Renovation of buildings could create 60,000 jobs

The renovation of residential and commercial buildings could create 60,000 jobs over the next six years, according to Philip Lee solicitors.

Renovation of buildings could create 60,000 jobs

At a seminar hosted by Engineers Ireland and Philip Lee Solicitors, the company said that, due to the Energy Efficiency Directive, the Government is obliged to renovate the national stock of residential and commercial buildings.

The Government are required to retrofit 3% of the total floor space of central government buildings a year for the next six years.

These projects will involve upgrading of the building fabric (insulation, windows, etc) and services (HVAC, controls, lighting, etc). This is to be achieved by the State entering into long-term third-party finance agreements with financial institutions. In Ireland, financing is already available through the €70 million Energy Efficiency Fund and AIB’s €100m energy efficiency fund.

Associate with Philip Lee Solicitors Hugh Cummins said that, due to the funding available, Ireland has a unique opportunity.

“Ireland has a once in a lifetime opportunity to place itself at the heart of Europe’s energy efficiency revolution due to the substantial funding available.”

It is estimated that across Europe 5 million jobs could be created through initiatives brought about through national energy efficiency funds.

More in this section

Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

The Business Hub

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up

Our Covid-free newsletter brings together some of the best bits from, as chosen by our editor, direct to your inbox every Monday.

Sign up