Home RSS
Real Estate

Digital Hub agency set to close

John Burke and Ian Kehoe
Digital Hub agency set to close - Ireland - Technology - Digital Hub - Real Estate Agents

The government is poised to close the state agency responsible for the Digital Hub in Dublin, following the failure of the high-tech urban campus to cover its own costs.

The government said the ‘‘longer-term viability’’ of the Digital Hub Development Authority (DHDA) must now be called into question, on the grounds that it is still reliant on annual state support of €2 million six years after it was established by former taoiseach Bertie Ahern.

The campus will continue to operate and expand, but it likely to be controlled by Enterprise Ireland. Documents prepared by the Department of Communications, which has responsibility for the Digital Hub, stated that the DHDA would ‘‘not become self-financing as planned from 2010 onwards’’ and would still need state support.

The department has already drawn up contingency plans in the event that the agency is disbanded. Responsibility for running the campus would revert to Enterprise Ireland, while Dublin City Council would take over its property management function.

The DHDA was established to create state-of-the-art infrastructure to cluster leading edge Irish and international digital media companies in a core development on Thomas Street in Dublin. More than 100 companies and 700 staff.


Add your comment
  Anonymous comment
  Remember me on this computer

Send me by email any answer to my comment
Send me by email every new comment to this article

Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.