Enterprise Ireland job creation is ahead of target

Enterprise Ireland | Wed 11 Jan | Author – Business & Finance
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Enterprise Ireland has announced job creation figures which are ahead of target. Figures show that employment in client companies totals 218,178, an increase of 5% on the previous year.

Enterprise Ireland, the government organisation responsible for the development and growth of Irish enterprises in world markets, has announced job creation figures which are ahead of target. Figures show that total employment in client companies totals 218,178, an increase of 5% on the previous year. 68% of these jobs are outside Dublin.

• Net Jobs increased by 5% with 10,841 created in 2022
• 68% of total jobs outside the Dublin region
• 161 early-stage company approvals in 2022

The Minister for Enterprise, Trade and Employment, Simon Coveney TD and Enterprise Ireland, the Government agency responsible for developing Irish business globally, announced the creation of 19,660 new jobs by Enterprise Ireland client companies in 2022. The jobs growth translates into a net increase of 10,841 jobs created last year.

Industry

Employment increased across Enterprise Ireland’s three core economic sectors – Technology & Services (+8%), Industrial and Life Sciences (+5%) and Food and Sustainability (+3%).

Strong employment growth was reported in specific sub sectors such as:

  • Climate, Sustainability and Agritech (+13%)
  • Digital Technology (+9%),
  • High Tech Construction and Housing (+6%)
  • Fintech, Financial and Business Services (+6%)

The Life Sciences and Engineering sectors both saw 5% employment growth.

Speaking at the launch of the figures, Minister for Enterprise, Trade and Employment, Simon Coveney TD said: “The employment base in Ireland is already strong as further evidenced by the substantial jobs figures announced today by Enterprise Ireland. 2021 was a record year for employment creation in Enterprise Ireland companies and to see a further 5% increase in total employment in 2022 shows the potential we have to continue to go from strength-to-strength. But we must not be complacent, and we need to continue to focus on the right things to further build the resilience of business and to keep innovation at the heart of that.

“A real positive of today’s results is the regional balance in terms of both new jobs created and total employment. More than 147,000 people in the regions are now employed by Enterprise Ireland client companies, making an enormous contribution to local economies and communities.

“The Government’s target to have a record 2.5 million people employed by 2024 has already been exceeded. Enterprise Ireland has also exceeded its own employment target for 2022 with these results announced today.

Enterprise Ireland CEO Leo Clancy said: “I am delighted to announce that 2022 was a strong year with our client companies creating 19,660 new jobs, growing net employment by 5%. This compares favourably with the latest CSO Labour Force Survey for 2022 which showed an increase of 3.4% in total employment across the economy.”

“Of note is the significant growth in key sectors of the economy ranging from Lifesciences, Prepared Consumer Food to Technology and Services.”