Economic Assessment of South-East Galway Bay Finds it Supports 550 Jobs – Afloat

A one-year economic assessment of the southeast Galway Bay catchment has found it generated revenues of 105 million and supported about 550 jobs.

The report was commissioned by Cuan Beo, a community based coastal organisation working in south-east Galway Bay, and is the first of its kind according to the group.

Its findings were presented at a regional event held late last week which was attended by local politicians and policymakers, representatives of State agencies, and farmers, fishermen, community and tourism groups, scientists and environmental groups living in the catchment.

The event was moderated by Dr Michel Cinnide, former director of the Environmental Protection Agency and now with Corrib Beo.

The report describes how a very distinct geographical area is connected by a common drainage system, drawing all rainfall and run-off water in the catchment and discharging it into Galway Bay.

It is one of 46 catchments in Ireland, according to the EPA, and covers an area of approximately 1,200 Km2. It includes about 117 km of coastline stretching from Galway harbour to Blackhead in Co Clare and extends inland to Athenry, Loughrea and Gort.

The report highlights the value and importance of data collection and management for the catchment, and potential growth areas across a number of key sectors where the resources available in the catchment could be developed in a sustainable manner to create new jobs and generate revenue.

These growth areas include climate technology, blue health, marine and coastal tourism, research and local community development and the report says they offer unparalleled opportunities for growth and sustainable development, building on the circular economy and supporting climate-resilient communities.

Now that we have established market and non-market economic baselines, this report will heighten awareness with policymakers and planners as to the true value of the resource base and the marine environment, Cuan Beo chair Diarmuid Kelly said.

It will promote this catchment as a location for research and development in sustainability and environmental enhancement. This will become increasingly important as social and environmental measures, such as carbon emissions and sustainability development goals, are established and monitored, he said.

The report was conducted by Dr Colm ODowd who noted that valuing both market and non-market products and services from the marine environment is necessary if they are to be included in marine spatial planning and management decisions.

For example, while we know that shipping and tourism are vital economic pillars in this catchment, there is little awareness of the value of marine-related recreation or the potential healthcare savings associated with activities such as seaswimming, ODowd said.

Assessing the economic value of these activities and of marine ecosystems should influence decision making on marine spatial planning and support improvements in water quality and access to coastal areas, he said.

The report was funded by Cuan Beo, the Local Authority Waters Programme (LAWPRO) and the EU Maritime and Fisheries Fund under the FLAG West Programme.

A copy of the report is available here

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Economic Assessment of South-East Galway Bay Finds it Supports 550 Jobs - Afloat