diverse physical landscape and settlement patterns across the Southeast region.
for attracting investment from foreign and indigenous companies, stimulating entrepreneurship and enabling companies based in Ireland to grow
Continue with planned investments in water and waste water infrastructure to ensure forecast deficits in key centres do not arise.
and infrastructure needs required for major investment, including foreign direct investments, should be considered and provided for
when development plans and the strategies for those areas requiring special co-coordinated approaches are being drawn up.
investment in roads development will continue to be a priority over the period covered by the Guidelines.
the Exchequer made an investment in excess of €16 billion in the Southeast Region. In order to achieve the maximum return on such a large investment it is vitally important to safeguard the strategic role of the national network in catering for the safe and efficient movement of major inter-urban and interregional traffic to allow effective delivery
and service of the investment made as advocated by national policy objectives. In order to achieve this,
Planning Authorities should have regard to the National Roads Authority‘Policy on Development Management and Access to National Roads'(May 2006) when assessing planning applications where direct access onto the national road network is proposed or in the vicinity of existing and proposed junctions.
Shortterm RP5 Infrastructural investment along the Rosslare Europort-Waterford-Limerick Junction line including; signalling, new passing loops,
The Doehlg Water Services Investment Programme sets out the fundamental framework for delivery of water services infrastructure.
ECJ Judgements referred to in Appendix 3 to Circular L6/09, Water Services Investment Programme 2010-2012, Assessment of Needs 2009.
A reduction in overall Unaccounted For Water Maximisation of the value of capital investment Improve network management Improve customer service Improve management of water resources and general environmental protection.
PPO 5. 24 The Regional Authority will support implementation of the Water Services Investment Programme in the Southeast Region,
Infrastructure 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy,
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy
Such investment would need to be coupled to: 1. Tightly focused and well prioritised regional planning policies in the second round of Regional Planning Guidelines (to be adopted in 2010) as a framework to better coordinate planning at city and county levels;
and that progressive climate change policies based on innovation and investment in low-carbon technology are consistent with global economic growth. 6. 3. 2 National Obligations As part of EU
Modal Shift to public transport as a result of Transport 21 investment. Support for combined Heat and Power projects.
The acute hospitals have benefited already from significant investment in recent years to raise the standard of care.
and Secondary education Investment decisions in relation to the Schools Building Programme should be made having regard to the Regional Settlement Strategy
Due to the regional scale of investment and the impact of development and delivery of the settlement and economic strategies it is critical to the protection of Natura 2000 sites that development takes place in tandem with the Regional Planning Guidelines
Continued investment needs to be made in research on long-term options for the protection of coastal towns from long-term sea level rise
Alongside this, the Regional Flood Risk Appraisal recognises the need for continuing investment and development within the urban centres of flood vulnerable designated growth towns and Waterford City and for this to take place in tandem with the completion of CFRAM studies and investment in sustainable and comprehensive flood protection and management.
PPO 9. 4 Development Plans and Local Area Plans should include a Strategic Flood Risk Assessment
Putting in place the types of investment needed to underpin the strategic development of the region;
rural development and other policies at local level that make the best use of investment.
These areas are addressed in further detail below. 10.1 Investment Priorities The Regional Planning Guidelines represent an important spatial or locational framework for the Southeast Region for local authorities, government departments and their agencies,
and pool their investments to gain greater synergies and spin-offs for themselves and the region.
and private interests working together to support progress on investment priorities defined in the guidelines.
The investment priorities referred to above can be divided into two main groups: -Critical enabling investment priorities:
These are the types of limited, key interventions necessary to underpin central elements of the approach of the guidelines.
This refers to prioritisation by the local authorities in the region to match the critical national level investments. 10.1.1 Critical Enabling Investment Priorities Under the National Spatial Strategy,
Other critical enabling investment priorities for the region include supporting the accelerated servicing of land in the key urban centres in the region.
CRITICAL ENABLING INVESTMENT PRIORITIES FOR THE SOUTHEAST REGION The Southeast Region is a dynamic region with an attractive quality of life for its half-million people and a first class infrastructure and communications network for new and existing
The Regional Authority has identified five areas where targeted investment in education high level research and development, key employment locations and in roads and transport infrastructure would support
B. Supporting Knowledge Transfer from academia, Foreign Direct Investment and Entrepreneurship throughout the region by the development of the Waterford Knowledge Campus and outreach third and fourth-level education to key centres throughout the region
Targeted investment in the development of Strategic Employment Locations at the Gateway, Hubs and County towns with first class infrastructure capable of facilitating new indigenous start-ups in advanced sectors
and attracting Foreign Direct Investment against competing locations nationally and internationally. Strategic Employment Locations will be identified by each local authority in City and County Development Plans.
in terms of water services and access investments to release serviced land for residential and commercial purposes in the Gateway, Hubs and County towns.
D. Continued investment in major road infrastructure: --Upgrading of the M11/N11 route. -Upgrading of the N24 route in accordance with the N24 Prioritisation Study.
E. Investment in cycle and pedestrian facilities to improve sustainable transport options. F. Improve international freight
, cultural and civic centre of Waterford City through investment in, and support for, the re-development of the city quays with a new pedestrian/cycle/public transport bridge to provide a direct link from the south side of the River Suir across to the north Quays.
B. Investment in key strategic sites in and the public realm of town and city centres.
C. Investment in primary and post-primary education community and recreational facilities. 5. FULL IMPLEMENTATION OF THE JOINT WASTE MANAGEMENT PLAN FOR THE SOUTHEAST REGION. 10.1.2 Matching Local Investment Priorities The Guidelines envisage the balanced development of the region through a focus on six distinct
but complementary development areas as set out in Section 2. Within each development area, a process of strengthening the hierarchy of towns
The critical enabling national level investments will address strategic investment deficiencies in the Gateway in the region as well as in the principal towns.
To promote balanced development within the region such investment needs to be matched by the prioritisation of investment by local authorities
Key areas for better investment prioritisation in the future include:(1) Identifying investment priorities in the non-national road networks so that service towns and key villages identified in the strategic spatial framework for the region are linked effectively with the Gateway and principal towns in the region.
2) Identifying investment priorities in the water services infrastructure of service towns and key villages identified in the guidelines so as to position them in sustaining balanced growth in residential, commercial and other areas.
It will be a matter for the local authorities in the region, through their annual and any multi-annual capital works programmes,
The local authorities in the region will prepare a framework for investment prioritisation to implement the guidelines.
however to be supported by a number of other implementation groups dealing with more specific areas such as planning issues that traverse administrative boundaries. 10.2.2 Investment Prioritisation Group Delivery of critical enabling investment
priorities as well as local investment priorities are very important steps in implementing the guidelines. It is recognised that the priority for national level investment in the region over the short term
(i e. 3-5 years) is the delivery of the National Development Plan commitments such as investment in the national roads programme.
However, under the auspices of the Regional Authority Implementation Committee, a group will be constituted to liaise with key national level organisations and agencies such as the Department of Transport, IDA, Enterprise Ireland,
and advance the case for future investment priorities after current priorities have been delivered. The investment co-ordination group referred to above will also be responsible for bringing forward proposals at local authority level
for investment prioritisation to develop the spatial structure of the region and the development areas within the region as set out in the Regional Development Strategy.
From time to time, implementation will also require the co-operation of more nationally based organisations such as the NRA, a range of Government departments responsible for funding and other bodies responsible for national investment decisions.
It is important that such bodies take full and proper account of the Regional Planning Guidelines in for example, the area of determining investment priorities.
SUMMARY/Development Plan Implications The Critical Enabling Investment Priorities are fundamental elements to the Regional Development Strategy.
Planning Authorities should ensure that policies across different areas in the Development Plan are aimed at implementation and achievement of these Investment Priorities.
the Strategic Goals and the Critical Enabling Investment Priorities. If the evaluation indicates barriers to achieving the goals set out in the Regional Planning Guidelines,
Implementation 2. 1 National Population Growth Patterns Public policies and investments, the performance of the economy,
Notwithstanding the challenges Ireland currently faces, maintaining as far as possible investment in capital infrastructure (until recently one of the highest in Europe relative to the size of the economy
Such investment would need to be coupled to: 1. Tightly focused and well prioritised regional planning policies in the second round of Regional Planning Guidelines (to be adopted in 2010) as a framework to better coordinate planning at city and county levels;
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