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Dublin Airport is beating heart of Fingal economy

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Vincent Harrison, Siobhan O’Donnell, Siobhan Kinsella and Tony Lambert at the Carlton Hotel

Vincent Harrison, Siobhan O’Donnell, Siobhan Kinsella and Tony Lambert at the Carlton Hotel

Vincent Harrison, Siobhan O’Donnell, Siobhan Kinsella and Tony Lambert at the Carlton Hotel

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Dublin Airport has been shown to be the beating heart of the Fingal economy in a new economic impact study that shows the airport is responsible, directly or indirectly for €2 billion worth of economic activity in Fingal and supports over 25,000 jobs in the region.

That means, that Dublin Airport, directly or indirectly, is responsible for just shy of 20% of the Fingal's so-called 'Gross Value Added' which means it makes up a fifth of the value of all the goods and services produced in the local economy.

The staggering statistics are a result of work undertaken by the daa and consultants interVISTAS and are presented in a new economic impact study of Dublin Airport, unveiled by the airport's Managing Director, Vincent Harrison, to the local business community last week.

Dublin Airport impacts on the local and indeed, on the national economy in four ways, 'directly' through its own employment and spending, 'indirectly' through its suppliers and other reliant businesses, 'induced' by its positive impacts on industries like tourism and hospitality and 'catalytic' by providing vital connectivity to all kinds of businesses here to the outside world.

When all of those impacts are taken into account, Dublin Airport's importance to the Fingal economy cannot be overstated - it means 25,150 jobs and a €2 billion contribution to the local economy.

But with projected growth over the next 20 years, those figures will seem insignificant when in 2033, the airport is projected to almost double the number of jobs it supports nationally.

That 20-year expansion is already being planned for, according to the study, which lays out the next steps in the airport's development.

A proposed commercial campus on airport land comprising of high quality office space and a hotel is at the masterplan stage and was recently presented to councillors in Fingal.

Allied to a 20-year design for the expansion of building at Dublin Airport, another project is seen as crucial for its future development - a new runway.

The project was shelved during the years of the recession but has re-emerged as an important step in the expansion of Dublin Airport. This new economic impact study describes the development of a new runway at Dublin Airport as 'essential for continued development and growth'.

This new study is proof positive on the crucial role the airport continues to play in our local economy.


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