Work Starts on New Enterprise Facility

Creggan Enterprises Limited (CEL) is pleased to announce that work has commenced on its latest project to generate business opportunities for the area and has secured EU Peace II and International Fund for Ireland (IFI) funding totalling £268,835.

Through its own resources, CEL will invest an additional £170,000 to transform part of the former United Technologies factory, which has become a blot on the Creggan landscape, into a modern micro-enterprise facility.

The project will help create around 11,500 sq ft of flexible workspace provision that will stimulate investment, encourage local entrepreneurship and enhance job creation – all contributing towards the sustainability of the local economy.

It is envisaged the new development will be completed within six months. It will create up to 25 jobs during the construction phase and facilitate the development of three new business start-ups and 20 new jobs.

Speaking at commencement of the building phase, Conal McFeely, Development Executive, CEL, said: ‘At the heart of CEL’s agenda is a commitment to meet the economic requirements of Creggan, which has been blighted by decades of conflict, market failures and urban decline. We will use this funding to tackle the issue of joblessness within the area and allow CEL to remain at the forefront of community regeneration by providing pathways to inclusion through economic development.’

The Board of CEL, on behalf of local residents, acknowledges the support of the EU Peace II Programme, DETI and IFI in recognising the importance of this initiative in advancing the economic and
social wellbeing of Creggan.

Above, the eyesore that was part of the former United Technologies factory prior to the beginning of construction.

Above, a cross-section of the new development and, below, an artist's impression of the exterior.

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