Oireachtas Joint and Select Committees

Thursday, 31 January 2013

Public Accounts Committee

Enterprise Ireland - Annual Report and Financial Statement 2011

10:50 am

Mr. Frank Ryan:

It has been a perennial challenge. As the issue is different for the IDA, I will talk about the Enterprise Ireland side of the fence. Any region has two things going for it. It has its existing companies and its entrepreneurship or start-up rate. Jobs do not come from any other source in the world of Enterprise Ireland. The slight majority of our companies and jobs are located outside Dublin. Unlike the IDA, we have client companies in every part of every county. It is very distributed. I will share some of the breakdown of figures for 2012 which I hope will be helpful to Deputy Deasy. There are 145,460 jobs in Enterprise Ireland supported companies, of which 65% are in counties other than Dublin. Job commitments for 2012 totalled approximately 7,600, 66% of which approvals were in companies outside Dublin. There were 97 new high potential start-up companies in 2012, of which 41% were outside Dublin. The term "significant investment" which I mentioned earlier, relates to investments by established companies of €500,000 or more. Of the significant investments in 2012, 57% were made outside Dublin. Those statistics highlight our starting position. We have more jobs outside Dublin than within. That is the portfolio.

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