Enterprise Ireland companies create 12,000 jobs

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Companies supported by Enterprise Ireland increased their net employment by almost 12,000 last year, new figures show.

The agency said 68 per cent of jobs were created outside Dublin, with increases in employment across all regions of the country. The North West saw a 9 per cent rise, with a 7 per cent increase in the South East.

Strong growth was reported in the life sciences sector, which saw growth of 14 per cent in jobs. Business services increased 12 per cent, and digital technology saw a 10 per cent increase.

Enterprise Ireland said the 11,911 net new jobs in 2021 was the highest annual increase in net employment it has reported. A total of 20,342 new jobs were created over the year.

Companies supported by Enterprise Ireland in 2021 account for a total of 207,894 jobs.

Trade

“Over 200,000 people now work in Enterprise Ireland client companies. That’s almost as many people working for multinationals. It’s great to see Irish exporting companies performing so strongly last year notwithstanding the disruption to trade caused by Brexit and the pandemic. There was a net increase in employment of almost 12,000,” Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar, said.

“I am particularly pleased that jobs growth occurred in all regions with almost 70 per cent of new jobs growth occurring outside of Dublin and particularly strong growth in the north-west and south-east. This is an extra-ordinary performance.”

The agency said a total of €61.6 million funding was approved last year to support more than 340 companies hit by Covid-19.

“Enterprise Ireland has been working with businesses throughout the country to ensure they can quickly recover from the impact of Covid-19 and continue to adapt to the new trading relationship with the UK. It is very important and welcome to see job growth in every key economic sector and every region,” said Enterprise Ireland CEO, Leo Clancy.

“Our core focus for the coming years will be on helping our clients realise further growth resulting from the significant opportunities that a recovering global economy presents for the benefit of every community in Ireland.”

Enterprise Ireland also published a new three-year strategy for Irish business, aiming to create 45,000 new jobs by 2024 and increase exports to €30 billion. Among its stated aims are: establishing Ireland as a world-leading location to start and grow a business; delivering competitive advantages to Irish businesses through innovation and digitalisation; and having Irish businesses lead globally on sustainability and achieving climate action targets.

Factors

“Business is being transformed by factors such as climate change, the accelerated adoption of technology, and changing trends in globalisation in a way that presents unprecedented market opportunities, notwithstanding ongoing challenges for companies,” Mr Clancy said.

“To succeed in changing times, Irish enterprises must invest to strengthen capability and competitiveness, respond quickly to changing consumer preferences, innovate ahead of competitors, and be flexible and open to changing business models.

“Resilient, internationally focused, and productive Irish enterprises are critical to the future growth of the Irish economy, supporting livelihoods and contributing to prosperity throughout Ireland. Enterprise Ireland’s strategy 2022-2024, ‘Leading In A Changing World’, sets out the key initiatives we will undertake to deliver on the ambitions for Irish enterprise.”

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