With 130,000 people now employed, the technology sector has overtaken agriculture as Ireland’s largest industry, according to Ken Finnegan (pictured above), formerly Chief Technology and Research Advisor for IDA Technology Ireland and now Director of Technology & Innovation for the about to be opened Harbour Innovation Campus at Dún Laoghaire. About 15,000 of these tech […]
Designed to foster collaboration between industry, academia and government agencies, the 2018 Research and Innovation Conference & Exhibition attracted over 1,000 visitors from across the major industrial sectors in Ireland to the Citywest Hotel, Dublin, on Wednesday, March 14th.
The visitors who braved the inclement weather were able to meet with the key organisations that are […]
The Government has launched Enterprise 2025 Renewed and the Action Plan for Jobs 2018. The Action Plan for Jobs 2018 is the 7th cross-Government annual plan to support job creation, while Enterprise 2025 Renewed is a review of Ireland’s longer term enterprise strategy.
Speaking at the launch, Minister for Business, Enterprise and Innovation Heather Humphreys TD stressed the importance of joined-up thinking when it comes to […]
A survey by the Construction Industry Federation (CIF) has found that on average approximately only 1 out of 10 construction workers are female. The survey found that on construction sites 99% of workers are male, whilst offsite, 54% are male and 46% are female. Of those women working in construction roles considered ‘offsite’ the majority […]
Glanbia Ireland, Ireland’s leading dairy and agri-business company, has officially reopened its Wexford cheese plant following a major capital investment programme. The €35 million investment in the facility, just outside Wexford town, has been supported by the Government of Ireland through Enterprise Ireland since 2014 and has doubled peak capacity at the plant.
Glanbia Ireland is […]
The 2018 Research and Innovation Conference & Exhibition, being held on Wednesday, 14th March 2018 at the Citywest Convention Centre, Dublin, will feature an impressive line-up of industry leaders, academics and government agencies who will engage in a stimulating blend of key note addresses and debates.
Designed to foster collaboration between industry, academia and government agencies, […]
The latest Banking and Payments Federation Ireland figures showing very steady improvement in mortgage lending is to be welcomed but the big impediment keeping the market out of kilter with what could be considered the norm is the massive deficit in supply, according to Brokers Ireland.
Rachel McGovern, Director of Financial Services at Brokers Ireland.
Rachel McGovern, […]
“The bioeconomy is a transition requiring a transition,” said Teagasc researcher Dr Maeve Henchion, co-organiser of ‘Ensuring the Continued Success of the Bioeconomy in Ireland: Progressing & Translating Research’, a Teagasc-hosted event held in Dublin recently. She said: “It requires new support frameworks and policies, and new ways of conducting research to ensure it achieves […]
Science Foundation Ireland (SFI) has launched the Research Infrastructure Programme 2018. The aim of the SFI Research Infrastructure Call is to support the research community in building and sustaining the required infrastructural capacity to accomplish high quality, high impact and innovative research in areas of science and engineering that demonstrably enhance and underpin enterprise competitiveness […]
Initiative Ireland, headquartered at NovaUCD, has launched a new annual housing report, entitled Housing 2031. The report was commissioned to provide a more accurate and consistent view of housing supply and demand over the last 25 years in the Republic of Ireland, to more reliably forecast true housing demand up to 2031.
Padraig W Rushe, CEO of […]
By John Whelan
International policy leaders attending the recent Bio Pharma Ambition conference in Dublin Castle were addressed by Dr Lorraine Nolan, the chief executive of Ireland’s Health Products Regulatory Authority and a member of the European Medical Agency (EMA). She stressed that continued good working relationships with the UK regulatory MRHA, would be essential for the […]
The Government has published The National Development Plan 2018–2027, the most recent in the series of such capital plans adopted since 1988. The National Development Plan 2018–2027 is an ambitious plan designed to drive Ireland’s long term economic, environmental and social progress across all parts of the country over the next decade. The plan is […]
From helping small businesses spot ‘mega’ trends to assisting start-ups to close more sales, the 31 Local Enterprise Offices (LEOs) are teaming up to run hundreds of events across the country from 4th to 9th March.
Over 300 events are planned for Local Enterprise Week (4th to 9th March), to increase awareness of the range of […]
The Government has announced the development of Ireland’s first national Space Strategy for Enterprise by the Department of Business, Enterprise and Innovation. The Strategy will set out how Ireland can maximise the benefit of its investment in the European Space Agency (ESA) and in the European Union’s (EU) flagship space programmes, Copernicus, Galileo and Horizon […]
The Government has published an independent study by Copenhagen Economics examining the impact of Brexit on Ireland’s trade and economy. The study examines the implications and quantifies the impact of possible new barriers to trade which might emerge as a result of Brexit. It considers a range of possible Brexit scenarios – an EEA-type scenario, a […]
Food Drink Ireland (FDI), the Ibec group that represents the food industry, has said the full implementation of the December Brexit deal was vital to protect complex all-island supply chains. The deal now needs to be put into a binding legal contract, there can be no black-sliding on clearly agreed commitments. At the launch of […]
The National Institute for Bioprocessing Research and Training (NIBRT) has published its 2017 Annual Report, announcing substantial growth across all areas of research and training activity. 2017 was another excellent year for NIBRT, a year which saw activities continue to grow on the back of a robust and thriving biopharma sector. In particular, NIBRT research […]
The new EU Winter 2018 Interim Economic Forecast puts GDP growth for Ireland at 7.3% for 2017 – compared to the 4.8% predicted in the Autumn Economic Forecast. This is the fastest growth rate in the EU for 2017.
The forecast growth rate for 2018 is also revised upwards – from 3.9% to 4.4%. This is the third highest […]
Chef Software, a Seattle based software company, and leader in Continuous Automation software, is to create 55 new jobs with a new software development centre in Belfast. Chef is one of the founders of the DevOps (Development and Operations) movement, and has over 1,000 customers spread across many industries such as Facebook, Nordstrom, Target, IBM […]
The European Investment Fund (EIF) has signed a second agreement with Microfinance Ireland (MFI) to support 2,100 micro-entrepreneurs under the European Commission’s EU Programme for Employment and Social Innovation (EaSI) after the first one signed in 2015. As a result of the EU support, the EaSI guarantee provided by the EIF will enable MFI to provide an […]
A net total of 3,700 new jobs were delivered in 2017 by start-ups and small businesses from across the country that have been supported by the Local Enterprise Offices (LEOs). This brings the total number of new jobs created by LEO-backed companies to 15,000 since the LEOs were set up in 2014.
The jobs results by […]
JLL has released new research that places Dublin as a global ‘Innovator’ city for the future. Among the new city types, ‘Innovators’ that possess world-class capabilities in science and technology have seen investment volumes grow by 50% since 2006.
Underpinned by strong entrepreneurial and research capabilities, Innovators such as Berlin, Boston, Seattle and Dublin are important cities in […]
Irish gin is expected to go global this year, with exports set to rise significantly, according to Alcohol Beverage Federation of Ireland (ABFI), which has just released its outlook for 2018. In the outlook, ABFI, which represents drinks manufacturers and suppliers in Ireland, raised serious concerns about what it describes as the draconian and disproportionate […]
The Irish manufacturing sector, which contributes 25% of GDP and employs over 44,000 people both directly and indirectly, is key to Ireland’s continued economic success, according to Pat Breen TD (pictured above), Minister of State with special responsibility for Trade, Employment, Business, EU Digital Single Market and Data Protection. However, manufacturers face two formidable challenges […]
Attracting more than 2,500 visitors, from across the country, and featuring 235 speakers and 350 exhibitors, the 2018 National Manufacturing and Supply Chain Conference & Exhibition, held recently in the Citywest Convention Centre in Dublin, is the largest annual gathering of the manufacturing and supply chain community in Ireland.
Now in its fifth year, the National […]
“Businesses across Ireland must prepare themselves for a ‘hard’ Brexit. You must establish your exposure now,” cautioned Lucinda Creighton (pictured), when addressing the recent National Manufacturing and Supply Chain Conference & Exhibition, held at the Citywest Convention Centre in Dublin.
Lucinda Creighton is the founder of Vulcan Consulting and a former Member of Parliament and Minister […]
Over 50,000 jobs have been created in the construction industry since the lowest point of the recession in 2013. CSO figures indicate that industry has hired approximately 1000 people per month in this period. It is expected that 1 in 16 people in the economy will be employed in construction by 2019 as the industry […]
The Irish Tourism industry needs to work towards changing the perception amongst overseas visitors to reposition Irish food and drink from being a pleasant surprise to becoming one of the compelling reasons to visit Ireland, according to remarks from Paul Keeley, Director of Commercial Development at Fáilte Ireland, at a briefing to tourism and food […]
A record-breaking 29.6 million passengers travelled through Dublin Airport last year. A significant increase in long-haul traffic, and a robust performance from continental European routes, were the main elements of a 6% increase in passenger numbers in 2017, which was the seventh consecutive year of growth at Dublin Airport.
About 27.8 million passengers started or ended […]
Take placing on the 31st January in the Citywest Convention Centre, Dublin, the 2018 National Manufacturing and Supply Chain Conference will be the largest gathering of manufacturing and supply chain professionals in Ireland. The annual event will welcome 3,000 manufacturing and supply chain industry professionals, 200 speakers and will feature more than 170 exhibitors.
There will […]
The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found that while 75% of SMEs expect to be impacted by Brexit over the next 18 months, only 16% have a formal Brexit contingency plan.
The Behaviours & Attitudes (B&A) survey, which was conducted last autumn, asked […]
Policies should aim to rebalance growth by encouraging regional development led by a small number of large urban centres outside Dublin, according to new ESRI research. If the current pattern of growth continues, it will lead to a further gap in prosperity between Dublin and the rest of the country. In Dublin, it will lead to additional […]
The Rebuilding Ireland Home Loan, a new Government-backed mortgage for first-time buyers, will be available nationwide from local authorities from Thursday, 1 February 2018. The loan can be used both for new and second-hand properties, or to build your own home.
In line with Central Bank rules, a person or couple can borrow up to 90% […]
Combined total traffic through the Port of Cork and Bantry Bay Port Company reached 10.3 million tonnes in 2017, a very good increase of 8.6% compared to 2016. Total imports increased by 6.4% while exports increased by 12.3%. The Port of Cork total container volumes through both Tivoli and Ringaskiddy Container Terminals grew by 3.7% […]
The Bord Gáis Energy Index for December is 5% higher as the wholesale price of oil, gas, coal and electricity all rallied during the month. Gas prices jumped by 8% as news broke of a shutdown of the key Forties pipeline which brings oil and gas to the UK from the North Sea. This was followed […]
Three counties have come together to create a low carbon, energy efficient zone which they say will be a unique magnet for internationally-trading companies looking for a near zero emissions European base and access to a major talent pool. Partners from across Carlow, Kilkenny and Wexford involved in the newly-established 3 Counties Energy Agency (3CEA) say the new […]
The Sustainable Energy Authority of Ireland (SEAI) has published its annual results for 2017. It shows a record €105 million government investment in energy efficiency and renewable energy, allocated through the Department of Communications, Climate Action and Environment (DCCAE). This included €70 million investment in home and community energy upgrades, 40% of which went to […]
The impact of Brexit on Ireland’s supply chain and potential border issues will be a prominent topic at this years National Manufacturing and Supply Chain Conference. The conference is the largest gathering of manufacturing and supply chain professionals in Ireland and will take place on the 31st January in the Citywest Convention Centre, Dublin.
The annual […]
The value of Irish food, drink and horticulture exports increased by 13% in 2017, to reach €12.6 billion for the first time. The figure increases to €13.5 billion when non-edible products such as forestry are included.
According to Bord Bia (Irish Food Board), last year’s export performance was driven by a surge in dairy exports to […]
IDA Ireland, the Irish Government agency responsible for attracting foreign direct investment to Ireland, has announced that employment levels in foreign owned companies have reached 210,443. This figure surpasses the overall five year target of 209,000 which was set in 2015 in IDA Ireland’s Winning: Foreign Direct Investment 2015-2019 strategy.
IDA Client Employment grew by 5.3% […]
Enterprise Ireland, the Government agency responsible for developing Irish business globally, has reported the creation of 19,332 new jobs by Enterprise Ireland backed companies in 2017. 209,338 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 […]
The analysis found that in 2017 the industry continued to be a major contributor to economic activity across the country. The drinks and hospitality industry supports 204,000 jobs, with a wage bill of €4.3 billion. Many of these jobs are in rural communities, as the industry is present in every county across the country. It […]
The European Commission has approved under EU State aid rules an Irish scheme to reduce the taxation of employee share options for SMEs. The scheme will allow small and medium-sized companies to recruit and retain employees without unduly distorting competition in the Single Market.
Under the Irish support scheme, employees of small and medium-size companies (SMEs) […]
The latest Commercial Real Estate (CRE) Sentiment Tracker from Origin Capital, completed by 180 industry professionals, identified industry concerns about the current planning regulations and processes in Ireland and the recent increase in commercial property stamp duty as being among the risks faced within the sector.
Findings on CRE in Ireland generally:
84% believed that planning regulations […]
Mintel has revealed the key consumer trends set to impact Europe in 2018. Over the coming year:
Consumers will take to the seas to reel in recycling as a new wave of marine conservation emerges.
Digital disclosure legislation and hacks will see Europeans safeguard their data – and ask more for sharing it.
Expect to see teenage kicks […]
New research published by the ESRI finds that greater skill utilisation and skilled migration are required to support a productive and competitive economy. The research examines the difference between the skills possessed by employees and those required to do their job. The report also explores sources of future skilled labour supply, including Ireland’s ability to attract […]
Ireland is not on track to meet its 2020 targets or to decarbonise its economy by 2050, according to the Climate Change Advisory Council’s first Annual Review. “The actions in the current National Mitigation Plan do not put Ireland on a pathway to achieve our 2020 targets or our long term decarbonisation objective,” said Chair […]
The European Commission has approved under EU State aid rules the new capacity mechanism for the jointly operated Irish and Northern Irish electricity market. The mechanism will help ensure security of electricity supply whilst preserving competition in the Single Market.
Commissioner Margrethe Vestager, in charge of competition policy, said: “The joint Irish and Northern Irish capacity mechanism will […]
The outcome of the annual review of the residential mortgage measures has been published by the Central Bank of Ireland. The review is based on analysis of mortgage lending data in the context of wider housing market developments. The review considered the appropriate setting for the measures in 2018, given the current conditions and the […]
Milk production in Ireland has gone from 5.5 billion litres to over 7 billion litres and that trend is set to continue. That was the opening message from Michael Hanley, chief executive of Lakeland Dairies, as he delivered the key note address at the recent Teagasc National Dairy Conference.
“Our milk suppliers are increasing production by […]
Invest Northern Ireland has appointed managers for a new £50 million fund which will generate investment into high potential Northern Ireland companies. Clarendon Fund Managers Limited (CFM) has been appointed to manage the Co-Fund NI II which aims to stimulate more private investment in NI companies that demonstrate high growth potential and have innovative and export […]
New safefood funded research into the cost of childhood overweight and obesity on the island of Ireland has estimated the total lifetime cost to be €7.2 billion (€4.6 billion in the Republic of Ireland; £2.1 billion in Northern Ireland). The study¹, led by University College Cork (UCC) and involving leading academic institutions and multidisciplinary research […]
The European Investment Fund (part of the EIB Group) and the Strategic Banking Corporation of Ireland (SBCI) have tripled their finance for Irish SMEs under the COSME programme in Ireland with a new increase to €330 million. The deal means that from 2018, in total, an expected 10,000 companies in all sectors across Ireland will […]
Limerick’s economic resurgence has taken another giant step forward as the European Investment Bank (EIB) confirmed a record commitment for an urban Ireland investment programme for the city. EIB will commit to €85million in lending to Limerick City and County Council to be spent on transforming the 1.62 hectare Opera Site in the city centre […]
HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland, plans to increase the amount invested in Irish start-ups by HBAN angels to €25 million per year by 2020. This will see HBAN increasing angel investment by 17% per year for the next four years.
A key focus will […]
79% of engineering employers expect their businesses to grow in 2018, a new Engineers Ireland survey has revealed. The findings indicate that engineering employers are very confident for the year ahead with 82% also planning to hire more engineers. 2017 was also viewed in a positive light by those surveyed, with 60% saying their financial […]
New ESRI research analyses a number of demographic and economic factors to forecast trends in house prices. The research finds that over the period from 2017-2020, house prices could rise by 20% in real terms if projections for strong economic growth over the period are realised and if the slow rate of housing supply continues.
Invest Northern Ireland is to increase its presence in Australia with a new Regional Manager to be based in Sydney. The announcement was made as Invest NI’s Chief Executive, Alastair Hamilton was leading a recent trade mission to Australia. The trade mission includes thirteen companies from a number of leading Northern Ireland sectors including ICT, Advanced […]