BoI reports business start-ups fall 14%

BUSINESS start-ups are down 14% over the last year as the economic slump continues to pose significant challenges for entrepreneurs.

The latest Bank of Ireland barometer showed 4,082 companies were formed in the three months to the end of June.

Unsurprisingly, Dublin was the top location with 1,777 new businesses, followed by Cork with 374 and Galway with 183.