The new EU framework for the screening of foreign direct investments is now in force. The framework will be instrumental in safeguarding Europe’s security and public order in relation to foreign direct investments coming into the EU.
President of the European Commission, Jean-Claude Juncker said: “We need scrutiny over purchases by foreign companies that target Europe’s […]
Investment
Johnson & Johnson Vision Care (Ireland) will be adding approximately 100 new roles as part of a €100 million expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The project is supported by the Irish Government through IDA Ireland.
Approximately 200 additional workers are expected to be employed in the construction […]
CNP Santander Insurance, the Irish-based insurance company that designs and manages insurance products for distribution in more than 10 European countries, has announced that it has invested €3.5 million in its Dublin expansion following significant growth over the last three years.
Since 2015, CNP Santander Insurance – which is a joint venture between Santander, one of […]
Cork Airport, Ireland’s fastest growing and most punctual airport, has opened a new Airport Control Centre (ACC) and purpose-built office suite following a further significant investment in the airport by daa. The two new facilities were officially opened by An Tánaiste and Minister for Foreign Affairs & Trade, Simon Coveney TD (pictured right).
Managing Director at […]
Belfast financial services company HNH is investing over £1.3 million to create 14 new jobs to help it capitalise on opportunities in the global financial advisory market. The firm currently offers corporate finance, business restructuring, forensic accounting, recruitment and human capital advisory services. It is now adding a transactions services division and a mergers and acquisition […]
A €31 million project has been approved for an ambitious four-year floating offshore wind project. Subject to consenting, it is planned that a full-scale floating wind turbine be deployed for testing off the west coast of Ireland at a Sustainable Energy Authority of Ireland (SEAI) test site near Belmullet, County Mayo, by 2022. The project is […]
Having welcomed 31.5 million passengers during 2018 – a new record – Dublin Airport is currently being expanded to ultimately cater for more than 20 million additional passengers.
“We are building an airport to accommodate 55 million passengers a year,” pointed out Brian Collier (pictured above), Head of Construction Procurement at daa (Dublin Airport Authority), when […]
“If there is a ‘crash-out’, we will be ready. We are working 24/7,” said Maurice Buckley (pictured), Chairman of the Office of Public Works (OPW) and Vice President of Engineers Ireland, about preparations for installing infrastructure at ports and airports in the event of a ‘no deal Brexit’. “Eighteen separate construction projects are now underway […]
The Ireland Strategic Investment Fund (ISIF) is backing the acquisition of the Green Isle Foods and Donegal Catch manufacturing and export businesses by a group led by the former Chief Executive of Largo Foods (Tayto), Maurice Hickey. The acquisition will support over 100 jobs at the manufacturing plant in Gurteen, County Sligo and offices in […]
Terex Corporation, a global manufacturer of lifting and material processing solutions, is to establish a new facility in Campsie, Londonderry as part of a £12 million investment. The new facility will manufacture product lines for Terex Ecotec (waste management and recycling) and Terex Conveying Systems (TCS) (mobile conveying). The investment will create 100 new jobs.
Speaking at […]
The European Commission has published a comprehensive report on the implementation of the Circular Economy Action Plan it adopted in December 2015. The report presents the main results of implementing the action plan and sketches out open challenges to paving the way towards a climate-neutral, competitive circular economy where pressure on natural and freshwater resources as well […]
Finnebrogue, the Downpatrick-based artisan food manufacturer, is to create up to 125 new jobs following its £17 million investment in its state-of-the-art nitrite-free bacon facility. The Invest Northern Ireland-backed investment has enabled the company to establish a manufacturing facility in Downpatrick for the production of its nitrite-free bacon, hailed by many experts as a breakthrough […]
The Government has announced details of a €4.3 million investment in the Irish Research Council’s Enterprise Partnership Scheme. The Irish Research Council’s Enterprise Partnership Scheme supports collaborations between researchers and partner organisations. Over the coming months, a total of 53 researchers will take up positions at higher education institutions in collaboration with 48 partner organisations.
The awards are two […]
Funding into Irish technology firms fell by 25% to €739 million in 2018, according to the Irish Venture Capital Association VenturePulse survey published in association with William Fry. The fourth quarter of 2018 showed a decline in funding of 35% to €115 million, continuing the trend of previous quarters.
“However, the fourth quarter did contain some […]
GW Plastics, an industry-leading healthcare injection moulding and contract manufacturing company, is expanding its operations in Sligo, creating over 200 new jobs. GW Plastics established its first European location with the purchase of Avenue Mould Solutions in 2017, and is growing its operation in response to increased customer demand in its medical device and drug delivery […]
Signifyd, the market leader in guaranteed fraud protection, has announced its first-ever investment in Northern Ireland with a 150-person global R&D centre in Belfast. The centre will broaden the company’s European presence and support its global drive to provide innovative e-commerce technology and services for retailers.
Signifyd’s expansion puts the company in an ideal position to […]
Carbery Group, the West Cork-based international nutritional ingredients, flavours and natural cheese producer, has started construction work on a new manufacturing facility at its site in Ballineen. In the planning for some time, the new plant represents a €78 million investment by Carbery Group.
The investment will allow the organisation to diversify from its exclusive production […]
Enterprise Ireland, the state agency responsible for the development and growth of Irish companies in global markets, invested €23 million in Irish start-ups in 2018 and supported a total of 132 start-up companies. Investment was provided in the form of equity through Competitive Start Funds (CSFs) and High Potential Start-Up (HPSUs) funding programmes by the […]
Dungannon-based EDGE Innovate is implementing a four year expansion programme focused on innovation, employment, skills development and export growth. The company is investing nearly £8 million in the business including an expansion of its production and office facilities and the construction of a new 37,500 sq ft factory. The investment also includes the creation of 80 […]
Finch Capital, a leading early stage venture capital firm with offices in Amsterdam, London and Singapore, has announced that it now has an active presence in the Irish market and is dedicating up to €20 million to Irish start-ups in the fintech sector, following a €10 million investment from Enterprise Ireland.
In 2018, Finch Capital closed […]
The AIB Brexit Sentiment Index for Q4 2018 reveals that 35% of SMEs in the Republic of Ireland (ROI) and 40% in Northern Ireland (NI) that had planned to expand or invest in their business have either cancelled or postponed investment plans due to Brexit. In line with this, 68% of SMEs in ROI believe […]
Zeus, the Irish-owned global packaging solutions company, has officially opened its state-of-the-art €15 million Dublin premises with the announcement of its strategic acquisition of Essential Supplies, a leading Irish hygiene supplies company.
Founded in 1992, the Naas-based company, which will continue to trade as Essential Supplies, has an annual turnover of €7 million. Driven by this acquisition […]
AMI, Ireland’s leading secure IT recycling company, plans to create 30 new jobs in the next two years, bringing its total workforce to 90 by 2021. The new roles will be shared across AMI’s Dublin and Belfast locations, whose premises will also be expanded, as part of a strategic €4 million investment.
AMI will leverage the […]
The Robot Exchange, specialists in Robotic Process Automation (RPA) solutions (facilitating the automation of repetitive tasks), is investing in a research and development project that will deliver innovation in the areas of machine learning and artificial intelligence.
The company, founded just over a year ago, is headquartered in Nottingham but is setting up a research and […]
Assystem Technologies and its affiliates have relaunch under a new brand. 18 months after taking over the operations of Assystem SA’s Global Product Solutions division, and following a series of acquisitions in 2018 including SQS – an industry leading quality partner for digital business with a 500 people-strong presence in Ireland, the organisation becomes Expleo.
To […]
Fat Fish a cross functional digital marketing agency in Newry, is creating six new roles in 2019 to support its sales growth in North America. Established last year, Fat Fish Marketing helps its customers to increase the reach of their online presence, developing and implementing digital campaigns which drive sales growth. Many of its customer […]
Glanbia Ireland, Ireland’s largest dairy processor, and Royal A-ware, a leading global cheese and dairy producer in The Netherlands, plan to enter a strategic partnership that proposes to build a new continental cheese manufacturing facility in Belview, County Kilkenny, Ireland. It is proposed that a total of €140 million will be invested in this best-in-class […]
Boyce Precision Engineering has officially opened its new manufacturing facility and announced plans to almost double its workforce as part of a £6.9 million investment. The company has built a new facility at Charlestown Road Industrial Estate in Portadown on a site purchased from Invest Northern Ireland. The investment is part of a five year project […]
“Manufacturing is incredibly important to our economy and we are going through a ‘Renaissance’. Our economy has been performing strongly and manufacturing is at the centre,” said Fergal O’Brien (pictured), Director of Policy and Chief Economist, IBEC, when addressing the recent National Manufacturing and Supply Chain Conference at Citywest Hotel in Dublin.
“Ireland is one of […]
The Irish manufacturing sector employs over 250,000 people and accounts for 32% of Ireland’s GDP – significantly higher than the European average of 15% and Germany at 21%, according to Martin Shanahan (pictured), CEO of IDA Ireland. Manufacturing also plays a key role in helping to address the regional imbalance in the Irish economy with […]
Lir, Ireland’s ocean energy test facility, has been officially opened in Ringaskiddy, County Cork by Minister for Foreign Affairs Simon Coveney, TD. Located in the €20 million UCC Environmental Research Institute (ERI) Beaufort building, Lir – the National Ocean Test Facility – provides world-class laboratory testing for offshore wind, wave and tidal energy devices. The […]
Fáilte Ireland – the National Tourism Development Authority – will invest €5 million to support the tourism sector as it prepares for Brexit. The announcement marks a significant ramping up of activities to ensure Irish tourism is both ‘product-ready’ and ‘industry-ready’ ahead of the UK withdrawal from the EU.
The investment comes as new figures published by Fáilte Ireland […]
Datapac, Ireland’s leading ICT solutions provider, has announced a new five year sponsorship deal with the National Opera House in Wexford valued at€175,000. This year marks the National Opera House’s 10th anniversary, during which time Datapac has been a long-standing supporter.
The investment will go towards the digital transformation of the Opera House and will help maintain […]
€3.6 billion of Irish property traded during the year 2018 across nearly 200 deals. This level is significantly higher than 2017, when €2.2 billion traded. This is a 58% increase year-on-year. Total volumes were boosted by a significant increase in larger-sized transactions, with 21 deals greater than €50 million, of which 11 were greater than […]
Hastings Hotels is investing almost £2 million in staff training designed to enhance the world class hospitality currently offered across the group. Speaking about the investment, MD of Hastings Hotels, Howard Hastings, said: “People are our greatest asset so naturally the ongoing training and development of our staff is of the utmost importance. This is […]
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, has announced that it plans to recruit 75 new business angels in 2019. The new investors will have a combined total of at least €15 million available to invest […]
Novi, the secure IT and cloud service provider, has launched Novi OneCloud, following a €150,000 software development investment. The result is Ireland’s first integrated cloud service which allows customers to aggregate multiple cloud solutions from the world’s leading vendors in a secure environment designed to facilitate streamlined deployment, management, access, reporting and billing.
Novi OneCloud is […]
Visiblegy Limited, a start-up tech company focused on the global pharmaceutical industry, is recruiting 11 new staff as part of investment plans that will more than quadruple its workforce. Visiblegy is a technology company focused on providing solutions to the healthcare industry to deliver insights that will lead to patients getting better treatment outcomes across diverse […]
Global indigenous business Lowe Rental has invested significantly in its e-commerce and e-marketing capabilities to drive further growth across its worldwide customer base. With support from Invest Northern Ireland, the business has launched a completely new integrated online platform which encompasses nine regionalised sites with over 2400 unique pages.
Headquartered in Lisburn, The Lowe Rental Group is […]
Companies in the European Union have increased their investment in research and development (R&D) for the eighth consecutive year, according to the new 2018 Industrial R&D Scoreboard published by the Commission. The findings show that EU companies’ 2017 R&D investments grew by 5.5% as compared to the previous year. In a telling sign of an […]
The world’s largest international financier for renewable energy, the European Investment Bank, will back renewable energy investment across Europe in co-operation with Dublin-based NTR plc. The EIB’s €84 million backing for the NTR Renewable Energy Income Fund II was announced at an EIB investment conference at the Central Bank of Ireland attended by more than […]
Swedencare AB, which acquired the Nutri-Science brand, product range and manufacturing facility in Waterford in November 2016, has moved into new, larger premises, which was purchased earlier this year, in the city which it has redeveloped to more than double its capacity and secure and expand its workforce presence in Waterford.
NutriScience was originally an Irish […]
IDA Ireland, in partnership with IT Sligo and Sligo County Council, have officially opened a new fast landing property solution. The establishment of IDA Ireland’s first fast landing service at Embankment House, Sligo, to be known as ‘The Landing Space’, will provide an open plan, turnkey collaborative working environment for companies who wish to quickly […]
Imperva, a leading global provider of best-in-class cybersecurity solutions, is expanding its operations with a new office in Belfast, creating 220 new jobs. Imperva solutions use data, analytics, best-of-breed software, and its community’s expertise to deliver simple, effective and enduring protection for its customers, on-premises, in the cloud and across hybrid environments. The company aims […]
Fáilte Ireland has highlighted major investment opportunities in hotel stock in key cities. Its latest report on the current and future availability of accommodation shows that there is significant opportunity in Kilkenny for further bed capacity, while Galway also has scope for greater accommodation supply, following strong year-on-year growth in the number of overseas tourists […]
Ireland’s largest energy users saved €14.5 million in energy costs last year, that is according to the annual review released by the Sustainable Energy Authority of Ireland (SEAI). The review shows that the reduction in carbon emissions achieved is equivalent to taking almost 30,000 petrol or diesel cars off Ireland’s roads.
This review presents the energy […]
Limavady-based Seating Matters is investing in a range of measures to grow export sales of its chairs across European and US markets. The family business works with leading healthcare organisations around the world and hopes to build on its recent supplier listing within the network of Veterans Hospitals in the USA.
Eight new jobs will be […]
ApisProtect, an Irish agtech innovator using the Internet of Things (IoT) to monitor honey bee colonies, has announced the close of a €1.5 million seed round of financing led by top-tier international venture capital investors Finistere Ventures and Atlantic Bridge Capital. Radicle Growth, the Yield Lab and Enterprise Ireland also participated in the investment round.
ApisProtect will use the investment to aggressively accelerate international expansion, opening […]
Dublin’s Guinness Enterprise Centre (GEC) has invested €200,000 in its innovative new CoConnect initiative. The programme, a home-away-from-home for businesses and their employees, will build connections between the GEC and the 120 enterprise hubs across the island of Ireland. The purpose of the initiative is to enrich the start-up ecosystem throughout the country by promoting […]
Bausch Health Companies will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Waterford, Ireland and Rochester in the US. The company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.
“Bausch + Lomb is one […]
Propertybridges.com, Ireland’s new peer to peer lender to the property development marketplace, has just successfully fulfilled its first loan. Over 100 lenders piled into the 250k loan for a new mews build in Sandycove, County Dublin and supported the small developer as well as made 8.5% return for themselves. The whole process took less than […]
The Department of Business, Enterprise and Innovation, the Government of Ireland, through Enterprise Ireland, and the European Investment Fund (EIF) have signed an agreement to double the size of the existing European Angels Fund Ireland (EAF Ireland) to €40 million. The European Angels Fund Ireland co-invests alongside approved Business Angels in Irish-based internationally trading SMEs and […]
Following the landmark sale of his materials business to Breedon plc in April 2018, Kevin Lagan (pictured) has outlined his plans for the targeted and sustainable growth of his retained companies, Lagan Homes, FastHouse and a new investment arm, Lagan Investments. Kevin, who has been the driving force behind one of Ireland’s most successful construction […]
Facebook has announced that it is expanding its investment in Ireland by acquiring a long-term lease of 14 acres for a new campus development in the heart of Ballsbridge in Dublin 4 – the premises known as the Bank Centre currently occupied by AIB. The move will see Facebook quadruple its current floorspace to 870,000 […]
ILC Dover, a global leader in flexible containment solutions for the pharmaceutical and biopharmaceutical industry, is expanding its Irish production footprint by opening a location in Blarney, County Cork, creating up to 70 jobs over two years. The project is supported by the Irish Government through IDA Ireland.
Welcoming the announcement, Minister for Business, Enterprise & […]
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, plans to recruit 50 new female business angel investors over the next three years. HBAN will run a series of events to encourage more female investors to invest in ambitious start-ups based […]
daa has awarded the main construction contract for Dublin Airport’s new North Runway to a joint venture comprising Irish firm Roadbridge and Spanish infrastructure company FCC Construcción (FCC). The contract is for the design and construction of the new 3.1 km North Runway at Dublin Airport. Mobilisation and preparatory site works will begin immediately, and […]
PropertyBridges.com – a new Irish owned peer to peer property development company – has opened for business and has launched Ireland’s first peer to peer property development investment opportunity. The PropertyBridges.com platform will raise money for small developers, small construction companies and private companies looking to develop housing and match them with thousands of lenders […]
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