Big city living costs and demand for work-life balance accelerating local digital economy growth, reports Cavan Digital Hub

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Digital workspace facility breaks the 100-job milestone and forecasts multi-million impact on regional economy.

Tuesday 21st March 2023, Cavan, Ireland.   Cavan’s workspace for digital and tech firms, Cavan Digital Hub, is celebrating over 100 jobs now being supported out of the facility. Opened in 2019 with three Member companies, Cavan Digital Hub today supports 100 skilled digital and technology roles.  78 workers are based in the facility with a further 26 remote roles employed by its clients across the globe.  Together, members and the wider facility generate more than €3 million euro to the local economy in workforce salaries alone.

Pictured-Cavan-Digital-Hub,-CavanIt’s not just the impact of developing and keeping local high-tech salaries in Cavan and the region”, commented Leanne Connell, Manager, Cavan Digital Hub.  “Our member employees live, work, play, eat and shop here and critically they all support local businesses with their digital services and solutions.  This in turn helps local businesses be nimbler, more competitive and lean through digital and technology”, added Connell.

Clients based out of the facility include digital start-ups, established small-to-medium technology businesses and larger firms embracing a hybrid and regional working ethos and seeking a local base in Cavan.  The firms specialise in all areas of the digital spectrum including artificial intelligence, software development, digital services and web solutions.  The average start-up member has grown from one staff member to six staff members in 24 months.  80% of clients are predicting further growth and expansion in 2023.

We have a waiting list of clients seeking office suites and have a steady stream of ‘dedicated desk users’ making enquiries, a great indicator of a future pipeline and next generation of fledgling digital firms and tech entrepreneurs”, added Connell.  Cavan Digital Hub is also an active participant of the ConnectedHubs initiative, funded by the Department of Rural and Community Development, and welcomes approximately 20 digital nomads per month seeking hot-desk facilities, many of which are aspiring digital entrepreneurs taking their first steps.

While occupancy of the facility was initially disrupted by the onset of the coronavirus pandemic, the management team reported a strong rebound in 2021 and 2022.  “Employers across Ireland are seeking out more flexible ways for their employers to work that also cut down on commute times, petrol, childcare, and general big city living and office costs”, said Connell. “However, they rightly don’t want to compromise on quality, safety and professional workplace facilities”, added Connell.

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