Monday 20 November 2017

Increase of 6pc in number of start-ups on 2016

Dublin proved to be the dominant area with almost one in two start-ups established in the capital region. Picture posed
Dublin proved to be the dominant area with almost one in two start-ups established in the capital region. Picture posed
Ellie Donnelly

Ellie Donnelly

Almost 1,900 start-up companies were established on average each month in the first six months of 2017, an increase of 6pc compared to the same period in 2016.

The most popular sector for company start-ups was professional services, with almost 20pc of new companies operating in this area, according to research from business and credit risk analyst Vision-net.ie

This was followed by finance which saw an 18pc rise in start-ups in the six months to June 2017. Other sectors that performed well include social and personal services, construction, real estate, and agriculture.

In terms of the geographic location of the start-ups, Dublin proved to be the dominant area with almost one in two start-ups established in the capital region.

Irish Independent

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