Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

The amount of venture capital released in the past 12 months was double the amount released in the previous year. This indicates strong growth in venture capital availability. The number of new start-up companies increased by 25% in the past 12 months, as recorded by the Companies Registration Office, and we are experiencing a strong surge of interest in starting businesses, particularly among young people. We have provided a better tax environment and access to finance and offered different products in the field. The Strategic Banking Corporation of Ireland has been established and is exploring other ways of enhancing the environment. While further progress needs to be made, the indicators show we have a strong and improving start-up environment which needs to be supported and maintained.

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