Analysis by the Construction Industry Federation shows value of repair, maintenance and improvement work in the construction industry in Waterford was over €105million in 2015.
Fuelled in part by Home Renovation Incentive (HRI) which was introduced by the Government in late 2013, a total of €13.09 million has been spent on over 990 projects by homeowners in Waterford.
At an average spend of €13,222 per project, homeowners embarking on minor home renovations and energy upgrades have provided a huge incentive to the legitimate construction contractors, rather than losing it to the black market. The extension of the Home Renovation Incentive to rental properties in late 2014 has also added further activity to this sector.
The figures are contained in a county by country report by the Construction Industry Federation (CIF) which shows that in Waterford, €105.8m was spent on Repairs, Maintenance and Improvement (RMI) work including residential premises, non-residential premises such as offices, factories, and other buildings and civil engineering work.