Page 26 - Guerin Media | Cork Airport Holiday & Destination Guide 2015
P. 26
New Study Highlights
Cork Airport’s Crucial Economic Role
To The South Of Irelandver 10,700 jobs supported by Cork Airport as well as €727 million contributed
Oto GDP
A new study has reinforced how crucial Cork Airport,
Ireland’s second largest airport, is to the economy of
the South of Ireland. The Economic Impact Study,
carried out by InterVISTAS Consulting, found that
Cork Airport is fundamental to the growth of the local
economy and has key catalytic impacts that
contribute directly towards tourism, trade, investment
and productivity for the whole of the region.
The report also stresses that without Cork Airport, the BEST CONNECTED AIRPORT
regional economy in Munster would not be as large, IN THE REGION
affluent or diverse as it is today. The airport’s
importance to the region is reflected in the fact that While there are a number of factors that contribute
it supports or facilitates 10,710 jobs made up of to the economic success of the region such as
direct, indirect, induced and catalytic employment. government policy, taxation and local skillset, the
Cork Airport directly supports 1,920 jobs at the network of routes from Cork Airport is an important
airport, with airlines, ground transport, handling, factor. This is backed up by the views of 139
maintenance, food and beverage, logistics companies, businesses with 93 per cent identifying that the level
Government agencies and hotels. of direct routes from Cork is important when deciding
There are 1,170 indirect jobs facilitated by Cork to locate or expand in the region [1]. Cork Airport’s
Airport, relate to suppliers and supporting businesses level of connectivity, which is the highest outside of
involved in the supply chain of the airport’s activities Dublin, is crucial in generating more trade, drawing
and 1,420 induced jobs, generated by the employees more foreign direct investment as well as attracting
of firms directly or indirectly connected to the airport more tourists.
spending their income in the local economy. Given the airport’s significant role in the local
The InterVISTAS study also found that there are 6,200 economy, Cork Airport’s Managing Director, Niall
jobs facilitated through catalytic impacts or wider MacCarthy has called for more local support. “We
economic benefits of Cork Airport. Air transport to have one of the most modern terminals in Europe
and from Cork Airport creates catalytic impacts serving the most passengers in Ireland outside of the
primarily through increased connectivity and capital. While we have a loyal customer base in Cork,
improved regional economic performance through we need the ongoing support from business and
tourism, tourism, trade in goods and services, leisure travellers to ensure we continue the best
investment and increased productivity.
Cork Airport also contributes €727 million to Gross
Domestic Product (GDP), which equates to 2.2 per
cent of the total South West economy. This is made
up of €134m GDP as a result of direct jobs, €82m for
indirect, €90m for induced and €421m for catalytic
impact.
26
Cork Airport’s Crucial Economic Role
To The South Of Irelandver 10,700 jobs supported by Cork Airport as well as €727 million contributed
Oto GDP
A new study has reinforced how crucial Cork Airport,
Ireland’s second largest airport, is to the economy of
the South of Ireland. The Economic Impact Study,
carried out by InterVISTAS Consulting, found that
Cork Airport is fundamental to the growth of the local
economy and has key catalytic impacts that
contribute directly towards tourism, trade, investment
and productivity for the whole of the region.
The report also stresses that without Cork Airport, the BEST CONNECTED AIRPORT
regional economy in Munster would not be as large, IN THE REGION
affluent or diverse as it is today. The airport’s
importance to the region is reflected in the fact that While there are a number of factors that contribute
it supports or facilitates 10,710 jobs made up of to the economic success of the region such as
direct, indirect, induced and catalytic employment. government policy, taxation and local skillset, the
Cork Airport directly supports 1,920 jobs at the network of routes from Cork Airport is an important
airport, with airlines, ground transport, handling, factor. This is backed up by the views of 139
maintenance, food and beverage, logistics companies, businesses with 93 per cent identifying that the level
Government agencies and hotels. of direct routes from Cork is important when deciding
There are 1,170 indirect jobs facilitated by Cork to locate or expand in the region [1]. Cork Airport’s
Airport, relate to suppliers and supporting businesses level of connectivity, which is the highest outside of
involved in the supply chain of the airport’s activities Dublin, is crucial in generating more trade, drawing
and 1,420 induced jobs, generated by the employees more foreign direct investment as well as attracting
of firms directly or indirectly connected to the airport more tourists.
spending their income in the local economy. Given the airport’s significant role in the local
The InterVISTAS study also found that there are 6,200 economy, Cork Airport’s Managing Director, Niall
jobs facilitated through catalytic impacts or wider MacCarthy has called for more local support. “We
economic benefits of Cork Airport. Air transport to have one of the most modern terminals in Europe
and from Cork Airport creates catalytic impacts serving the most passengers in Ireland outside of the
primarily through increased connectivity and capital. While we have a loyal customer base in Cork,
improved regional economic performance through we need the ongoing support from business and
tourism, tourism, trade in goods and services, leisure travellers to ensure we continue the best
investment and increased productivity.
Cork Airport also contributes €727 million to Gross
Domestic Product (GDP), which equates to 2.2 per
cent of the total South West economy. This is made
up of €134m GDP as a result of direct jobs, €82m for
indirect, €90m for induced and €421m for catalytic
impact.
26
