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Framing a place-based investment strategy for Fermanagh & Omagh

Fermanagh and Omagh, the largest district by land area in Northern Ireland, faces challenges and opportunities in its journey toward inclusive and sustainable economic growth. Despite being the most sparsely populated district, it has demonstrated resilience in productivity, outperforming the Northern Ireland average with a GVA per hour of £36.70 in 2022. This growth is underpinned by strong export intensity, a robust manufacturing base, and significant natural assets such as the Fermanagh Lakelands and Sperrins, which offer both tourism potential and renewable energy generation.

The report by The Productivity Institute applies the “capitals” framework – physical, human, social, financial, institutional, intangible, and natural – to assess the district’s strengths and weaknesses.

Social capital emerges as a major strength, ranking in the top 15% of UK local authorities, while natural capital supports ambitions for a regenerative tourism economy and Net Zero transition.

However, financial capital and skills utilisation remain key barriers, with low private investment and high economic inactivity among women. Strategic initiatives like the Mid South West Growth Deal, PeacePlus, and Shared Island programmes aim to address these gaps, alongside sustained lobbying for infrastructure upgrades, promoting innovation, and supporting green industries and renewables with progress to Net Zero.

The recommendations are clear: build a cohesive place-based identity, accelerate cross-border collaboration, and invest in skills and childcare provision to unlock human capital. By leveraging its natural assets, fostering innovation, and aligning local strategies with Northern Ireland’s Economic Vision, Fermanagh and Omagh can position itself as a model for sustainable, inclusive growth.

Authors Marianne Sensier, Joel Hoskins, Michael Francis, Kate Penney, Abhi Sharma, Philip McCann

Part of the Investment in Places Campaign.

Themes

  • Geography & Place

Published

10/02/2026

Cite

M. Sensier, J. Hoskins, M. Francis, K. Penney, A. Sharma, P. McCann (2026) Framing a place-based investment strategy for Fermanagh & Omagh., Productivity Insights Paper No. 074, The Productivity Institute.
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