A MORATORIUM on large new retail developments in the midwest will result in the loss of 700 future jobs in Tesco’s operations, the retail giant has said.
Tesco said regional planning guidelines should not curtail retail development – particularly convenience retailing and lower-order comparison goods – in these centres as it was required to maintain their self-sufficiency and avoid unsustainable travel.
The retailer said the approach would also result in the significant loss of jobs and investment in Ennis, Shannon, Nenagh and Thurles.
Draft planning guidelines covering Limerick, Clare and north Tipperary are proposing that local authorities allow no net increase in floor space in large retail developments other than that arising from redevelopment projects.
Tesco said the moratorium would cost the region €100 million in lost capital investment.
“By restricting this planned investment, there may be a loss of tax revenue and continued growth in unemployment estimated to cost €5.5 million per annum. It is apparent that the regional planning guidelines for the midwest will act as a barrier to retail development, investment and employment-creation.”
The Tesco statement adds: “Tesco are not involved in speculative retail developments, but rather seek to construct/occupy units where a proven need exists following detailed research and analysis.”