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  • Largest Ever European Investment Bank Support in Ireland 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 Manufacturer to Invest Over £7 Million in Ambitious Expansion 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 [...]...
  • PM Group Appoints a New Non-Executive Director Michael McNicholas has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists. Michael McNicholas. Michael has over 35 years’ experience in senior leadership positions in the public and private sectors. He is the former CEO of Ervia, NTR plc and Managing Director of ESB International.  During his [...]...
  • Center Parcs Signs Contract With John Sisk & Son As construction activity on the much anticipated €233 million Center Parcs Longford Forest resort in County Longford ramps up, the company has announced it has formally awarded two major construction contracts to Dublin-based construction firm John Sisk & Son. The contracts for the construction of the 470 lodges and 30 apartments as well as the state-of-the-art centre [...]...
  • Medi-Shower Invests in Innovation to Drive Export Growth 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 [...]...

FEXCO Expands Further in the UK

  FEXCO Expands Further in the UK

FEXCO, one of Ireland’s most successful multinational financial services companies is about to complete its latest acquisition in the UK. This will be FEXCO’s seventh acquisition in the UK over the last five years, positioning the company as one of the largest specialist high street Retail FX operators in the UK and the largest one […]

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Value of Irish Foodservice Market Rises to Reach Record €7.8 Billion in 2017

  Value of Irish Foodservice Market Rises to Reach Record €7.8 Billion in 2017

Bord Bia released the findings of its 2017 Irish Foodservice Channel Insights Report in advance of its annual foodservice seminar which took place in the Aviva Stadium, Dublin. The report shows that Ireland’s foodservice market continues to grow and is now valued at a record €7.8 billion, comprising over 33,000 individual outlets. The foodservice market […]

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Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

  Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

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. […]

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Dublin Aerospace to Create 150 News Jobs

  Dublin Aerospace to Create 150 News Jobs

Dublin Aerospace, Ireland’s largest independent aircraft maintenance provider, has announced that it will be creating 150 new jobs over the next three years. Supported by Enterprise Ireland, the significant expansion of Dublin Aerospace’s workforce is part of the company’s strategy to double its turnover by 2023.
Based at Dublin International Airport, Dublin Aerospace operates a 4 bay […]

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MetLife Opens World-class Global Technology Campus in Galway

  MetLife Opens World-class Global Technology Campus in Galway

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’ […]

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AYLIEN to Invest €2 Million

  AYLIEN to Invest €2 Million

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 […]

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Pinergy Gears For Growth With Establishment of New Energy Services Business

  Pinergy Gears For Growth With Establishment of New Energy Services Business

Pinergy, the smart energy provider, has announced the establishment of a new Energy Services division that is dedicated to providing both domestic and business customers with a range of energy efficient technology solutions. As part of this latest strategic move, Pinergy has partnered with some of Ireland’s most innovative energy technology providers that support a […]

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Zeeko Secures €100,000 in Funding to Launch New Research Project on Virtual Reality and Children’s Health

  Zeeko Secures €100,000 in Funding to Launch New Research Project on Virtual Reality and Children’s Health

Zeeko, an Irish EdTech start-up, has secured just over €100,000 in funding through the Horizon 2020 SME Innovation Associate Programme. The company is using the funding to launch a new research project, initially involving school children in Ireland, to evaluate the side effects of virtual reality (VR) technology on children’s health.
Zeeko, which was founded in […]

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Burning Solid Fuel is Biggest Threat to Good Air Quality in Ireland

  Burning Solid Fuel is Biggest Threat to Good Air Quality in Ireland

The EPA’s latest report on air quality shows that burning of solid fuel is the biggest threat to good air quality in Ireland, followed by emissions from vehicle exhausts. Despite monitored air quality being within EU limit values we face challenges in maintaining this position. And, at a number of locations, air quality failed to […]

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HUB Controls is Named One of Top 3 Global Cleantech Firms

  HUB Controls is Named One of Top 3 Global Cleantech Firms

An Irish company has been placed in a prestigious global list of the Top 3 companies who have achieved outstanding innovation in the cleantech sector. At an event in London, HUB Controls, a Tallaght-based company which makes a device that regulates temperatures in the home, was recognised in the Global Cleantech Cluster Association (GCCA) Top 3.
HUB Controls […]

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Coffeeangel Tackles Cup Waste With Friends of the Earth

  Coffeeangel Tackles Cup Waste With Friends of the Earth

As the Irish Government proposes a 15¢ levy on disposable coffee cups, Coffeeangel and Friends of the Earth are moving ahead with an innovative solution to tackle waste from the café sector. With 2 million disposable coffee cups a day in Ireland going into landfills, waste from the café sector has reached worrying proportions. Many solutions have been […]

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Gyproc Ireland Creates 14 New Jobs at Kingscourt Factory

  Gyproc Ireland Creates 14 New Jobs at Kingscourt Factory

Gyproc, Ireland’s leading manufacturer of plaster and plasterboard and part of the Saint-Gobain group, has today announced the creation of 14 new jobs at its manufacturing facility in Kingscourt, Co. Cavan. The announcement of the new jobs comes as Gyproc moves to a new four shift operation meaning the company now has the capability to […]

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WeWork Announces First Location in Ireland

  WeWork Announces First Location in Ireland

Global space, community, and services company WeWork has announced its first location in Ireland. WeWork is leasing space in Dublin’s Iveagh Court, situated near Iveagh Gardens in the city centre, surrounded by local services, shops, and transport.
WeWork’s Iveagh Court location is the 40th WeWork to be announced in Europe, where the company already has 23 […]

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Ireland Chapter of PMI Announces Winners of the National Project Awards

  Ireland Chapter of PMI Announces Winners of the National Project Awards

The Ireland Chapter of Project Management Institute (PMI) has announced the winners of the inaugural National Project Awards, sponsored by PwC. Derek Tierney of the Department of Finance won Project Professional of the Year at a gala dinner hosted by principal sponsor PwC. Pramerica scooped Project Management Office of the Year and the Royal College of […]

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Bio-marine Ingredients Ireland Welcomes Significant Enterprise Ireland Support

  Bio-marine Ingredients Ireland Welcomes Significant Enterprise Ireland Support

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 […]

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European Commission to Invest €30 Billion in Research and Innovation Over Next 3 Years

  European Commission to Invest €30 Billion in Research and Innovation Over Next 3 Years

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 […]

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Citizens’ Assembly Issues Clarion Call For Government to Step Up Climate Action

  Citizens’ Assembly Issues Clarion Call For Government to Step Up Climate Action

Following four days of presentations and deliberation, the Citizens’ Assembly voted to make 13 recommendations for State action on climate change . The Stop Climate Chaos coalition described the the outcome as “a clarion call for the Government to immediately step up climate action.”
Oisin Coghlan, Director of Friends of the Earth, commented: “These common-sense, practical recommendations […]

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Efforts to Prevent Illegal, Unreported and Unregulated Fishing

  Efforts to Prevent Illegal, Unreported and Unregulated Fishing

The Sea-Fisheries Protection Authority (SFPA), the independent state agency responsible for the regulation of the sea-fisheries and the seafood production sectors, co-hosted a workshop with the European Fisheries Control Agency (EFCA) in Dublin recently as part of EFCA’s efforts to prevent illegal, unreported and unregulated (IUU) fishing. The workshop, which was attended by fisheries inspectors […]

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Jack Teeling Named EY Entrepreneur of The Year™ 2017 in the Emerging Category

  Jack Teeling Named EY Entrepreneur of The Year™ 2017 in the Emerging Category

Jack Teeling (pictured), of Teeling Whiskey, has been named the Emerging EY Entrepreneur Of The Year™ for 2017 at the 20th annual awards ceremony held in Dublin recently. Over 1,500 business leaders from across the island of Ireland were in attendance at the awards gala, alongside guest of honour, Tánaiste, Minister for Business, Enterprise and Innovation, […]

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Another Successful Year For PM Group

  Another Successful Year For PM Group

PM Group, the international project delivery company, has reported Group revenue of €336 million, an increase of 13% on 2015. The Group delivered operating profits of €10.6 million for the year ended 31st December 2016, an outcome in line with prior year. Project activity improved year on year, with a 3% increase in underlying fee […]

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Novi Launches New ‘AirGap’ Data-recovery Service Following €120,000 Investment

  Novi Launches New ‘AirGap’ Data-recovery Service Following €120,000 Investment

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 […]

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European Commission Approves Sixth Prolongation of Irish Credit Union Restructuring Scheme

The European Commission has found the prolongation until 30 April 2018 of an Irish scheme aimed at restructuring credit unions, to be in line with EU state aid rules, and in particular the 2013 Banking Communication. The objective of the scheme is to underpin the stability and long-term viability of credit unions and the credit union sector […]

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Belfast SME’s Creating 55 Jobs in a £4 Million Investment

  Belfast SME’s Creating 55 Jobs in a £4 Million Investment

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 […]

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EU Reaches Agreement on First Key Measures of Banking Reform

  EU Reaches Agreement on First Key Measures of Banking Reform

The European Parliament, the Council and the Commission have agreed on elements of the review of the Bank Recovery and Resolution Directive (BRRD) and of the Capital Requirements Regulation (CRR) and Directive (CRD) proposed in November 2016, an important piece of the Commission’s ongoing work to reduce risk in the banking sector and in line with […]

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Theravance Biopharma Opens New Corporate Office in Dublin

  Theravance Biopharma Opens New Corporate Office in Dublin

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.
An […]

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Ireland’s Leading Food and Drink Companies to be Recognised at Bord Bia’s Industry Awards

  Ireland’s Leading Food and Drink Companies to be Recognised at Bord Bia’s Industry Awards

More than 350 Irish food and drink industry leaders will gather for Bord Bia’s biennial Food and Drink awards, hosted by Broadcaster Miriam O’Callaghan, on Wednesday 29th November in the RDS Concert Hall. Bord Bia has announced the details of 24 companies who have been shortlisted for these awards which recognise excellence and celebrate success in Ireland’s […]

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Report Shows Ongoing Consolidation in European Banking Sector

  Report Shows Ongoing Consolidation in European Banking Sector

The number of credit institutions in the euro area banking sector declined by 25% between 2008 and 2016, according to the ECB’s 2017 Report on financial structures (RFS). On an unconsolidated basis, the number of credit institutions at the end of 2016 was 5,073, having fallen from 5,474 at the end of 2015. On a […]

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Ireland’s First Syndicated Property Finance Platform Launched

  Ireland’s First Syndicated Property Finance Platform Launched

Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a […]

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SuperValu and Tesco Tied For Top Spot in Irish Grocery Market

  SuperValu and Tesco Tied For Top Spot in Irish Grocery Market

The latest grocery market share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 8 October 2017, reveal that SuperValu and Tesco are neck and neck in the race to be Ireland’s largest supermarket – both with a 22.0% share of the market.
David Berry, director at Kantar Worldpanel.
David Berry, director at Kantar Worldpanel, […]

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Carrickfergus Specialist Joinery Business Carves Out Growth Plans

  Carrickfergus Specialist Joinery Business Carves Out Growth Plans

Abbey Upholsterers Specialist Joinery & Fit Out is expanding its workforce and manufacturing space in Carrickfergus with support from Invest Northern Ireland. To meet the demands driven by new contract opportunities, fifteen new roles will be recruited at Abbey Upholsterers by 2019.
The majority of the roles will be in its production division to support the business in […]

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