Tuesday, January 24, 2023

Industrial and Life Sciences experienced strong growth across the South East during 2022.

Companies backed by Enterprise Ireland (EI) in Waterford created a net total of 589 new jobs during 2022, representing a nine per cent increase on the previous year’s figure.

This formed part of a seven per cent increase in jobs across the South East last year, which regionally amounted to 1,445 new positions.

The region also outperformed the national growth figure, which came to five per cent, which makes Waterford’s increase all the more notable.

Commenting on the results, Martin Corkery, EI’s South and South East Regional Director stated: “2022 was a strong year with our client companies creating 19,660 new jobs and growing net employment by five per cent nationally.

“Supporting Irish-owned companies to achieve greater scale and expand their global footprint is a priority for Enterprise Ireland in 2023 and we are committed to supporting Irish companies on their journey to become global leaders in their field. This will ensure that Irish enterprise, including those in the South East, continue to create and sustain jobs, providing a platform for strong economic growth into the future.”

This welcome jobs boost means that Enterprise Ireland client companies in Waterford now employ a total of 7,502 staff.

Mr Corkery continued: “In 2023 Enterprise Ireland will be working with start-up and established companies in the South East to grow and continue to create employment. Working with colleagues in the Local Enterprise Offices (LEOs) and our partners in the third-level sector we are determined to continue this positive trend for enterprise and employment in the South

East.”

Almost 70 per cent of the 19,600 jobs created nationally last year (a net increase of 10,481) were outside of Dublin, with employment increasing across EI’s three ‘core economic sectors’: Technology & Services (+8%), Industrial and Life Sciences (+5%) and Food and Sustainability (+3%).

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