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News : Irish Economy Last Updated: Jan 23, 2014 - 2:31 PM

Irish Economy: Full-time jobs in indigenous exporting firms in 2013 below 2000 level
By Michael Hennigan, Finfacts founder and editor
Jan 13, 2014 - 2:27 PM

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Irish Economy: Full-time jobs in indigenous exporting firms in 2013 were below the 2000 level, based on data released Monday by Enterprise Ireland.

The State agency which supports indigenous firms that have exporting potential, said today in its end 2013 statement that total direct employment (full and part time) in Enterprise Ireland client companies stood at 175,750 in 2013. Of these, 149,718 are full-time jobs, while 26,032 are part-time.

Enterprise Ireland reported that its supported companies created 18,033 new jobs in 2013. This resulted in a net increase of 5,442 in the number of people employed by Enterprise Ireland supported companies, the highest net gain for Irish companies in the last decade and "indicators suggest that this was primarily due to the strong export performance of Enterprise Ireland client companies."

The jobs data comes from the Annual Employment Survey carried out by Forfás. The final 2013 report will be published in early 2014.

At end 2012, Enterprise Ireland said total permanent jobs were at 146,908, which means an addition of 2,810 jobs in 2013.

In the Forfás 2012 survey, it put full-time jobs in Irish firms at 144,964, which compared with 153,270 in 2000.

Taking the Forfás figures for  2012 and adding the 2,810 jobs for EI, would leave the total about 6,000 below the level in 2000. There were 1,120 full-time employees at Údarás na Gaeltachta in 2013 and there was no material change on 2012.

EI statement on 2013

Finfacts: Jobs in Ireland's foreign-owned sector in 2013 below level in 2000

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€250,000 Competitive Feasibility Fund for Female Entrepreneurs aimed at continuing to significantly boost the number of high potential female-led business start-ups in Manufacturing and Internationally Traded Services including Internet, Games, Apps, Cloud Computing, Enterprise Software, Lifesciences, Food, Consumer Products, Medical Devices and e-Health.

€375K Competitive Feasibility Fund aimed at stimulating new start-ups or expansion of existing business activity in the Aviation sector. This fund, which can provide up to €25,000 per project, is aimed at meeting the needs of the aviation industry and supporting the growth of international aviation companies in Ireland.

Access Silicon Valley - an initiative designed to fast-track early-stage Irish tech companies who are targeting Silicon Valley and San Francisco, the leading start-up ecosystem for high-tech innovation and development in the world. The programme started in September 2013.

- an initiative designed to help the founders of start-up companies in the digital content sector to shorten the timescale from product development to paying customers. The objective of SPRINT is to get Irish companies to product/market fit – faster. The pilot programme started in

€21m Enterprise Ireland Commercialisation Fund was made available to researchers in the third-level sector to support the commercialisation of research and inventions at all stages of development. Commercialisation Fund projects address a gap or need in the market by developing innovations that will ideally be ready for licensing to Irish industry or may form the basis of a new start-up company in 2-5 years.
December 2013 and will run for six months.

€175 million Seed and Venture Capital Scheme aimed at leveraging private sector funds to create a total of €700 million for investment 2013-2018. The objective is to provide additional funding for high-growth Irish companies with the potential to generate large amounts of additional export sales and grow jobs.

€20 million Innovation Fund Ireland investment with leading international Venture Capital Fund Highland Capital Partners Europe. Enterprise Ireland’s second investment under the Innovation Fund Ireland programme with Highland Capital Partners Europe meant new funding was made available for innovative Irish companies in the tech sector, to help them grow and create jobs in Ireland.

€125M Growth Capital Ireland Fund to focus on Irish SMEs - a new fund of €125million managed by MML Growth Capital Partners Ireland which will focus on investing in Irish SMEs, under the Government’s Development Capital Scheme.

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