Office Accommodation Fund

Grade A Office Development Grant Fund

Newry is already a place where people want to live, work, study and invest. It also has an enviable position at the centre of the Dublin Belfast Economic Corridor. 

The Grade A Office Development Grant Fund will now offer financial incentives to investors and local businesses for the creation of new Grade A Offices in Newry City Centre.

The purpose of Grade A office space is to provide high quality, creative office space, which includes a range of high-quality facilities for its tenants. With £3m funding through the Belfast Region City Deal, the investment programme will act as catalyst for levering in new private sector funded developments.

And by offering a high-quality work environment it is intended that companies will see the value of choosing Newry as a viable base for their business to grow. 

The Grade A Office Development Grant Fund will open later this year.

A summary of the criteria for the new fund is as follows:

• New Build: Proposals for the development of new office space, which is of Grade A standard, capable of attracting and accommodating high value jobs which are defined as high-demand, high wage careers.  

• Redevelopment: The project offers consideration to environmental sustainability which can include the redevelopment of derelict sites, and building refurbishment 

• Location: All developments must be situated within Newry City 

• Statutory Requirements: A valid planning application must be submitted at the time of application, and all statutory permissions must be secured prior to commencement of any building works 

• Output: The new office space is clearly linked to the creation of new full-time employment opportunities.