Number of start-ups established last year surpassed 22,500

Majority of new companies established in Ireland last year were outside of the major urban centres, new data shows

Offaly recorded the largest increase in start-ups in 2023 — up 28% to 224 compared to 2022.  

The number of start-ups established in Ireland during 2023 grew to over 22,500 as more and more businesses look to set up outside of the major urban centres.

According to new data from CRIF Vision-net, one of Ireland’s largest providers of credit information on businesses, 22,581 new company start-ups were established in 2023, an increase of 944 compared to 2022. This is the highest number of start-ups recorded since 2017.