Saturday, 22nd February, 2025

Advertisement
  • Home
  • News
  • Strong increase of new companies starting up across North West

Strong increase of new companies starting up across North West

Dónal Ryan -
Strong increase of new companies starting up across North West

A recent study has shown that a large number of new companies are starting up across the North West.

The data has been compiled by CRIFVision Net.

Across the region, there were year-on-year increases on new companies starting up in Donegal and Sligo.

Sligo had one of the highest rates in the country, with 34% of companies starting up in the last year.

Advertisement

Donegal was also on the rise, with 16% more startups over the last 12 months.

Other counties to see positive growth include Longford (79%), Wexford (68%), Roscommon (34%), Westmeath (25%), Wicklow (22%), which all saw a strong increase in start-ups.

However, there were counties that saw a decrease in companies starting up. Leitrim was among them, down 16%. Other counties that fell were Cork, down by 8%, and Limerick, down by 4%.

Sectors that benefitted from new companies starting up included motor (48%), real estate (28%), manufacturing (15%), and IT (11%).

Advertisement

Only two sectors saw a quarter-on-quarter decrease in new startups; agriculture, hunting and forestry was down 10% and leasing decreased by 24%.

Dónal Ryan -