Employment in Enterprise Ireland-backed businesses will reach record levels in 2023, with over 225,000 jobs created by the end of the year.
A total of 15,530 new jobs will be created in 2023, 68% of which will be based outside of Dublin.
However, many job losses were recorded throughout the year, with the post-pandemic recession hitting the tech industry particularly hard, with thousands of jobs shed around the world. The net number of jobs created by Enterprise Ireland companies was just over 5,000.
The institute’s results were announced at an event held by APC VLE in Cherrywood, Dublin, where the company announced that it would be hiring 300 people as part of a €100 million capital plan to establish a new medicine accelerator campus He announced that he would create high-quality jobs.
Mark Barrett, CEO and co-founder of APC and VLE Therapeutics, said this expansion will enable the company’s team to transform drug development and manufacturing.
“It is our motivation and purpose to reimagine how medicines are developed and facilitated delivery to patients,” he said. “Enterprise Ireland’s support has been critical to accelerating this expansion and we look forward to continuing to work with them on our mission to accelerate the delivery of medicines to patients. ”
Enterprise Ireland chief executive Leo Clancy said employment in businesses supported by the agency was at its highest level.
He said: “Despite a challenging business environment, Ireland’s export-focused companies continue to create high-quality jobs across Ireland.”
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“Despite very challenging economic conditions, including high costs, rising interest rates, inflation and international instability, businesses supported by Enterprise Ireland added 15,530 new jobs to the economy, exceeding this year’s target. .”
Enterprise Ireland said there was particularly strong growth in the West, North East and North West. Among key sectors, food and sustainability increased by 3%, while industrial and life sciences, technology and services both increased by 2%.
Mr Clancy said the agency would focus on supporting Irish entrepreneurs to expand their businesses globally.
“At Enterprise Ireland, we are determined to support both start-up and established businesses to increase sales and exports in global markets, resulting in increased employment. We continue to innovate to ensure we remain competitive in a very expensive and turbulent global market, and Enterprise Ireland is here to support them on that journey.”
Minister for Enterprise, Trade and Employment Simon Coveney said it was positive that companies receiving EI support had recorded employment growth for the third year in a row.
He said: “2023 has been a particularly difficult year for Irish exporters, with rising input costs, high interest rates and international uncertainty among other challenging issues that have affected performance.” “The Government is determined to support businesses to meet these challenges and continue to create high quality jobs in every region of Ireland.”