Wexford County Council CEO Tom Enright said he is confident work will begin on an advance factory in New Ross this year, with a new private company at the helm.
An advance factory of up to 40,000 sq ft was planned for Butersland industrial estate in New Ross, but local developers PJ Farrell and Eamonn and Liam Wall decided early this year to not go ahead with building it.
"We are disappointed that it’s not proceeding with the people who had expressed an interest in building it. We understand construction costs have increased and all of the uncertainty in the construction sector has a part to play,” said Mr Enright.
He said the council is happy to relook at the conditions of the commercial arrangement it can come to with a private developer.
Mr Enright met with the New Ross district investors prior to Christmas and everything seemed on track and said he was surprised to be informed earlier this year that they had decided against the project.
"We are committed to an advance factory in Butlersland and we’re looking at other options this year. We’ve been looking at this project for a number of years now; it’s part of our commercial property solution that we’re doing in each of the four towns.
"Two advance factories have been built in Waterford and they’re occupied and one is being built in Carlow. We have no doubt that if an advance factory is built there will be significant investment in New Ross."
Mr Enright said Enterprise Ireland and the IDA have both highlighted a shortage in advance factories, adding that he is confident that the council can strike a deal with a private investor and that construction will begin on site beside Integer – which is expanding massively alongside the site – this year.