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Wednesday, 3rd January 2018

Job creation in Louth up 5% in companies backed by Enterprise Ireland

Business

Pictured at today’s announcement by Enterprise Ireland were, from left:Terence O’Rourke, Chairman, Enterprise Ireland. Minister for Business, Enterprise and Innovation, Heather Humphreys TD and Julie Sinnamon, CEO, Enterprise Ireland. Photo: Iain White - Fennell Photography.

6,121 people employed by companies supported by the agency in Louth.

Enterprise Ireland, the Government agency responsible for developing Irish business globally, has reported strong job creation by its client companies in Louth, with a 5% increase in the number of jobs created during 2017.

A total of 19,332 new jobs were created by companies supported by Enterprise Ireland in 2017. 209,388 people are now employed in companies supported by the agency. This is the highest total employment achieved in the history of the agency.

This represents a net increase of 10,309 jobs for 2017, taking account of job losses. In line with total employment levels, the net increase in jobs, is the highest on record with Enterprise Ireland. The job creation figures are up on 2016, showing strong consistent year on year growth, despite the uncertainty that Irish businesses faced in 2017 in the context of Brexit.

Job creation was evenly spread across the country, with every county seeing job increases. Two thirds (64%) of the new jobs created were outside of Dublin. The West, Mid-West and North West saw the largest level of increases at 7% in 2017.

Enterprise Ireland attributes this strong performance by Irish businesses to the continuing growth of an entrepreneurial climate for start-ups, allied to strong jobs growth in the Construction (8% increase), Engineering (8% increase), Lifesciences (8% increase), Digital Technology (6% increase), Electronics (6% increase), Food (4% increase) and ICT sectors (5% increase).

Making the announcement today Enterprise Ireland Chief Executive Julie Sinnamon said: “Today’s figures represent another year of strong performance by our client companies who now employ over 209,000 people and are a barometer of the robust health of Irish businesses. Despite the challenge and uncertainty created by Brexit, Irish companies have continued to grow their global exports, supporting strong job creation across all of the regions of Ireland.

“… It is imperative, however, that Irish businesses continue to build on the strength of their 2017 performance and implement robust plans to prepare for the impact of Brexit.”

Minister for Business, Enterprise and Innovation, Heather Humphreys TD said today’s results are consistent with the strong employment performance across the economy.

“I am very pleased to see this strong level of job creation delivered for Louth by Enterprise Ireland backed companies.

“The priority of my Department, through Enterprise Ireland is to support companies in Louth and right across the country to continue to build on this strong job creation performance. “Whatever the outcome of the complex Brexit negotiations that lie ahead, it is vital that as a country we are ready and the Government continues to take initiatives to bolster the capacity of our enterprise agencies to drive exports and support investment.”

Today, Enterprise Ireland also announced the launch of a new Market Discovery Fund to support Enterprise Ireland backed companies to diversify into new markets and promote new products to existing markets. There are three levels of funding available; up to €35,000, up to €75,000 and up to €150,000.

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