There are over 220 in the county.
Offaly saw the largest increase in start-ups in 2023.
New figures from credit analyst CRIFVision-net shows the county saw nearly three in ten more start businesses last year, with over 220 now in Offaly.
On the opposite end of the scale, Laois saw one of the largest decreases in the country, at 4%.
There were 260 start-up businesses in the county in 2023.
19 counties around the country saw an increase in the number of start-ups last year.
The strongest performing sectors were motoring, fishing , transport, storage and communication.
Christine Cullen, Managing Director of CRIFVision-net says:
"In examining the business landscape, we have observed a solid rise in start-ups in 2023. There seems to be a surge emerging beyond major urban centres. This trend may be influenced by the prevailing housing crisis coupled with low unemployment rates and resource constraints.
Another interesting finding is around business closures. Our latest analysis covers both dissolved entities which encompasses both insolvencies and general closures which offers a more comprehensive view of business discontinuations. Our findings reveal that 33% of companies face closure within the initial four years, with particular vulnerability evident in years 3 and 4.
On insolvencies specifically, our research indicates that 25% of all insolvencies involved companies incorporated in the last four years. This underscores the need for increased local and government support, acknowledging challenges business owners face such as high energy, rental costs and the continued uncertainty caused by inflation.
A need for enhanced assistance during the first five years of operation is crucial. If we can proactively address these challenges, the Irish government can create an environment that nurtures the growth and sustainability of emerging businesses leading to a more robust and resilient economy."
Taoiseach Condemns Detention Of Irish Activists Aboard Gaza-Bound Flotilla
IFA Slams EU Carbon Tariff On Fertiliser Ahead Of New Action Plan
Midlands MEP Calls For Greater Sepsis Awareness In Schools And Communities
Laois TD Urges Support For Young Farmers Falling Short Of Slurry Standards
Laois Man Allegedly Used As ‘Money Mule’ Without His Knowledge
New Fantasy TV Series Filming In Offaly This Summer
90% Of Midlands Septic Tanks Fail 2025 Inspections - EPA
Major Westmeath Housing Development Delayed
Mary's Wheels Volunteers Doing Church Gate Collections In Midlands This Weekend
Two Westmeath Companies Win Biopharma and Chemical Sector Awards
Laois Councillor Demands Progress On Laois Bridge Works
Revenue Seize Contraband Worth Over €695k
Westmeath Woman Detained On Flotilla Ship Bound For Gaza
Sexual Abuse Survivors To Protest Counselling Notes Amendment Outside Dail Tomorrow
Offaly Man Praises EU Health Directive For Securing Surgery
Westmeath Housing Project Put On Hold Pending Further Details
Westmeath Businesses Celebrate National Industry Award Success
Delaney Cup To Tour Westmeath Venues Today
Westmeath Man Jailed For Assaulting Garda And Calling Officer A Nazi