Sunday 19 January 2020

Significant increase in Enterprise Ireland-backed jobs since 2010

10 per cent of newly created jobs are located in County Cork

As the number of people in County Cork employed by Enterprise Ireland topped 25,130, new data revealed that there has been a 45-per-cent increase in the number of jobs in companies backed by the agency in the county since 2010

This figure means that well over 10 per cent of newly created Enterprise Ireland-backed jobs are located in Cork.

Clean tech jobs rose by nine per cent in that period, while life sciences posts were up six per cent; electronics, five per cent; and international services, four per cent.

The announcement by Business, Enterprise and Innovation Minister Heather Humphreys was welcomed by local Fine Gael election candidate, Councillor John Paul O'Shea.

"This comes at a time when more people are working that ever before; the unemployment rate currently stands at 4.8 per cent," explained Minister Humphreys.

"Nearly 220,000 total jobs have been created since the start of 2016.

"Also, more than six out of every 10 new jobs have been created outside of Dublin.

"Fine Gael is not being complacent about this progress however, and we have put in place Future Jobs Ireland, an all-of-Government plan to prepare Ireland for the digitalisation of the workforce.

"The Government is also continuing to prepare business for Brexit, which will pose great challenges to businesses here across many sectors. "

The challenge of Brexit is still front and centre, she said, pointing out that Enterprise Ireland was continuing to work on a one-to-one basis with its exports clients on planning for the departure of the UK from the European Union at the end of this month.

"We will soon be entering into complex trade negotiations between Brussels and London." she said.

"Ireland is coming to these talks in a strong position but there is still a lot of uncertainty, and it would be a mistake to underestimate how challenging the process will be.

"Great progress has been made on Brexit preparedness by Enterprise Ireland clients so far - two-out-of-three have taken steps to reduce their dependency on the UK market, and €125m in funding and supports was approved for Enterprise Ireland's most Brexit-exposed clients over the two-year period between 2018 and 2019.

"This strong regional performance is important because we cannot reach our full potential as a country without successful regions," she said.

"It is for this reason that I have prioritised supporting regional enterprise as Minister and will continue," the Minister added.