Industry & Business

Economy

Money and progress critical for ambitious Irish millennials

    Money and progress critical for ambitious Irish millennials

EngageSmith has announced its EngageSmith Millennial Workplace Survey that tracks Irish millennials’ attitudes to work and career on a quarterly basis. This is the first edition of the new survey and reveals that 62% of Irish millennials view career progression opportunities as the most important factor in the workplace, while 57% see salary as most critical, bucking […]

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“Propeller Shannon” Start-Up Accelerator at Shannon Airport launches

    “Propeller Shannon” Start-Up Accelerator at Shannon Airport launches

Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has launched the Propeller Shannon start-up accelerator programme, supported by Enterprise Ireland to further enhance the aviation and the aerospace start-up ecosystem within Ireland.
The Propeller Shannon start-up accelerator, a partnership between Shannon Group’s International Aviation Services Centre (IASC), DCU […]

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Dublin Port trade volumes increase 2.9% in first six months of 2017

    Dublin Port trade volumes increase 2.9% in first six months of 2017

Dublin Port Company has published its latest trade figures showing half-year growth of 2.9%, putting Dublin Port on track for a third successive record year. Overall, volumes in Dublin Port have grown by 28.8% in just five years.
Growth was driven by exports which were up by 4.4% with imports ahead by 1.9%. The first half […]

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40 new roles at Queens Uni as EU puts €9m into major energy hub

    40 new roles at Queens Uni as EU puts €9m into major energy hub

A new ‘virtual centre of competence’ is being created at Queens University in Belfast, after the EU’s INTERREG VA Programme pumped money into further bioenergy research. Billed with supporting cross-border research into bioenergy and marine-based renewable energy sources, the hub will see the creation of 40 new roles.
The €9.3m project will focus on heat, biogas […]

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New initiative for Irish SMEs

    New initiative for Irish SMEs

Crowe Horwath has partnered with Dublin Chamber to create the ‘Pinnacle Programme’, an initiative targeted at businesses with a turnover of at least €1 million and employing 10 or more staff.
The programme aims to support the leaders and owners of Irish SMEs in building lasting value in their businesses ensuring they achieve their full potential. […]

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Resources for Budget 2018 €400 million more than estimated

    Resources for Budget 2018 €400 million more than estimated

Ibec has called on the Government to show further ambition in meeting Ireland’s critical infrastructure and demographic needs. Launching the group’s Budget 2018 submission, Ibec said that the Government has more within its power to spend on investment in much needed infrastructure, education and training, if it so chooses.
Speaking at the launch of the submission, […]

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Bord Gáis Energy Index drops 7% in June, as oil, gas and electricity prices continue to fall

    Bord Gáis Energy Index drops 7% in June, as oil, gas and electricity prices continue to fall

The Bord Gáis Energy Index fell 7% in June and is 5% lower than the same period last year. June saw a broad drop in wholesale energy markets as oil, gas and electricity all registered falls – coal was the only exception with a 2% gain. A stronger euro over the month versus both sterling […]

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NCC publishes Ireland’s Competitiveness Scorecard 2017

    NCC publishes Ireland’s Competitiveness Scorecard 2017

The National Competitiveness Council has published its annual benchmarking report, Ireland’s Competitiveness Scorecard 2017. The Scorecard provides a statistical assessment of Ireland’s competitiveness performance with regard to a range of countries with which we compete for trade and investment.
Based on the analysis herein, the Council finds that many facets of Ireland’s competitive performance continued to […]

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ISME calls on employer representatives on the LPC to resign

    ISME calls on employer representatives on the LPC to resign

ISME, the Irish Small and Medium Enterprises Association, has called on the three employer representatives on the Low Pay Commission to resign from it. According to the Association, it fully supports the points raised by them in their dissenting opinion to the Commission’s recommendation. However, since the LPC has departed from its terms of reference […]

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‘Ireland’s stability seen as a strength in an uncertain world’

    ‘Ireland’s stability seen as a strength in an uncertain world’

Address by Martin D. Shanahan CEO, IDA Ireland at the MacGill Summer School
Uncertainty is the “mot du jour” or more accurately the “mot de l’année”. It pervades the global, the political, the economic, and the business environments and it is to the forefront of the minds of investors. This uncertainty is driven by geo-political developments, […]

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SFA criticises recommendation for 30c increase in minimum wage

    SFA criticises recommendation for 30c increase in minimum wage

The Small Firms Association (SFA) has criticised the recommendation of the Low Pay Commission for the National Minimum Wage to increase to €9.55 per hour.
Linda Barry, SFA Acting Director, stated: “Two-thirds of SFA members plan to give pay rises this year, but increases will be based on the performance of the individual worker and the […]

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HireUp wins in Enterprise Ireland Competitive Start Fund competition

    HireUp wins in Enterprise Ireland Competitive Start Fund competition

A new Irish company HireUp is solving a big problem for companies that are spending huge sums every year on recruitment fees. Hiring talent is a costly business with traditional recruitment agencies charging up to 30% of a first year salary. Experience and proven ability are attributes that are always in demand and especially now […]

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Irish Exporters Association elects first female President

    Irish Exporters Association elects first female President

The Irish Exporters Association (IEA) has announced that Nicola Byrne, Founder of 11890 Directory Inquiries and Cloud90, is the President of the Irish Exporters Association. Nicola takes over the IEA Presidency from Paschal McCarthy who has served as IEA President since January 2016. Nicola is the organisation’s first female President since its establishment in 1951.
Simon […]

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UK top destination for professionals leaving Ireland

    UK top destination for professionals leaving Ireland

According to new data released by LinkedIn, the UK remains the top destination for professionals leaving Ireland, despite the country’s intention to leave the European Union. The level of movement between both countries did fall, however, with approximately 26% of all talent leaving Ireland opting for the UK between October 2016 and April 2017, compared […]

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Underlying growth in Irish economy remains robust

    Underlying growth in Irish economy remains robust

Ibec, the group that represents Irish business, welcomed the publication of new national accounts published today by the CSO which show that the economy continues to grow strongly despite the challenges of Brexit. GDP in Q1 2017 grew by 6.1% annually, reflecting strong leading indicators. There are some worrying elements to the figures, however, with […]

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Unilever Foundry launches in Ireland

    Unilever Foundry launches in Ireland

Unilever has announced a new partnership between its global startup collaboration platform, Unilever Foundry and Dogpatch Labs, Ireland’s leading startup hub. The Unilever Foundry is a platform for startups and innovators to engage, collaborate and explore business ideas with Unilever and its 400+ brands. This partnership will provide a clear path for Irish startups to […]

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Beazley plc to establish European insurance company in Dublin

    Beazley plc to establish European insurance company in Dublin

Insurance firm Beazley plc is to establish a European insurance company in Dublin. The company, which is an IDA Ireland client, will increase its European business from its Irish base. In order to expand its access to EU markets, Beazley plc has been granted a European insurance licence for its existing reinsurance company in Dublin. […]

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Retailers call for reform of local authority rates system

    Retailers call for reform of local authority rates system

Retail Ireland, the Ibec group that represents the retail sector, has launched a new policy paper entitled ‘Tackling the rates burden’. The paper highlights the serious deficiencies in the current system governing how local authority rates are levied and collected from retailers, resulting in over €200 million in uncollected rates each year. The retail sector […]

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Nearly 1,900 new company start-ups a month in first half of 2017

    Nearly 1,900 new company start-ups a month in first half of 2017

According to Vision-net.ie, new figures show that nearly 1,900 new company start-ups (1,878) were formed, on average, each month in the first half of 2017. This is an increase of 6% compared to the same period last year.
With the exception of June, company start-ups were up every month compared to 2016—including by almost 20% in […]

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Sharp increase in jobs saved through examinership

    Sharp increase in jobs saved through examinership

New data released to mark the end of the second quarter of 2017 has shown a sharp increase in jobs protected in examinership cases as businesses in Ireland face increasing uncertainty. The latest Baker Tilly Hughes Blake Examinership Index revealed that 112 jobs were saved through the examinership corporate recovery mechanism in the second quarter […]

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Dundalk’s first SuperValu to open this autumn

    Dundalk’s first SuperValu to open this autumn

SuperValu has announced the creation of over 40 jobs at a new SuperValu store in Dundalk. Due to open in Autumn this year, the 17,600 squ feet store will be located in a new retail development at the former Fairways Hotel Site in Dundalk.

A further 70 jobs will be supported during the development’s construction phase. […]

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Ireland is fifth most open economy globally

    Ireland is fifth most open economy globally

According to ICC Ireland, Ireland is currently ranked fifth in the International Chamber of Commerce (ICC) Open Markets Index highlighting the importance of international trade for the Irish economy.
Commenting on the ICC Open Markets Index, Ian Talbot ICC Ireland Secretary General said: “Ireland ranks fifth globally, an improvement of one place since the last publication of this […]

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2% of British businesses support a ‘no deal’ negotiation option

    2% of British businesses support a ‘no deal’ negotiation option

One month on from the General Election, the British Chambers of Commerce (BCC) has published a post-election survey of over 2,400 companies, which shows that while businesses have a range of views on their preferred objectives for the UK in Brexit negotiations, there is almost no support to conclude UK-EU talks without a trade deal.
Asked […]

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Applications open for Innovation Arena at the National Ploughing Championships 2017

    Applications open for Innovation Arena at the National Ploughing Championships 2017

Applications for the National Ploughing Championships Innovation Arena and Awards, in conjunction with Enterprise Ireland and the Irish Farmers Journal, are now being accepted with the deadline extended to the 15 July 2017. Irish agri companies are invited to apply to showcase their products and innovations at the heart of the NPA Innovation Arena at […]

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Public Health (Alcohol) Bill will slash advertising revenue to Irish media by €20m

    Public Health (Alcohol) Bill will slash advertising revenue to Irish media by €20m

Economist Jim Power has published a report entitled ‘The Potential Impact on Irish Media of the Public Health (Alcohol) Bill 2015’, which was commissioned by media owners. The Public Health (Alcohol) Bill 2015 seeks to introduce widespread restrictions to the advertising of alcohol in Ireland. This includes restrictions on the content of advertisements and advertising […]

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Tánaiste welcomes agreement on landmark new trade deal with Japan

    Tánaiste welcomes agreement on landmark new trade deal with Japan

Tánaiste and Minister for Enterprise and Innovation Frances Fitzgerald and Minister for Trade Pat Breen have welcomed the milestone in achieving progress on the EU new trade deal with Japan which will bring great benefits to Ireland.
The Tánaiste welcoming the landmark deal said: “Together with the EU- Canada Comprehensive Economic and Trade Agreement, today sends […]

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Success of Horizon 2020 showcased in Brussels

    Success of Horizon 2020 showcased in Brussels

Enterprise Ireland and Science Foundation Ireland, on behalf of Ireland’s national support team for Horizon 2020, hosted a breakfast meeting this week for Irish research leaders in Brussels ahead of the European Commission’s conference “Research & Innovation – shaping our future”.
This event was an opportunity to highlight the success to-date of Ireland’s participation by researchers […]

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HBAN wins at European Business Angel Awards Annual Awards 2017

    HBAN wins at European Business Angel Awards Annual Awards 2017

HBAN, the all-island group responsible for the promotion of business angel investment in Ireland, today announces that it won the Best Business Angel Week Award at the EBAN (European Business Angel Network) Gala Dinner Awards Ceremony held inMálaga, Spain on Thursday, 8th June.
HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland, won the prestigious European accolade based on […]

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Entrepreneurs need level playing field to generate jobs, innovation and regional growth

    Entrepreneurs need level playing field to generate jobs, innovation and regional growth

At the National Economic Dialogue in Dublin Castle, the Small Firms Association has (SFA) called on Government to introduce measures in Budget 2018 to encourage entrepreneurship and business formation.
Linda Barry, SFA Acting Director, stated: “We need entrepreneurs and owner-managers to create jobs, drive innovation and boost the vibrancy of our regions. Yet government policy continues […]

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Recognising the achievements of Ireland’s Champions of EU Research

    Recognising the achievements of Ireland’s Champions of EU Research

Minister of State for Training, Skills, Innovation, Research and Development John Halligan and Julie Sinnamon, CEO of Enterprise Ireland presented outstanding achievement awards to academic researchers, companies and research organisations that have reached the pinnacle of European research at the ‘Ireland’s Champions of EU Research’ event which took place on the 28th of June.
Sixteen individuals […]

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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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