| |
Derry~Londonderry: Business Operating Costs |
| |
Derry~Londonderry: Business Operating Costs |
|
Introduction
Derry has some of the most competitive operating costs in Western Europe. Coupled with its available talent pool and quality of infrastructure, the city offers a cost and quality proposition that cannot be ignored.
|
Property Comparisons
Derry offers highly competitive land and property costs across all key sectors including office, retail, industrial and residential. Rentals are typically lower than other major UK and ROI Cities. The following table illustrates cost comparisons of high specification office accommodation;
| Location |
Cost (per square foot) |
| Derry |
£11 |
| Belfast |
£14 |
| Birmingham |
£29 |
| Bristol |
£27.50 |
| Glasgow |
£27.50 |
| Leeds |
£27.00 |
| Liverpool |
£20.00 |
| London |
£48.00 - £87.00 |
| Manchester |
£28.50 |
Salary Comparisons
IT Sector
Derry’s software industry is well developed but remains cost competitive by both UK and Irish standards.
| |
Development |
Support |
Project Management |
| NI inc Derry |
£30,200 |
£27,000 |
£37,750 |
| Dublin |
£41,900 |
£37,900 |
£40,600 |
| Galway |
£39,000 |
£36,200 |
£38,600 |
| Cork |
£41,800 |
£37,100 |
£37,700 |
| Glasgow |
£33,000 |
£32,000 |
£41,500 |
| Reading |
£36,300 |
£35,100 |
£47,900 |
| Manchester |
£33,750 |
£32,000 |
£39,000 |
Source: Diamond IT and Invest NI
|
|
Introduction
Derry has some of the most competitive operating costs in Western Europe. Coupled with its available talent pool and quality of infrastructure, the city offers a cost and quality proposition that cannot be ignored.
|
Property Comparisons
Derry offers highly competitive land and property costs across all key sectors including office, retail, industrial and residential. Rentals are typically lower than other major UK and ROI Cities. The following table illustrates cost comparisons of high specification office accommodation;
| Location |
Cost (per square foot) |
| Derry |
£11 |
| Belfast |
£14 |
| Birmingham |
£29 |
| Bristol |
£27.50 |
| Glasgow |
£27.50 |
| Leeds |
£27.00 |
| Liverpool |
£20.00 |
| London |
£48.00 - £87.00 |
| Manchester |
£28.50 |
Salary Comparisons
IT Sector
Derry’s software industry is well developed but remains cost competitive by both UK and Irish standards.
| |
Development |
Support |
Project Management |
| NI inc Derry |
£30,200 |
£27,000 |
£37,750 |
| Dublin |
£41,900 |
£37,900 |
£40,600 |
| Galway |
£39,000 |
£36,200 |
£38,600 |
| Cork |
£41,800 |
£37,100 |
£37,700 |
| Glasgow |
£33,000 |
£32,000 |
£41,500 |
| Reading |
£36,300 |
£35,100 |
£47,900 |
| Manchester |
£33,750 |
£32,000 |
£39,000 |
Source: Diamond IT and Invest NI
|
Contact Centre – Shared Services
Studies have shown that operating costs in the contact centre industry are among the most competitive in Western Europe with costs of set up including salary and premises 10 to 20% lower than the rest of the UK (IBM Location specialists), with quality of service. Customer Support Salaries in the sector start from £11,000 upwards dependent on experience and level of technical ability sought. Investor satisfaction speaks for itself.
Studies have shown that operating costs in the contact centre industry are among the most competitive in Western Europe with costs of set up including salary and premises 10 to 20% lower than the rest of the UK (IBM Location specialists), with quality of service. Customer Support Salaries in the sector start from £11,000 upwards dependent on experience and level of technical ability sought. Investor satisfaction speaks for itself.
Financial Sector – Accountancy
Compared to ROI, salaries are extremely competitive, a selection of accountancy roles surveyed by Brightwater highlight this:
| Job Title |
ROI € |
NI £ |
| Newly qualified accountant |
47,000 – 54,00 |
25,000 – 30,000 |
| Management Accountant |
48,000 – 60,000 |
25,000 – 40,000 |
| Internal Auditor |
50,000 – 68,000 |
25,000 – 35,000 |
Source Brightwater Recruitment Specialists
"The ready availability of a well-educated and cost competitive workforce in Northern Ireland was key to AXA's decision to locate a call centre here. Since launch it has cost less than we had budgeted and independent customer research shows that the team have consistently delivered exceptional service to AXA customers".
Phil Bradley, Executive Director, Ireland, AXA
Compared to ROI, salaries are extremely competitive, a selection of accountancy roles surveyed by Brightwater highlight this:
| Job Title |
ROI € |
NI £ |
| Newly qualified accountant |
47,000 – 54,00 |
25,000 – 30,000 |
| Management Accountant |
48,000 – 60,000 |
25,000 – 40,000 |
| Internal Auditor |
50,000 – 68,000 |
25,000 – 35,000 |
Source Brightwater Recruitment Specialists
"The ready availability of a well-educated and cost competitive workforce in Northern Ireland was key to AXA's decision to locate a call centre here. Since launch it has cost less than we had budgeted and independent customer research shows that the team have consistently delivered exceptional service to AXA customers".
Phil Bradley, Executive Director, Ireland, AXA
|