LEDP Founded 1999

7 Partners Public Private Partnership

A Charitable Trust CompanyVision of Michael Tiernan, Gerard

Boland and Liam McElligott

The Following Were The Original Shareholders of LEDP Limerick City Council

Limerick County CouncilFoundation for Investing in Communities

PAUL PartnershipLimerick Enterprise Network

Roman Catholic Diocese of LimerickShannon Development

Source of Initial Investment

7 Partners @ £150k =£1.05mJP McManus £1m

Dept of Enterprise Trade and Employment £1mKrups Workers £50k

Total in €4mNet Income Generator

Leveraged Community investor Now Completely Debt Free

Leveraged investment over 10 years of operation€65m

Phase One

1999-2004Purchase and Development of Former Krups Facility

16 Acres with 170,000 sq ft of buildings600 People re-employed

Challenges

Uphill battle to secure FundsBanks Not Supportive

Ulster Bank agreed on basis of Personal Relationships developed over years

Phase Two

• 2005-2007• Consolidation of Business Model• Starting to Work with Community

ChallengesConstruction Of Crèche

Construction Of Hotel & AncillariesEngagement with RAPID

Consolidation of Tenants and Financial Security

• 2008-To Date

• Community and Family Affairs

Phase Three

ChallengesEngagement on the Ground in Southside Areas

Engagement with Holy Family ParishEngagement with Salesians of Don Bosco

Advocating for Social and Community Initiatives Through City, Regeneration, Regionally and with Government

Site Purchased From Group Moulinex in 1999Krups Facility in Limerick since early 1960’s

1) UPC Call Centre

2) Limerick Regeneration

Agencies

3) Strategic InnovationEducation

5) Family Tree Créche

6) UL AccessCampus

7) Fáilte Ireland Training

8) Fás Block and Carpentry Workshops

9) Fás Hairdressing

10) Fás Community

Leadership ArtsSport

11) VocationalTraining Centre

12) Proposed Coisceim Centre

13) ADD, ADHDDyslexia, Blue Box

1

23

4) Let’s Do CoffeeCommunity Café

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Numbers Engaged on SiteUPC 400 Jobs

Maldron Hotel Group 25 JobsLets Do Coffee 10 Jobs

Aldi 30 jobsRetail 50 Jobs

Fás 15 jobsRegeneration Agency 20 jobsFamily Tree Créche 15 Jobs

University of Limerick 10 JobsADD, ADHD Blue Box 15 Jobs

Fáilte Ireland 10 Jobs Medrex 25 Jobs

LEDP 8 JobsAncillaries 40 Jobs

Total 600

Numbers Engaged on SiteFailte Ireland 200 pa

Boatbuilding /Vocational 50paFás Block/Carpentry 200paU.L. Access Campus 60pa

CoisCeim 60paADD/ADHD Dyslexia 50pa

LCBEI Blue Box

Fás Hairdressing 30Fás Community Leadership 30

Family Tree Creche 50Total Approx 1000

Footfall on Site Approx 10,000 per week