Enterprise firms’ exports hit €17bn

Export sales generated by Enterprise Ireland client firms hit an all-time high of €17.1bn last year, with the largest net increase in job creation for more than a decade also seen.

The export sales figure was up by 8% on 2012 levels and firms created 18,033 jobs, according to Enterprise Ireland’s annual report, published yesterday.

A net increase of 5,442 in the number of people employed amongst Enterprise Ireland firms was noted; the largest net gain in 10 years and representative, according to the agency, of the link between strong export growth and job creation.

Furthermore, a 20% rise in job commitments by client firms, made during the first half of 2014, has also been reported.

Enterprise Ireland chief Julie Sinnamon, said client firms’ capacity to keep innovating and win new export business against the toughest of international competition represented “a tremendous achievement“, while Jobs and Enterprise Minister, Richard Bruton said the performance provides a welcome confidence boost.

“The indications from the first six months of 2014 are very positive, with job commitments by Irish exporting companies up more than 20% on the same period in 2013, indicating that the 2013 records are set to be exceeded,” said the minister.

“At a fragile point in the economic recovery, this is a hugely important confidence boost from the crucially important Irish exporting sector,” Mr Bruton added.

Enterprise Ireland’s latest annual report also shows that the agency invested in 104 new high-potential start-up firms, which was its highest tally for a single year. Additionally, a 150% jump in the number of female-led start-up projects launched was noted.

By the end of last year, companies supported by Enterprise Ireland were employing and sustaining more than 300,000 direct and indirect jobs.

The agency said that for every 10 jobs created in an Irish export-orientated firm, 13 additional positions are created elsewhere in the economy in supply and service firms.

Latest figures show that direct expenditure by Irish-owned companies, in terms of payroll and purchases of raw materials and services produced in Ireland, account for nearly €20.3bn expenditure in the economy.

More on this topic

Enterprise Ireland CEO Julie Sinnamon to step downEnterprise Ireland CEO Julie Sinnamon to step down

For entrepreneurs, the pace of IPOs is pedestrian and that looks like continuing without some form of policy initiativeFor entrepreneurs, the pace of IPOs is pedestrian and that looks like continuing without some form of policy initiative

Enterprise Ireland targeting 50% growth in Irish exports to region by 2020Enterprise Ireland targeting 50% growth in Irish exports to region by 2020


Lifestyle

Cooking in the MasterChef kitchen is just as scary as you’d imagine, writes Georgia Humphreys.Sweet 16 as Masterchef returns

Martin Hayes doesn’t like to stand still. The fiddle virtuoso from East Clare has made it a hallmark of his career to seek out creative ideas from beyond his musical tradition.Martin Hayes: Breaking new ground

Brian Hassett is from Blackrock in Cork, and has been involved in various aspects of music in multiple guises.A Question of Taste: Brian Hassett, Coughlan's Live

'Comics are not like regular books. They spark the intellect to expand the story and the message.'Drawn to reading: Using comics and illustrated stories to promote literacy in children

More From The Irish Examiner