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International Fund for Ireland Welcomes Opening of Ardee Business Park Extension

Published on:  30 Jun 2006

The International Fund for Ireland (IFI) has today welcomed the opening of the extension of Ardee Business Park by the Minister for Foreign Affairs, Mr Dermot Ahern, TD. The IFI was one of the main funders of the Park having provided EUR190,500 towards the project from its Business Enterprise Programme.

The extension of the Ardee Business Park will increase the size of the Park to 1,060 sq m from the existing 734 sq m from Phase 1 of the Park, which was opened in 2000. The new facility will compromise high quality office accommodation with broadband access, conference facilities and a state-of-the-art IT suite. The Business Park has been developed by Ardee Community Development Company Ltd.

Speaking at the opening of the extension, the Chairman of the International Fund for Ireland, Mr Denis Rooney, said the development of the Ardee Business Park was a remarkable achievement that has had, and will continue to have, a real and lasting impact on Ardee.

Mr Rooney remarked that the IFI had become involved in the project in 1998 when it approved financial assistance to the Ardee Community Development Company to develop badly needed workspace in an area that was suffering from an unemployment rate of over 25 per cent.

“At a time when the closure of companies was a wide-spread affliction throughout the country, Ardee Community Development Company was working towards bringing enterprises into their community – and succeeding.

“The Company has not stopped there – with this second phase an additional 35,000 sq ft of the highest quality workspace has been developed and over 300 jobs have been created to date,” said Mr Rooney.

“The development of Ardee Business Park is a remarkable achievement and is a fitting example to marginalised and deprived communities in Northern Ireland and the border counties of what can be achieved when local people group together, decide their own needs and take the first steps towards their fulfilment,” added Mr Rooney.

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