Tipperary Tourism Receives €10m Investment

Cloughjordan Eco Village

Two North Tipperary tourism projects are set to attract more than €10m investment following their approval under the Government’s Mid Shannon Tourism Investment Scheme (MSTIS).

The scheme will be  administered by Shannon Development and Failte Ireland.

The MSTIS is a special initiative aimed at stimulating and encouraging sustainable investment along the River Shannon Corridor. The MSTIS which is aimed predominantly at the micro, small and medium tourism sector, is a tax measure aimed at stimulating tourism investment by providing accelerated capital allowances The central objective is the sustainable development of new tourism infrastructure, or the refurbishment of existing tourism infrastructure, with a view to increasing the inflow of tourist visitors to the area. The Government have set out a tourism investment corridor along the mid Shannon area an area where investment will be eligible.

The Oldcourt Tourist Resort in Terryglass, Co Tipperary, will accommodate 42 self catering bedrooms, interactive education facilities, water sports, resort spa,  together with outdoor activity centre, health cuisine and an upgrading of a private marina.

Project number two is The Cloughjordan Village Eco Hostel and Learning Centre, which will offer a wide range of programmes based on environmental issues, sustainable living and self-development, based in an existing Eco-village environment.