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 […]
A new wireless broadband provider based in the North West, Beacon Broadband, is creating 12 jobs in Derry to help it increase its export sales and position itself for future growth in the Republic of Ireland market.
Beacon Broadband delivers high speed wireless broadband to homes and businesses.
Des Gartland, Invest Northern Ireland’s North West Regional Manager welcomed the […]
NI Water, the Department for Infrastructure, Education Authority and the Department of Education have announced that an innovative new rainwater garden to help reduce the risk of flooding has been completed at Clandeboye Primary School. £70,000 has been invested in the garden, which is an innovative flagship project for NI Water and the Department for […]
International hotel management company, The PREM Group, are preparing to enter the final phase of a major €6.5 million redevelopment of their latest acquisition, Cahernane House Hotel in Killarney. Purchased by the PREM Group in 2016, Cahernane House Hotel has undergone extensive renovations over the past 18 months in a bid to return the luxury […]
HBAN (Halo Business Angel Network), the all-island organisation and joint initiative of Enterprise Ireland and InterTradeIreland, responsible for the promotion of business angel investment, plans to sign up a record 35 new business angel investors at its national conference on Thursday 8th February in the Royal Hospital, Kilmainham. They will bring a combined €7 million of […]
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 […]
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, has announced its predictions for 2018. HBAN is forecasting a 17% increase in angel investing in Irish start-ups as the economy grows in 2018, and it will reach €25 million per year by 2020.
HBAN, a joint initiative of Enterprise […]
Exeter Property Company has appointed contractors for the construction of a new 110,000 sq. ft. state-of-the-art logistics facility at Greenogue Business Park, just minutes from the Naas Road at Rathcoole. On completion, the company expects to employ over 200 people at the facility, whilst over 50 jobs will be created during construction.
“With the absence of […]
Londonderry-based technology firm Wurkhouse is to create 30 digital marketing jobs as part of ambitious expansion plans to help it grow its export sales. Wurkhouse provides innovative marketing solutions to a wide range of clients based both locally and outside of Northern Ireland.
Welcoming the investment, Invest Northern Ireland’s Chief Executive, Alastair Hamilton said: “Wurkhouse is a […]
Irish fashion buyer turned jewellery designer, Jane Asple of Emma by Jane has won the South Dublin Enterprise Ireland, ‘Best Start-Up’ Business award at the 2017 awards. Since applying in September 2017, Jane was shortlisted to attend a two-day Bootcamp and pitch the company plans to a panel of Judges who saw “confidence, ambition and […]
Invest NI has welcomed US technology firm Cayan’s reinvestment in Northern Ireland. Since establishing its technology development operation here in 2013, Cayan has seen steady growth over the past four years and expects its overall headcount in Northern Ireland to rise to 240 people by 2019.
Building on the success of its Northern Ireland engineering division, Cayan has […]
The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country.
The new children’s hospital project includes two […]
Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia.
Recruitment is underway to employ 83 additional staff at […]
Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease.
The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design […]
Fingal County Council has signed a €70 million Framework Loan Agreement with the European Investment Bank (EIB) which will trigger a €180 million investment in strategic infrastructure projects within the county’s Capital Development Plan. This represents the first EIB support for county-wide investment in partnership with an Irish local authority for more than a decade […]
A £10 million Centre of Excellence in Precision Medicine has been launched by Invest Northern Ireland and Queen’s University Belfast. The Centre of Excellence in Precision Medicine will develop an internationally accredited laboratory focusing on diagnostics which can be used to predict a cancer patients’ response to treatment. This will allow potentially costly drugs to […]
Companies across Ireland are expected to benefit from cheaper financing following a new €200 million initiative agreed by the European Investment Bank and DLL, a global vendor finance company and 100% subsidiary of Rabobank. The new scheme will strengthen leasing and financing for SMEs and mid-cap companies active in agri-business and the food industry, construction, […]
Reward, Europe’s largest Card Linked Offers and loyalty platform provider, is establishing a new software engineering team in Belfast, creating up to 60 new jobs. Working with some of the world’s largest retailers from Amazon to Waitrose, Reward is developing a cloud based platform that enables retailers to optimise their marketing spend by providing loyalty […]
Strencom, the Irish managed connectivity and cloud computing provider, has announced €6 million investment from reinvested profits and the addition of 20 employees to its current 28 people in its Dublin and Cork offices. The jobs are being created on the back of strong revenue growth of over the past three years. The company is […]
Yelo, a leading test equipment manufacturing company, has officially opened its new 25,000 sq ft facility at Trooperslane Industrial Estate, Carrickfergus. Invest Northern Ireland offered Yelo over £243,000 towards the construction project.
Invest NI’s Chief Executive, Alastair Hamilton, says: “This new facility marks an exciting new chapter for Yelo that will facilitate the company’s continued growth in […]
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 […]
North West based technology firm MetaCompliance is recruiting 69 new jobs over the next three years to help develop its worldwide sales and market presence. The company develops software and creative content for the cyber security sector and is aiming to triple its turnover by capitalising on the demand for cloud based cyber security products.
To deliver on […]
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 […]
SMEs in Fermanagh and Omagh are investing over £1.5million to grow their market share in Great Britain. Struct Steel Engineering, Curran Gas Limited and Greentown Traffic Management from Fermanagh and Omagh-based companies New Generation Agri and Oran Oak Engineering, have been working with Invest Northern Ireland to help grow their business.
31 new roles are being recruited across the five […]
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 […]
A recent IMF Assessment evaluating Ireland’s public investment in infrastructure finds that infrastructure levels and management practices are generally well developed, but areas where improvements can be made have been identified. A number of recommendations have been made by the IMF and the process of addressing these recommendations is being implemented.
During July this year, an […]
Suir Valley Ventures, the entrepreneur-led venture capital fund, launched in February 2017, has, together with private investors, invested a combined total of €1,000,000 in ProVision Vehicle Cameras, a leading Internet of Things (‘IoT’) company focused on providing advanced fleet and driver management systems. This is Suir’s fourth investment and follows closely on the heels of […]
County Antrim firm IPC Mouldings is positioning itself for growth in the global aircraft interiors industry. The company has invested in new technology, a new IT system and is recruiting eight new jobs over the next 12 months to help sustain growth. The investment enables IPC to improve efficiencies in its processes, diversify into new […]
Smart Dublin, an initiative of the four Dublin Local Authorities to engage with smart technology providers, researchers and citizens to solve city challenges and improve city life, and Enterprise Ireland are serious about supporting entrepreneurs to solve city challenges and are delivering one of the largest smart city innovation programmes globally. Solutions will be tested to […]
Cookstown-based engineering services firm Enisca Group is investing over £1.5 million in its workforce, training and business infrastructure. This investment is to help maximise current opportunities within the power and water sectors in Great Britain and Ireland.
Plans are in place to recruit twenty-nine additional staff at Enisca and a further fifteen at its Group businesses by 2020. […]
MetLife, which is one of the world’s leading financial services companies, has officially celebrated the opening of a new Global Technology Campus in Galway. With plans to employ approximately 200 skilled IT professionals when at full capacity, the new campus represents a major investment in the digital initiatives that will help MetLife transform its customers’ […]
Deep Learning and advanced Natural Language Processing are the core technologies at AYLIEN, a start-up that has announced new investment totaling €2 million ($2.35 million) and the creation of 70 jobs. The investment round has been led by the Atlantic Bridge University Fund, which invests in companies built from world-class research, along with existing investors SOSV […]
Having successfully completed a €4 million funding round earlier this year, marine foods ingredients firm, Bio-marine Ingredients Ireland (BII) has been further boosted with an investment of €750,000 from Enterprise Ireland. The company has just commenced full commercial production at its €12 million marine ingredients processing facility in Lough Egish, Co Monaghan. Fifteen of the […]
The European Commission has announced how it will spend €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020, including €2.7 billion to kick-start a European Innovation Council. Horizon 2020, the EU’s €77 billion research and innovation funding programme, supports scientific excellence in Europe and has contributed to high-profile scientific breakthroughs […]
Novi, the proactive managed service provider, has launched its new off-site data recovery service called AirGap following a €120,000 investment. The service will enable Novi’s customers to safeguard their data, providing them with business continuity back-up and ensuring against data compromise or loss. The investment includes development of new infrastructure and enhanced security.
Novi provides flexible […]
Invest Northern Ireland has offered eight companies in Belfast support to collectively create 55 jobs. The companies, from a range of sectors including software, construction, cybersecurity and consumer products are investing over £4million in the local economy.
Welcoming the investments, Moira Loughran, Invest NI’s Eastern Regional Manager, said: “The investments by these ambitious Northern Ireland companies […]
Theravance Biopharma, a diversified biopharmaceutical company specialising in the creation of medicines for patients suffering from serious illness, has opened a new corporate office in Dublin. The company plans to expand its Dublin employee base by hiring 30 highly-skilled professionals over the next two years in areas such as clinical development, finance, and technical operations.
The Sustainable Energy Authority of Ireland (SEAI) is working in partnership with the Office of Public Works (OPW) to help make government buildings more energy and cost efficient with the added benefit of making them warmer and healthier places to work. The Central Government Building Upgrade Fund, funded by SEAI and administered by the OPW, […]
Enterprise Ireland has signed a Technical Collaborative Arrangement with the European Space Agency. This Arrangement will provide the State with unprecedented access to the Copernicus Programme’s near-real time earth observation information. The data will be stored locally for research, commercial development and policy informing purposes. Enterprise Ireland co-ordinates Ireland’s industrial and research participation in ESA […]
The Government has officially launched the 5-year Acclimatize project (www.acclimatize.eu/), a new €6.7 million climate change research initiative, with Professor Andrew J. Deeks, President, University College Dublin (UCD). The project has been part-funded by the European Regional Development Fund through the Ireland Wales Programme 2014-2020.
The overall objective of the project, led by UCD in partnership with […]
Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]
The Construction Industry Federation (CIF) has stated that the measures announced in Budget 2018 will help address the systemic weaknesses in infrastructure investment.
Tom Parlon, CIF Director General, stated: “The Government has taken significant steps today towards insulating the economy from externals shocks today with the announcement of a 17% increase of €790 million in public […]
Following the release of Budget 2018, JLL, the financial and professional services firm that specializes in commercial real estate services and investment management, has mixed views about some of the measures that were introduced. Whilst it is encouraging to see an overall drive for positive economic growth, there is concern about the impact that some […]
TERMINALFOUR, the digital marketing and web content management platform for higher education, has announced results of its Global Higher Education Survey which reveal large disparities in investment in digital by universities and colleges. These disparities are a source of frustration for web, marketing, recruitment and leadership professionals; more than one-quarter (26%) of respondents stated they […]
Strabane-based food manufacturer, Dragon Brand Foods is investing over £500,000 in jobs, innovation and a new factory with the support of Invest Northern Ireland. The company is due to begin construction on its new factory at Strabane Business Park as part of its plans to grow its business.
The company is also creating four new roles […]
Bord Bia is increasing its investment in the German food and beverage market as Irish exporters continue to look outside the traditional UK market to build business. Speaking recently at ANUGA, the biggest food fair in the world, where a record 34 Irish companies exhibited, the CEO Tara McCarthy outlined the strategic importance of the […]
The Government’s newly published draft National Planning Framework correctly recognises that Ireland’s future is urban – now that appreciation must be backed by ambitious investment in Dublin and Ireland’s other main cities, according to business organisation Dublin Chamber.
Dublin Chamber, which represents companies throughout the Great Dublin Area, commended Government on the production of the draft […]
NDRC, the investor in young digital companies, in partnership with Bank of Ireland, is launching a new early-stage, part-time fintech programme for professionals in the financial services sector.
With the sector attracting record levels of investment in Europe and the US, and growing here at a rapid rate, the potential for Irish startups to create transformative […]
The BioExel Accelerator at NUI Galway, supported by Enterprise Ireland, has been launched to further enhance the medical technology sector start-up ecosystem within Ireland and attract global talent to the Galway region. Other partnership sponsors for this Enterprise Ireland supported Accelerator are the Western Development Commission, the Galway University Foundation and the Bank of Ireland […]
Tandem HR Solutions, the Irish company which has developed a powerful new HR Tech solution to help organisations re-shape how employee performance is managed through driving enhanced coaching and feedback practices, has attracted €2m in seed funding from investors led by Frontline Ventures, along with ACT Venture Capital, Enterprise Ireland and angel investors.
The €2m investment […]
An Tánaiste, Frances Fitzgerald, Minister for Business, Enterprise and Innovation, is leading a five-day joint Enterprise Ireland/IDA Ireland trade mission to Singapore and Japan which started this week
On the first day of the trade mission, An Tánaiste and Julie Sinnamon, Enterprise Ireland CEO witnessed a number of Enterprise Ireland client companies sign agreements with Singapore […]
An overwhelming 97% of Irish SME’s are planning to invest in their businesses in the next 12 months, according to the latest Global Business Monitor published by Bibby Financial Services Ireland, a provider of financial support and funding solutions to Irish SME’s.
Irish SME’s have signalled that such investment will focus on up-skilling existing staff (77%), sales and marketing (63%), IT […]
Dairygold’s €86 million Nutritionals Campus in Mallow was officially opened on Friday 22nd at an event attended by An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald, European Commissioner for Agriculture and Rural Development Phil Hogan and Minister for Agriculture, Food & the Marine, Michael Creed.
Following the investment, the state of the art milk […]
Kroll Bond Rating Agency (KBRA) has announced its expansion into Europe with the opening of its European Headquarters in Dublin. The move is expected to create 100 new jobs over the next three years.
KBRA is a full service credit rating agency that was established in 2010 to restore trust in credit ratings following the financial […]
Leveraging its strategic partnership with Enterprise Ireland, Northwell Health has announced two new partnership agreements with Irish companies Technopath Clinical Diagnostics and Salaso Health Solutions Limited.
Northwell Health President and Chief Executive Officer Michael J. Dowling were in Ireland to formally announce the two deals together with An Tánaiste and Minister for Business, Enterprise and Innovation Frances Fitzgerald and Enterprise Ireland CEO Julie Sinnamon. […]
An Taoiseach Leo Varadkar and Tánaiste Frances Fitzgerald, along with IDA Ireland have welcomed the announcement by XL Group that it has selected Dublin as its preferred location for its principal European Union (“EU”) insurance company, XL Insurance Company SE (“XLICSE”).
XL Group has had insurance operations in Dublin since 1990, when it opened its first […]