Our latest figures outline a promising start to 2025 for Irish entrepreneurs. Despite global economic challenges, the number of start-ups in Ireland has reached a post-pandemic high, with a 3.9% year-on-year increase in Q1, recording 6,340 new start-ups. The data indicates that despite broader economic uncertainties, businesses continue to seize opportunities and innovate within key areas of the Irish economy.
Our Managing Director, Christine Cullen, shared her insights on these encouraging figures:
"This is the strongest first-quarter performance for start-ups since before the pandemic, proving that Irish entrepreneurship is not only recovering but thriving. In every economic cycle, we see moments of challenge and opportunity - what stands out in these latest figures is that businesses are emerging at a steady pace across multiple sectors and regions."
"With strong fundamentals in place, Ireland will continue to adapt to the global economic challenges, while maintaining a supportive business environment where companies can thrive will be critical, as we navigate the month ahead. Financial distress indicators do warrant close monitoring but the continued appetite for entrepreneurship highlights that our innovation and resilience remain at the heart of Ireland's story."
"It's particularly encouraging to see double digit growth in sectors like education and motoring. More broadly, the increase in start-ups across 14 counties also suggests that opportunities remain, and businesses are finding ways to innovate and thrive despite economic pressures."
"While we are navigating a challenging economic landscape, the rise in startups and continued investment in various sectors suggest that the Irish business community remains proactive and forward-looking. This continued dynamism - across sectors, regions, and industries - will be crucial in driving sustainable economic growth in the years ahead."
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By Business Barometer.
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