Ireland Means Business
Business & Innovation
Ireland might conjure up images of lush green fields and wild Atlantic seascapes – or literary genius and free-flowing conversation.
All of that is true but there’s so much more. Ireland is a fantastic place to do business. Our society is stable. Our economy is strong and growing rapidly - the fastest growing in the Eurozone. Here are six compelling reasons why Ireland means business.
1. Our Educated Workforce
If you’re looking for highly skilled employees, you’ll find them here. We have one of the most highly-educated workforces in the world and more than half of our 24-34-year-olds have a third-level qualification. We are the youngest people in the EU with a third of our population under 25. Skills in science, technology, engineering and maths are high, with more than a quarter of third level students in Ireland in 2016 specialising in these in-demand areas.
2. A Competitive Economy
Ireland is competitive. According to The IMD World Competitiveness Yearbook, Ireland ranks first for Labour Productivity, Investment Incentives, National Culture, Flexibility and Adaptability, Attracting and Retaining Talent, and Attitudes Towards Globalisation. We are the second most competitive economy in Europe and the 6th in the world. Forbes ‘Best Countries for Business List’ places Ireland in the top ten countries in the world to do business.
3. Innovative Thinkers
Irish companies are leading the way globally across a wide spectrum of industry. CarTrawler is now the world’s leading B2B travel technology company. ENBIO developed a ground-breaking, environmentally friendly coating that is protecting the solar orbiter on its mission to the sun. Our construction industry has a proven track record of delivering specialist projects and our advancement of Building Information Modelling (BIM) capabilities has been noted worldwide.
4. Multinational and English Speaking
We have the unique business advantage of being the only English-speaking country in the Eurozone. We’re international and multinational. 17% of Dublin City’s population are non-Irish. We’re extremely well connected with more than 500 weekly flights to Britain, 99 to France, 112 to Germany and over 150 to the US.
5. Making an Impact on a Global Stage
With a population of just 4.75 million, we punch way above our weight on the global stage. Did you know that we are the 7th largest exporter of medicines in the world, and home to 9 of the top 10 global software companies and 15 of the top 25 financial services companies? Collaboration is strong here too: Irish-based company, Aerogen, recently partnered with one of the world’s largest medical equipment development companies, Medtronic, to solve a drug delivery problem that has already helped over five million patients in 75 countries around the world.
6. Environmentally- Friendly and Sustainable Businesses
We recognise that business growth must go hand in hand with a considered approach to our environment. For us, it is critical that we plan for future growth that has a positive impact on the planet. Innovative initiatives like Bord Bia’s Origin Green programme help the Irish food industry to produce food in the most sustainable way possible so that Ireland can become an exemplar in sustainably produced food and drink.