Manufacturing & Supply Chain

Employment in Enterprise Ireland supported companies increases to a record 225,495

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Employment in Enterprise Ireland supported companies increases to a record 225,495

Employment in Enterprise Ireland supported companies increases to a record 225,495
January 12
09:00 2024
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Employment in client companies of Enterprise Ireland increased to a total of 225,495 in 2023, the highest ever recorded. The total number of jobs created was 15,530.  When job losses are taken into account there was a positive net jobs result of 5,011 in a very challenging year for businesses.

Eight out of nine regions recorded net jobs growth, with the West region (+5%), the North-East region (+5%) and the North-West region (+4%) performing particularly strongly.  68% of new jobs created in 2023 in companies supported by Enterprise Ireland were located outside the Dublin region.

Each of Enterprise Ireland’s three main sectoral divisions recorded jobs growth with Food and Sustainability now employing 66,047 people (+3%), Industrial and Life Sciences employing 93,652 (+2%) and Technology & Services employing 65,796 people (+2%).

Climate, Sustainability & Agritech performed strongly, with employment increasing by 7%, as did Dairy, Drinks and Food FDI with a 5% increase in employment.

Life Sciences companies saw employment increase by 4% and employment in the High Tech Housing and Construction sector increased by 3%.

Digital Technology and Fintech sectors continued to grow at a moderate 2% despite technology industry headwinds, with international education and edtech reporting 5% employment growth.

Minister for Enterprise, Trade and Employment, Simon Coveney, TD, said: “It is positive to see Enterprise Ireland supported companies recording jobs growth for the third year in a row.  2023 was a particularly challenging year for exporting Irish businesses with rising input costs, high interest rates and international instability among the challenging issues that impacted business performance.  Government is determined to help business face these challenges and continue to create high-quality employment across every region in Ireland. In addition to direct financial support, we are working with our economic development agencies, including Enterprise Ireland, to ensure an increased focus on innovation, digitalisation and sustainability so that Irish companies can continue to compete and win in global markets.”

Enterprise Ireland CEO Leo Clancy (pictured above) said: “Irish export-focused companies are continuing to create quality employment across Ireland, despite a challenging business environment. Employment in companies supported by Enterprise Ireland is now at its highest ever level at over 225,000 people. Despite very challenging economic conditions including higher costs, interest rates, inflation and international instability, Enterprise Ireland backed companies added 15,530 new jobs to the economy, ahead of our target for the year.”

Leo Clancy added: “At Enterprise Ireland we are determined to support both the start-up sector and established companies to increase sales and exports in global markets which results in increased employment. Business sentiment among our client companies remains very high and they are continuing to innovate to ensure they are competitive in global markets that remain turbulent. Enterprise Ireland is here to support those companies on that journey.”

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