Industrial and life sciences saw strong growth in the Southeast in 2022.

Businesses supported by Enterprise Ireland (EI) in Waterford created a total of 589 net new jobs in 2022, representing a 9% increase on the previous year’s figure.

It was part of a 7% increase in jobs in the South East last year, which amounted to 1,445 new positions regionally.

The region also topped the national growth figure of 5%, making Waterford’s increase all the more notable.

Commenting on the results, Martin Corkery, EI Regional Director for the South and South East, said: “2022 was a strong year, with our client companies creating 19,660 new jobs and increasing net employment by 5 % at national scale.

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

This welcome increase in employment means that Enterprise Ireland client companies in Waterford now employ a total of 7,502 people.

Mr Corkery continued: “In 2023, Enterprise Ireland will work with start-ups and established businesses in the South East to grow and continue to create jobs. Together with our colleagues in Local Enterprise Offices (LEOs) and our third tier partners, we are determined to continue this positive trend for business and employment in the South.

East.”

Almost 70% of the 19,600 jobs created nationwide last year (a net increase of 10,481) were outside Dublin, with employment rising across EI’s three ‘core economic sectors’ technology and services (+8%), industrial sciences and life sciences (+5%) and food and sustainable development (+3%).

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