64% of new jobs created by Enterprise Ireland clients were regionally based.
Enterprise Ireland has revealed that total employment supported by the Irish State agency increased to a record 234,454 last year, with 15,741 new jobs created.
The agency said that 64% of the new jobs created in these client companies were located outside the Dublin region with all nine regions recording jobs growth.
“The Government stands firm in our commitment to Irish companies competing and growing on a global scale”
The end-of-year results for 2024 were revealed in conjunction with the news that Galway-headquartered medtech business Aerogen is to create 725 new jobs over the next 10 years as part of a €300m scale-up investment supported by Enterprise Ireland.
Scaling Irish multinationals is the next big strategy
Companies supported by Enterprise Ireland companies now employ 234,454 people, an increase of 3% on the 2023 outturn with two-thirds of the total jobs located outside Dublin. The jobs growth translates into a net increase of 6,212 jobs created last year.
“Ambitious companies like Aerogen embody Enterprise Ireland’s vision – that Irish owned, globally focused companies will be the primary driver of our economy. Aerogen has the potential and ambition to achieve billions in revenue, joining the ranks of industry-leading Irish multinationals.
“Mario Draghi’s 2024 report on European competitiveness highlighted the importance of investment in R&D to create a vibrant European industrial base. Aerogen is a wonderful exemplar of what Ireland and Europe can achieve if our scaling companies engage our great talent base in product innovation at scale in key markets,” Clancy said.
Employment increased across Enterprise Ireland’s three core economic sectors – Technology & Services (+2%), Industrial and Life Sciences (+3%) and Food and Sustainability (+3%).
Strong employment growth was reported in specific sub sectors such as:
- Climate, Sustainability and Agritech (+8%)
- Digital Technology (+2%),
- Construction (+4%)
- Fintech, Financial Services (+2%)
- Lifesciences (+7%)
- Prepared Consumer Food (+4%)
Commenting on the employment growth figures recorded by companies supported by Enterprise Ireland, Minister for Enterprise, Trade and Employment Peter Burke, TD, said: “It is hugely positive to see Enterprise Ireland supported companies recording job growth for the fourth year in a row. 2024 was a challenging year for some sectors of exporting Irish businesses with high interest rates and international instability impacting business performance, so to record significant employment growth is even more impressive.
“Today’s announcement that Aerogen will implement an ambitious scaling plan, creating high quality jobs here in the West of Ireland is very welcome and demonstrates the continued success of Irish companies’ performance in export markets. The Government stands firm in our commitment to Irish companies competing and growing on a global scale.”
Main image at top: Leo Clancy, CEO, Enterprise Ireland
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