Ireland saw record levels of new business startups last year

CRIF Vision Net chief says the data shows Ireland remains an attractive place to do business but that more supports are needed to ensure Ireland stays ahead

The majority of industries experienced an increase in startup activity last year including motors up 20%, real estate up 18% and transport, storage and communication up 17%.

2024 saw a surge in new business startups with the number of new limited company startups, sole traders, and partnerships rising 5.5% to 23,384.

Data from CRIF Vision Net based on company accounts shows 2024 recorded the second-highest number of new companies in over a decade, following only 2021, which saw a surge of startups following a pandemic backlog.