Press release
“Making it Happen” 5 years of the Local Enterprise Office Network
From Department of Enterprise, Trade and Employment
Published on
Last updated on
From Department of Enterprise, Trade and Employment
Published on
Last updated on
Since the Local Enterprise Offices (LEOs) were established in 2014 they have supported the creation of over 18,600 jobs nationwide with 144,830 entrepreneurs and business people trained in a range of skills over the five years. The figures were announced today by Heather Humphreys T.D., Minister for Business, Enterprise and Innovation and Pat Breen T.D., Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection at an event in Russborough House in Wicklow to celebrate 5 Years of the Local Enterprise Offices.
Since 2014 the Local Enterprise Offices have approved and contributed funding to over 5,000 business and entrepreneurial projects. The LEOs have distributed €81.5million worth of direct financial assistance to small businesses and entrepreneurs, stimulating job creation in communities across the country. In those 5 years, 40,577 people have received mentoring support through their LEO, while over 17,500 have taken a Start Your Own Business course.
Minister Heather Humphreys T.D., said; “Since their inception in 2014, the Local Enterprise Offices (LEOs) have played a hugely significant role in generating indigenous employment across the country. There are now over 36,000 people employed by LEO-supported companies, small Irish businesses that are creating jobs in their own towns and villages. Supporting regional enterprise is a big priority of mine as Minister and it’s for this reason that I allocated an additional €5 million to the LEOs in Budget 2019.
Turning to Future Jobs Ireland, the new whole-of-Government plan to secure the country’s economic success, the Minister said:
“A range of measures in Future Jobs Ireland 2019 support balanced regional development and the LEOs will play a central role in the success of the initiative. For 2019, the focus will be on strengthening the capacity of LEOs to provide a comprehensive suite of supports to indigenous Irish businesses and entrepreneurs. We are also working to increase the take-up of LEO productivity supports in particular. Our entrepreneurs are central to ensuring balanced regional development into the future, and I have no doubt the LEOs will continue the success of the past five years in the next five and beyond.”
Minister Pat Breen, T.D., said; “Small businesses are the heartbeat of the Irish economy and they make a huge impact to local economies across the country. The Local Enterprise Offices have become the most important resource for any entrepreneur or small business looking for support or training. With over 144,000 trained and 40,000 receiving specialist mentoring, the LEOs are providing these businesses with the skills and knowledge to start and grow, to create jobs and generate significant revenue for the Irish economy.”
Established in 2014 by the Department of Business, Enterprise and Innovation, the 31 Local Enterprise Offices nationwide are operated in a partnership between Enterprise Ireland and the Local Authorities. Devised as a “first stop shop” for those looking to start a business or for small businesses looking for support, the Local Enterprise Offices are now a significant source of job creation and a hub of entrepreneurship across the country.
Some of the successful companies who have been supported by their Local Enterprise Office include; Simtech Aviation (Fingal), Irish Fairy Door Company (South Dublin), Beats Medical (Dun-Laoghaire Rathdown), Blacks of Kinsale (Cork North & West), Pip & Pear (Waterford), GloFox (Dun-Laoghaire Rathdown), Neurant Medical (Galway), Keoghs Crisps (Fingal) and Strong Roots (Dublin City)
Oisin Geoghegan, Chair of the network of Local Enterprise Offices, said; “The figures really do speak for themselves when you look across the 5 years of the Local Enterprise Offices. Every one of the 31 LEOs have played a key role in fostering entrepreneurship in their area and they are very much at the fulcrum of the local business community. That positioning has come through trust, expertise and the ability to help businesses over the toughest of hurdles because they have the resources to do so. Looking to the future, we are at the forefront of microenterprise in Ireland and we have an opportunity to help shape policy and supports that we believe will only increase these impressive figures in the next 5 years and give our entrepreneurs and small businesses an even greater advantage in the market.”
Mark Christal, Manager, Regions and Entrepreneurship, Enterprise Ireland said; “The Local Enterprise Offices have been a significant success story for Irish small businesses. The LEOs have played a critical role for regional development, making a significant contribution to ensuring that small businesses receive the very best advice and support to assist in overcoming the challenges they may encounter. This is reflected in the growing number of LEO client companies that are now transferring to Enterprise Ireland who have the global ambition to scale and expand the reach of their businesses overseas. Our partnership with the Local Authorities is critical, and our working together with the LEOs has ensured Irish small businesses have the very best support and every opportunity of making an impact on the world stage.”
Lar Power, Local Authorities representative and Chief Executive of Leitrim County Council, said; “Local Enterprise Offices have played a huge part in supporting business development across the country over the last five years. Local authorities are delighted to partner with Enterprise Ireland to facilitate the LEOs in providing practical, direct supports that make a huge difference to businesses as they develop. The positive impact LEOs have is felt not only by those individual businesses but also more broadly across our areas, supporting local authorities’ economic development ambitions through employment growth, increased business activity, and enhanced entrepreneurial spirit within our communities.”
LEOs offer a comprehensive range of supports from mentoring and training to financial assistance and Brexit planning, to entrepreneurs and small businesses alike to help them to plan, start and grow. The Local Enterprise Offices also run some significant programmes to increase engagement and draw entrepreneurs and small businesses into the business support eco-system. These include Ireland’s Best Young Entrepreneur (IBYE), the National Enterprise Awards, Food Academy, the Student Enterprise Programme and Local Enterprise Week.
Local Enterprise Office Figures – 2014 to 2019
18,640 – Jobs created by Local Enterprise Office supported clients
5,080 – Projects approved for funding by the Local Enterprise Offices
€81.5m – Direct financial assistance to Local Enterprise Office clients
17,587 – Taken Start Your Own Business with their Local Enterprise Office
144,830 – Engaged in training with their Local Enterprise Office
7,371 – Entrants to Ireland’s Best Young Entrepreneur (IBYE)
752 – Availed of a Technical Assistance for Micro Exporters (TAME) grant
40,577 – Availed of specialist mentoring through their Local Enterprise Office
5,227 – Received Trading Online Voucher
24,245 – Average yearly entrants to the Student Enterprise Programme
1,687 – Approved applications for Microfinance Ireland loans
432 – Availed of LEAN Consultancy through their Local Enterprise Office
ENDS
For further information:
Declan Lee – Enterprise Ireland – Declan.lee@enterprise-ireland.com / 087 695 7451
Sarah Bohan – Enterprise Ireland – Sarah.Bohan@enterprise-ireland.com / 087 653 9936
ENDS
The Department of Business, Enterprise and Innovation (DBEI) plays a key role in implementing the Government’s policies of stimulating the productive capacity of the economy and creating an environment which supports job creation and maintenance. The Department also has a remit to promote fair competition in the marketplace, protect consumers and safeguard workers.
For more information please contact press.office@dbei.gov.ie or ph: (01) 6312200