Ireland has consolidated its position as the leading location for early-stage start-up companies setting up in Western Europe, new research has shown.
On the back of announcing 215 jobs from nine North American and European high-growth firms, for the Dublin and Waterford regions, IDA Ireland yesterday unveiled data from research firm fDi Markets showing that Ireland now ranks first (ahead of Britain and France) in terms of attracting US early-stage firms and third (behind the UK and Germany) in relation to western European firms; but first on a combined basis.
“According to fDi Markets, Ireland is the market leader in winning 20 to 100 job projects from early-stage, fast-growth companies with revenues of less than €30m over the period 2010-16 from US and European companies,” said IDA chief Martin Shanahan.
“IDA Ireland has a clearly defined strategy to deliver these early-stage projects and [yesterday’s] announcement of a further nine companies setting up here illustrates the success of that strategy.”
Meanwhile, figures provided by Jobs and Enterprise Minister Mary Mitchell O’Connor show the IDA is on course to record a bumper year in visits by potential overseas investors, with 489 visits already logged in the first nine months of 2016.
At the current rate, the IDA will comfortably top the 565 visits from last year and is on course to record 652 visits for 2016.
The figures show that 57% of site visits by potential investors last year were to locations outside of Dublin City, a figure which compares to 43% in 2014.
“Figures for 2016 show that this trend is continuing, with 58% of visits conducted so far this year being outside of Dublin,” said Ms Mitchell O’Connor.
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