‘Competitiveness, leadership and lack of scale remain big challenges’

Enterprise Ireland has warned about the divergence in size of Irish companies and feels that domestic firms still need to become more competitive.

Despite its newly published 2013 annual report showing a very strong performance from its client companies, Enterprise Ireland said yesterday that competitiveness, leadership and lack of scale remain challenges for Irish enterprises.

Speaking at the publication of the report, chief executive, Julie Sinnamon said: “We have a small number of large companies in Ireland and a large number of small companies. We need more mid-sized firms. Lack of scale remains a big challenge for Irish enterprise. Our companies need to grow in scale both in Ireland and in international markets.”