Industry & Business

Economy

Cyber attack hits IT systems in Ireland and UK

    Cyber attack hits IT systems in Ireland and UK

Several organisations including big business and government offices in eastern Europe have been hit by a worldwide cyber attack. It has been reported that companies in Ireland may also have been affected, with computer systems at shipping group Maersk failing across regions including Ireland. Danish, British and Spanish multinationals have also been hit by the […]

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Dublin Living Wage Initiative launched

    Dublin Living Wage Initiative launched

The Lord Mayor of Dublin, Brendan Carr, has launched the Dublin City Council Living Wage Initiative at the Mansion House, Dawson Street, Dublin. The initiative recognises businesses which pay a Living Wage of €11.50 per hour, to their permanent employees, by granting them permission to display a Dublin Living Wage Plaque at the entrance to their […]

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Dublin Airport and Enterprise Ireland launch tender competition

    Dublin Airport and Enterprise Ireland launch tender competition

Dublin Airport and Enterprise Ireland, have launched a competition for firms to research and develop potential new solutions to address the challenges of wildlife activity on the airfield at Dublin Airport. Through the Small Business Innovation Research (SBIR) open tender initiative, applicants are encouraged to look at the use of smart, low cost and innovative […]

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Brexit: Challenges with solutions

    Brexit: Challenges with solutions

Ibec has launched a comprehensive set of proposals to progress EU-UK negotiations and limit the negative impact of Brexit on business and the wider economy. In advance of the launch of “Brexit: Challenges with solutions” in Ibec Head Office, Ibec CEO Danny McCoy said the surprise UK election result offered a fresh opportunity for the […]

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CSO figures for overseas visitors in Q1 reflect challenge of Brexit

    CSO figures for overseas visitors in Q1 reflect challenge of Brexit

Commenting on recent CSO figures for the first quarter of 2017, Niall Gibbons, CEO of Tourism Ireland, said: “Despite strong growth in visitor numbers from North America (+13%) and from long-haul markets including Australia (+16%), a decline of -7% in British visitors has led to an overall drop of -1% in overseas visitors to Ireland […]

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Remove provisions on defined benefit pensions – Ibec

    Remove provisions on defined benefit pensions – Ibec

Ibec, the group that represents Irish business, today appeared before the Oireachtas Joint Committee on Social Protection and called on it to remove flawed provisions on defined benefit pensions from the Social Welfare and Pensions Bill. The hearing was part of the pre-legislative scrutiny process in advance of publication of the detailed provisions of the […]

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Dublin BIC launches start-up hub to offer solution to rising office rents

    Dublin BIC launches start-up hub to offer solution to rising office rents

Dublin BIC today announces the opening of its new start-up hub and co-working facility, Space@DublinBIC, as an affordable office solution for entrepreneurs, freelancers and start-ups. Situated on the first and second floors of 61 Dawson Street, Space@DublinBIC has capacity for 200+ people.
Established by Dublin BIC, the organisation providing a comprehensive range of supports to early-stage […]

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Jobs gap closes but recovery remains uneven

    Jobs gap closes but recovery remains uneven

According to the OECD Employment Outlook 2017, the job market continues to improve in the OECD area, with the employment rate finally returning to pre-crisis levels. However, people on low and middle incomes have seen their wages stagnate and the share of middle-skilled jobs has fallen, contributing to rising inequality and concerns that top earners […]

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Irish CEOs see disruption as opportunity for their business

    Irish CEOs see disruption as opportunity for their business

A new survey by KPMG has found that the majority of Irish CEOs (90%) see disruption as an opportunity, not a threat, to their business. While just four in 10 Irish CEOs are confident about growth in the global economy, 84% say they are confident about growth in the domestic economy and 93% are confident […]

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Students from NUIG scoop top prize at Student Entrepreneur Awards 2017

    Students from NUIG scoop top prize at Student Entrepreneur Awards 2017

Paddy MacDonagh and Chris Bogues, students from National University of Ireland, Galway (NUIG), have won the overall Enterprise Ireland Student Entrepreneur of the Year Award and have been named ‘College Entrepreneur of the Year 2017’. The winning entrants beat off stiff competition with their project ‘Coachbook’, an online platform for riding coaches to train horse riders […]

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Northern Trust to add up to 400 new jobs in Limerick over next five years

    Northern Trust to add up to 400 new jobs in Limerick over next five years

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor, Minister for Finance Michael Noonan and Northern Trust have announced that the company is to further expand its operations in Limerick by adding up to 400 new jobs over the next five years.
The expansion is supported by the Department of Jobs through IDA Ireland and […]

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€1.5m in funding for start-ups announced

    €1.5m in funding for start-ups announced

A total of €1.5 million in start-up funding will be available from Enterprise Ireland when two Competitive Start Fund (CSF) competitions open for applications on Wednesday 21 June 2017.
Up to 30 successful applicants will receive high-level business development support and an investment of up to €50,000 each through the Regional Entrepreneurship and Fintech CSFs. Enterprise […]

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Carlow tech company opens new Chicago office

    Carlow tech company opens new Chicago office

Security specialist company Netwatch is set to open a new office in Chicago. The move will create 15 new jobs in the area. The company has chosen Chicago as its North-western location as it is one of the fastest growing regions in the USA for its transportation and logistics hub, built around Chicago O’ Hare […]

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Sandyford to drive Dublin as Smart City

    Sandyford to drive Dublin as Smart City

Sandyford has been pinpointed as a Smart Region capable of driving Dublin on as a Smart City at Ireland’s first Smart Cities Summit in Leopardstown. The Summit, which was organised by Sandyford Business District and Alchemy Event Management, heard that there is currently 450,000 sq ft of available office space in the Sandyford and a […]

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The Future of Food Tech Innovation

    The Future of Food Tech Innovation

“We are moving towards a time when anyone, anywhere can order anything,” according to Amanda Roche Kelly, Managing Director of JUST EAT in Ireland. “Consumers are looking for quick, innovative ways to order foods.”
JUST EAT is Ireland’s leading takeaway delivery service connecting over 1,800 restaurants and over 30 different cuisine types with customers throughout the […]

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Just 29% of Irish people believe schools are providing necessary digital skills

    Just 29% of Irish people believe schools are providing necessary digital skills

A survey commissioned by Ricoh Ireland has found that just 29% of Irish people believe schools are equipping children with the necessary skills for the digital era. It also revealed that only a third of respondents feel that Irish schools have access to the range of modern technologies that will help students to become digitally […]

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Construction to start on GCP2 Production Facility at Takeda Ireland Ltd site

    Construction to start on GCP2 Production Facility at Takeda Ireland Ltd site

Takeda Pharmaceutical Company Limited has announced that a groundbreaking ceremony has been held for its new production facility at the existing Grange Castle site in Ireland. Takeda’s existing footprint at the Grange Castle site will be expanded with the construction of a new standalone, high-containment production facility dedicated to manufacturing its oncology product NINLARO for […]

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Minister Canney leads trade mission to Canada

    Minister Canney leads trade mission to Canada

Seán Canney, Minister of State for the Office of Public Works (OPW) & Flood Relief, has commenced a three-day Enterprise Ireland trade mission to Canada with the programme taking place in Toronto and Ottawa.
The aim of the trade mission is to support participating Irish companies in furthering relationships with new and existing Canadian customers, secure […]

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Irish business model leads to exceptional jobs growth in Q1

    Irish business model leads to exceptional jobs growth in Q1

Ibec, the group that represents Irish business, welcomed today’s exceptionally strong jobs numbers published by the CSO as a sign of the strength and substance behind our business model and that the economy was weathering Brexit uncertainty very well. Worries that weaker than expected income tax receipts signalled a slowdown in employment growth will be […]

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“Prepare for Brexit” roadshow launches in Waterford

    “Prepare for Brexit” roadshow launches in Waterford

As part of a nationwide Brexit roadshow, Enterprise Ireland hosted a ‘Prepare for Brexit’ forum at Studio 1 of the WIT Arena in Waterford. Part of Enterprise Ireland’s #PrepareforBrexit campaign, the Waterford event features speakers from SMEs, large companies and innovative start-ups, including Joe Connolly, CEO, Connolly Red Mills, Robert Byrne, Sales Director, Burnside Eurocyl […]

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Founder of the Year Award 2017 launches

    Founder of the Year Award 2017 launches

Enterprise Ireland has launched the High Potential Start-Up (HPSU) Founder of Year Award 2017. The overall winner will be announced at an awards ceremony supported by Grant Thornton which will take place on Wednesday, 21 June 2017 at the Gibson Hotel, Dublin. Nine start-ups have been nominated by their peers for this year’s Founder of […]

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Manufacturing Technology Centre to create 40 hi-tech jobs in 2017

    Manufacturing Technology Centre to create 40 hi-tech jobs in 2017

Irish Manufacturing Research, Ireland’s first Independent, industry driven, research and technology organisation has opened with the creation of 40 jobs. The Centre specialises in advanced manufacturing technologies and the positions will be high tech research roles in the areas of Industry 4.0, Collaborative Robotics, Industrial IoT, Data Analytics, Energy Efficiency, Additive Manufacturing/3D printing, Design Thinking […]

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Ibec calls for response to cyber attacks

    Ibec calls for response to cyber attacks

Commenting on last weekend’s unprecedented international cyber attacks, Ibec’s Head of Digital Policy, Erik O’Donovan said: “While Ireland appears to have been spared so far in the wave of cyber attacks currently affecting many countries, Ibec is liaising with the Department of Communications, Climate Action and Environment to monitor the situation for Irish businesses.
“We advise […]

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Over €1.4bn worth of construction projects moved on-site in Q1 2017

    Over €1.4bn worth of construction projects moved on-site in Q1 2017

Construction Information Services (CIS) have just published their Q1 2017 Construction Market Review which provides an analysis of activity in the construction sector for the first quarter of 2017 and a comparative analysis against the corresponding period in 2016.
Key Stats
Over €1.4 billion worth of projects moved on-site in Q1 2017
Value of projects on-site is down […]

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Enterprise Ireland client company exports increase by 6%

    Enterprise Ireland client company exports increase by 6%

Enterprise Ireland has announced that its clients recorded export sales of €21.6 billion in 2016, representing a 6% increase on 2015. Export growth to the UK, however, which accounted for €7.5 billion of exports, slowed from 12% in 2015 to 2% in 2016. The slowdown was largely due to a decline in food exports.
Speaking at […]

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All Island Agri-Food Summit takes place in UCC May 2017

    All Island Agri-Food Summit takes place in UCC May 2017

Companies in the agri-food sector are invited to register for the All Island Agri-Food Summit which will take place in University College Cork (UCC) on the 17th & 18th of May, 2017.
Organised by Enterprise Europe Network Ireland in collaboration with Invest Northern Ireland, Enterprise Ireland, Institute of Technology Tralee and UCC, the summit will provide […]

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EngageSmith creates 20 jobs with €400K investment

    EngageSmith creates 20 jobs with €400K investment

Millennial training company EngageSmith has announced it will create 20 new jobs by the end of 2019 as it develops its range of training and e-learning products to respond to the growing demand for millennial training in organisations. The announcement follows a €400,000 injection of private funding in the company, which will enable the creation of the […]

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Minister Mitchell O’Connor publishes survey on Irish SMEs views on Brexit

    Minister Mitchell O’Connor publishes survey on Irish SMEs views on Brexit

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor has published the findings of a survey of 1,045 SME business owners which was conducted in January by Behaviour & Attitudes and has set out a number of actions being developed to support SMEs in responding to the challenges of Brexit.
Minister Mitchell O’Connor said: “While […]

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Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

    Ministers Bruton and Halligan welcome second call for new apprenticeship proposals

The Minister for Education and Skills Richard Bruton and the Minister of State for Skills, Research and Innovation John Halligan has welcomed the opening of the Apprenticeship Council’s second call for new apprenticeship proposals.
Minister Bruton and Minister Halligan have called on employers to come forward with apprenticeship proposals. For companies, the skills that will be […]

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Businesses, public bodies encouraged to enter SEAI Awards

    Businesses, public bodies encouraged to enter SEAI Awards

The Sustainable Energy Authority of Ireland (SEAI) has started the search for sustainable energy leaders as it launched its 14th annual energy awards, the longest running energy leadership awards in the country. The SEAI Sustainable Energy Awards recognise and reward excellence in energy efficiency and renewable energy and are open to organisations, businesses or communities […]

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Bring capital beyond the capital – Financial Services Ireland

    Bring capital beyond the capital – Financial Services Ireland

A recently-held conference in Limerick for local business leaders, hosted by Financial Services Ireland (FSI), explored how the Mid-West can become a finance hub, if the objectives of the Government’s International Financial Services (IFS2020) strategy are realised and if regions get their fair share of economic growth post-Brexit.
Speakers at the conference, Making the Mid-West a […]

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Quick EU-UK exit deal vital so trade talks can begin

    Quick EU-UK exit deal vital so trade talks can begin

Ibec has said new EU Brexit negotiating guidelines reinforce the need for an early agreement on UK exit terms to allow substantial trade talks begin. Ibec welcomed the significant achievement in the explicit recognition of the unique risks that Brexit poses to Ireland. For business, however, massive uncertainty remains. The government must work closely with […]

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Calls made for free trade agreement between EU27 and UK post Brexit

    Calls made for free trade agreement between EU27 and UK post Brexit

FoodDrinkEurope, the EU organisation of the food and drink industry, met in Dublin recently to call for a comprehensive free trade agreement between the EU27 and the UK post Brexit. The group met with An Taoiseach Enda Kenny, Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor and Minister for Agriculture, Food and Marine, Michael […]

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Cork businesses report strong start to 2017 despite Brexit uncertainty

    Cork businesses report strong start to 2017 despite Brexit uncertainty

Cork Chamber’s first quarterly economic trends survey of 2017 reviewed activity over the closing months of January, February and March. The survey, which was conducted by Cork Chamber during April 2017, highlights the confidence and practicality underpinning the Cork business community.
Cork Chamber CEO, Mr. Conor Healy, in commenting on the survey findings, stated: “It is […]

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Esri Ireland to create 35 new jobs

    Esri Ireland to create 35 new jobs

Esri Ireland has announced it will create 35 new jobs over the next two-and-a-half years to support its goal of becoming a €10 million business by 2020. This will bring the total number employed by Esri Ireland to 85. The majority of new employees will be based in Dublin, while some will operate out of […]

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€750,000 announced in start-up funding for female entrepreneurs

    €750,000 announced in start-up funding for female entrepreneurs

Enterprise Ireland’s €750,000 Competitive Start Fund (CSF) for Female Entrepreneurs will open for applications on Wednesday 3 May. Up to €50,000 in equity funding is available to a maximum of 15 successful female applicants with early stage start-up companies. Last year, one in three companies who received CSF investment from Enterprise Ireland were female-led.
As well […]

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DCU researchers develop space sensors for European Space Agency

    DCU researchers develop space sensors for European Space Agency

Three Irish companies have successfully won contracts to develop satellite and communications systems to the European Space Agency (ESA). The three companies are Enbio, InnaLabs, and Pilot Photonics.
Enbio has won a contract to develop advanced surface coatings for Europe’s next generation platform for mid-sized telecommunications missions. InnaLabs will develop a space qualified Rate Measurement Unit […]

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ISME report shows uncertainty around Brexit

    ISME report shows uncertainty around Brexit

The results of the ISME Quarterly Business Trends Survey for the first quarter of 2017 show a decline in the exports sector and an overall decline in profitability expectations for the SME sector. However, there are improvements in the overall confidence indicator index with positives in five of 12 areas. The Trends report also looks […]

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Cope Foundation urges Cork firms to participate in ‘Job Shadow Day Initiative 2017’

    Cope Foundation urges Cork firms to participate in ‘Job Shadow Day Initiative 2017’

On Wednesday, 26th April 2017 Cope Foundation, an organisation providing support and services to 2,350 people with intellectual disability and/or autism in 65 locations across Cork City and County, will participate in and launch the ‘Job Shadow Day Initiative 2017’ as part of the National Job Shadow Week, in conjunction with the Irish Association Of […]

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Government action needed on EU tendering opportunities – ISME

    Government action needed on EU tendering opportunities – ISME

Last month, ISME, the Irish Small and Medium Enterprises Association identified that billions of euro in tendering opportunities would open in the years ahead for Irish business as a result of Brexit. As a consequence of Brexit, British companies are being frozen out of the EU tendering process because they will not be EU members […]

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Retail Ireland announces new Chairman

    Retail Ireland announces new Chairman

Retail Ireland, the Ibec group that represents the retail sector, has announced Willie O’Byrne, Managing Director of BWG Foods, as its new Chairman. Mr O’Byrne will serve a two year term and replaces outgoing Chairman, Conor Whelan, Managing Director of Eason Group. He will be joined at the helm of the organisation by Brian Donaldson, […]

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New postal service offers businesses more choice

    New postal service offers businesses more choice

Citypost has announced it is launching a new nationwide postal service for businesses. The independent postal service said its €0.79 PostPICK-UP cost will undercut the annual costs of existing providers by up to 21%.
The company is offering free postal collection from businesses and delivery to anywhere in Ireland, or in 200 countries globally. Outside of […]

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Citrix to create 150 new Dublin jobs

    Citrix to create 150 new Dublin jobs

Citrix has announced that it will create 150 new jobs as part of an expansion drive at its Dublin office, which is based in East Point Business Park, adding 26,000 square feet of office space to the current footprint. This project is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The job […]

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InterTradeIreland Seedcorn competition launches for 2017

    InterTradeIreland Seedcorn competition launches for 2017

Early and new start companies across Ireland are being encouraged to enter the 15th annual Seedcorn Investor Readiness Competition to be in with a chance of competing for a no-equity total cash prize fund of €280,000. At a time where it is competitive to get seed funding, the competition is a great avenue for ambitious […]

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Calls for Dublin to Belfast one-hour rail link

    Calls for Dublin to Belfast one-hour rail link

Foreign Affairs Minister Charlie Flanagan intends to seek money for a ‘rapid rail link’ between Dublin and Belfast as part of the Brexit negotiations. He added that a special fund may also be needed to help improve our ports as the country looks to diversify trading partners. “I’d like to be able to see rail […]

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300 new jobs announced at Chopped

    300 new jobs announced at Chopped

Health food chain Chopped is set to open 20 new stores in Wicklow, Cork, Waterford and Dublin, creating over 300 new jobs. A further 110 jobs will be created in the UK as the company opens six new stores across the water. The new outlets – which will be a mix of wholly owned and […]

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North South Interconnector needed ahead of Brexit threat

    North South Interconnector needed ahead of Brexit threat

Ibec and the CBI, the two major business groups in the Republic and Northern Ireland, have launched a new report setting out the economic importance and urgent need for the proposed 400kV overhead North South electricity Interconnector (NSIC). The report, prepared by Grant Thornton, demonstrates how the proposed Interconnector will not only safeguard electricity supply […]

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Teagasc hosts meeting to support short food supply chains

    Teagasc hosts meeting to support short food supply chains

On the 10th and 11th of April, Teagasc hosted 20 EU experts in Galway for a two day meeting to examine short food supply chains. This network, known as the SKIN (Short Supply Chain Knowledge and Innovation Network) project, is looking to identify best practice in short food chains across Europe to develop economically resilient […]

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Chamber chief promises Brexit solutions

    Chamber chief promises Brexit solutions

Eoin O’Neill, the new President of the British Irish Chamber of Commerce has said it’s time to move on from handwringing about Brexit to giving the Irish and UK Governments practical business solutions to the new political reality.
Speaking at the Chamber’s AGM in PwC, Mr O’Neill said the Chamber’s member firms on both islands will […]

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Cork start-up programme IGNITE to double capacity

    Cork start-up programme IGNITE to double capacity

Cork start-up programme IGNITE has officially announced it is to double capacity. Speaking this week in UCC’s Western Gateway Building at the IGNITE Open Evening for prospective applicants to the IGNITE 2017/18 programme, IGNITE Director, Eamon Curtin said: “This is an exciting time for IGNITE.  Based on our track record of start-up success we can […]

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60 new jobs announced for Cork region

    60 new jobs announced for Cork region

Enterprise Ireland has announced the creation of 60 new jobs for the Cork region through six of its client companies – Aventamed based in the Rubicon Centre, Cork; Coolmore Foods based in Bandon; EviView based in South Mall, Cork; Intelligent Implants based in central Cork; Rinocloud based in central Cork and Velona Systems based on […]

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New products and markets key to export growth

    New products and markets key to export growth

The ESRI hosted a conference this week to launch the findings of a research programme on “Enterprise Exporting, Innovation and Productivity” undertaken in cooperation with Enterprise Ireland and the Department of Jobs, Enterprise and Innovation. Findings from the programme highlights that diversifying export products and markets plays a major role in driving growth for domestic […]

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365 jobs announced at Version 1

    365 jobs announced at Version 1

An Taoiseach Enda Kenny has announced today that IT services company, Version 1, will be creating 365 IT services jobs over the next three years at its base in Dublin’s city centre. The jobs will be in the areas of ERP, systems integration, cloud and data analytics. Version 1 is aiming to fill 100 positions […]

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Extra 300,000 premises to get high speed broadband

    Extra 300,000 premises to get high speed broadband

Minister for Communications, Climate Action and Environment, Denis Naughten has announced that an additional 300,000 premises across Ireland will be able to access high speed broadband within 90 weeks. These premises were previously part of the State Intervention Area but will now be provided by Eir.
As a result of commercial investment which didn’t materialise, the […]

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€120m paid out by banks over tracker mortgage scandal

    €120m paid out by banks over tracker mortgage scandal

Governor of the Central Bank Philip Lane has told the Oireachtas finance committee that Irish banks have paid out more than €120 million in the past two years in redress and compensation to mortgage customers who were denied a tracker rate. This comprised €78 million paid to 2,600 customers by the end of February as […]

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Two thirds of Irish workers unable to work from home during transport strikes

    Two thirds of Irish workers unable to work from home during transport strikes

Hundreds of thousands of people around Ireland have been affected by the recent and ongoing public transport strikes, with many unable to reach their place of work. For many, that will mean that their entire day is written off. But according to Ricoh, advances in technology mean they could be just as productive at home as […]

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Economic growth outlook impressive despite Brexit effects

    Economic growth outlook impressive despite Brexit effects

Ibec’s new Q1 Quarterly Economic Outlook forecasts growth of 3.1% for 2017 and 2.8% in 2018. Strong improvements in consumer spending and investment are the key drivers behind this growth, but Brexit related trading challenges will weaken export growth.

Ibec’s Director of Policy and Public Affairs Fergal O’Brien stated: “The Irish economy is now in a […]

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€44m investment in early stage funding for high growth companies announced

    €44m investment in early stage funding for high growth companies announced

The Minister for Jobs, Enterprise & Innovation, Mary Mitchell O’Connor has announced that up to €44 million is being made available for co-investment in Seed and early stage growth companies and through Enterprise Ireland has issued an open competitive call to fund managers to signal their interest in establishing funds. This investment will leverage private […]

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