Cork City’s Local Economic and Community Plan 2024 - 2029
5.5 LECP SCOT Analysis (SCOT – Strengths, Constraints, Opportunities and Threats)
The following is a SCOT analysis. The items under each of the four entries are in no particular order.
STRENGTHS
Collaboration
General
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Strong community and voluntary sector
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Growing city – Population is increasing and Cork City is the fastest growing city in Ireland.
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Strong record of inter-agency working to help minorities and those experiencing exclusion and deprivation.
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High quality of life
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Diverse city – we benefit from the presence of strong multinational communities.
Education
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Education provision – home to two major universities which cater to more than 38,000 students each year. Language – Cork City is the second largest fluent English-speaking city in the European Union.
Economy (business)
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Strong economy – with employment opportunities across various sectors. Strong Foreign Direct Investment (FDI) record – voted 1st in Europe for our FDI strategy in 2024 as we have a strong record of attracting and retaining FDI and have a large number of micro-businesses. (A micro-business is a business with up to 10 employees). High levels of current investment in transport, regeneration and housing. Excellent business networks and organisations which support new business ventures and inward investing companies.
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Connectivity
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International airport serving major European locations. Significant blue (water) and green assets including scenic waterfront and connected to large deep harbour and port.
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Progressive and Innovative
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Several International designations such as- UNESCO learning City, WHO Healthy City, WHO Age Friendly City, a Rainbow City and a Smart City. Strong innovation ecosystem and recently recognised as an EU Rising Innovative City.
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