The Killarney Innovation Centre has announced plans for a new building project to meet the growing demand from small and medium-sized enterprises (SMEs) in the region.
The not-for-profit centre, which has operated for over 25 years, aims to expand its capacity to provide workspace and growth supports for local businesses.
Plans for the expansion have been in development for two years.
However, the centre is currently facing challenges in securing the capital financing needed to begin construction.
Management noted that while the demand for space is clear, existing government supports for such infrastructure are limited and difficult to access.
“This project is about creating the conditions in which businesses can thrive and contribute to the regional economy,” said Mr Counihan, Centre Chairperson. “The demand we are seeing reflects the ambition of local enterprises, and it is essential that infrastructure keeps pace with that growth.”
Over the past two years, the board has engaged with various funding bodies and agencies to secure financial backing.
Mr Counihan expressed frustration at the current funding landscape, stating there is a “disconnect between recognised need and available supports.”
The centre is calling for a renewed focus on capital investment for enterprise hubs, highlighting that such projects deliver long-term returns through job creation and regional competitiveness.
The proposed build would allow the centre to accommodate more businesses and provide enhanced services for evolving industry needs.