The Minister for Enterprise, Trade and Employment, Simon Coveney TD, today launched Enterprise Ireland’s End of Year Statement from Version 1’s headquarters in the heart of Dublin city

10 January 2023 –  The Minister for Enterprise, Trade and Employment, Simon Coveney TD and Enterprise Ireland, the Government agency responsible for developing Irish business globally, today from Version 1’s offices in Dublin’s city centre announced the creation of 19,660 new jobs by Enterprise Ireland client companies in 2022. The jobs growth translates into a net increase of 10,841 jobs created last year.

Left to right: Andrew Langford, CFO, Version 1, Louise Lahiff, Director of Planning and People, Version 1, The Minister for Enterprise, Trade and Employment; Simon Coveney TD, Joe O’Brien, CCO, Version 1 and Terrence O’Rourke, Chairman, Enterprise Ireland at the Enterprise Ireland End of Year Report Launch on 10/01/23 in the Version 1 headquarters.

Enterprise Ireland companies now employ 218,178 people, an increase of 5% on the 2021 outturn and 68% of these jobs are outside Dublin.

Speaking at the launch of the figures today, The Minister for Enterprise, Trade and Employment Simon Coveney TD said:

“The employment base in Ireland is already strong, as further evidenced by the substantial jobs figures announced today by Enterprise Ireland. 2021 was a record year for employment creation in Enterprise Ireland companies and to see a further 5% increase in total employment in 2022 shows the potential we have to continue to go from strength-to-strength. But we must not be complacent, and we need to continue to focus on the right things to further build the resilience of business and to keep innovation at the heart of that. A real positive of today’s results is the regional balance in terms of both new jobs created and total employment.  More than 147,000 people in the regions are now employed by Enterprise Ireland client companies, making an enormous contribution to local economies and communities. The Government’s target to have a record 2.5 million people employed by 2024 has already been exceeded.  Enterprise Ireland has also exceeded its own employment target for 2022 with these results announced today. I firmly believe that with a strong focus on innovation, digitalisation, sustainability and regional development, Enterprise Ireland will continue to enhance their significant contribution to growing and maintaining quality jobs in every region and county in Ireland.”

Live from this special event that took place in Version 1’s offices in Dublin, Ireland, The Minister for Enterprise, Trade and Employment, Simon Coveney TD commended Version 1 for its agility and resilience in adapting as it has grown to become one of Ireland’s largest indigenous tech employers despite the increasingly challenging business climate globally.

Version 1 (with support from Enterprise Ireland) recently surpassed 3,000 employees globally and has doubled its headcount since 2020.

Version 1 has embraced hybrid working, and so, alongside employees in its Dublin, Cork and Belfast offices, it also has many employees working remotely from other locations across the country.

Louise Lahiff, Director of Strategy and People at Version 1, said:

“Enterprise Ireland’s support has been essential in enabling our rapid growth, in particular in an environment with strong overseas competition for talent. We are proud to offer compelling, high quality, flexible job opportunities across Ireland in a values-led organisation and will continue to do so in 2023.”

Enterprise Ireland CEO Leo Clancy said:

“I am delighted to announce that 2022 was a strong year with our client companies creating 19,660 new jobs, growing net employment by 5%. This compares favourably with the latest CSO Labour Force Survey for 2022, which showed an increase of 3.4% in total employment across the economy. Of note is the significant growth in key sectors of the economy ranging from Lifesciences, Prepared Consumer Food to Technology and Services.”

Leo Clancy continued:

“Enterprise Ireland-supported companies like Version 1 play a vital role in the Irish economy, employing more than 218,000 people in cities, towns and villages throughout the country and making an enormous contribution to local economies. 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 continues to create and sustain jobs, providing a platform for strong economic growth into the future.”