Startup numbers rise but insolvencies grow

Galway saw 9% quarterly growth while Cork and Limerick saw contractions in start-up growth of 8% and 4% respectively.

There was an 11% growth in company start-ups in Dublin from 2,376 last year to 2,645 in the third quarter of 2024.

The number of new company startups in the third quarter grew by 7% compared to the same period last year new figures show.

Led by new companies in the motoring and real estate sectors, the data from CRIFVision-net shows a complex economic picture as business insolvencies in 2024 rise sharply.