LAST MONTH WAS THE STRONGEST JANUARY FOR COMPANY START-UPS SINCE THE YEAR 2000.
New report from Vision Net shows best January for Start-ups in 17 years
Last month was the strongest January for company start-ups since the year 2000.
1,768 new companies were formed in January which is an average of 57 per day.
This is 288 more companies than were formed in Jan 2016.
Professional services remains the most popular industry for Irish start-ups with 317 (18%) new companies operating in this sector – these companies would typically be associated with Accounting/Auditing, Administration Activities, Advertising/Marketing, Architecture, Consultancy, Engineering, HR, Investigation, Legal Services etc.
The finance and construction sectors were the second and third most popular industries for start-ups and accounted for just over 426 new companies between them.
Wholesale & retail and IT companies round out the top 5 most popular industries with 154 and 118 start-ups respectively.
Approximately 40% of this January’s start-ups are based in Dublin with just over another 10% based in Cork. Galway, Kildare and Limerick are next on the list and account for just over 12% of new companies between them.