21 May 2022

Center Parcs dismiss potential Brexit fears

The firm remains committed to the planned site at Newcastle Wood

Center Parcs dismiss potential Brexit fears

Center Parcs chiefs have moved to allay fears over how a potential Brexit vote tomorrow (Thursday) could impinge on its plans to create a €233m leisure resort in Ballymahon.

In a statement to the Leader this week, a spokesperson for Center Parcs said the firm remained fully committed to opening the 395 acre site at Newcastle Wood in 2019.

“We don’t believe that if the UK leaves Europe this will have an impact on our plans to bring Center Parcs to Ireland,” said the spokesperson.

The assurance comes amid heightening concerns thatsterling and equities could plunge by between 20 and 30 per cent if Brexit becomes a reality by the early hours of Friday morning.

Such a plunge would have a major negative impact on exports from Ireland to the UK with many experts also commentating on the likely after-effects it would have on Ireland's tourism industry.

Those doubts have also spread to high ranking executives stationed here.

Of 330 senior executives surveyed by headhunters Merc Partners, 87 per cent said Brexit would have unfavourable ramifications on the Irish economy, a four-point increase on a year ago.

Center Parcs plans to bring 250,000 visitors to Longford each year.

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