Ireland Records Strongest Year for Start-ups in 15 Years.
- by Orlagh on 26/01/2026
According to our latest data, 2025 was the strongest year for Irish entrepreneurship, with 26,500 new companies formed, the highest figure in 15 years. This shows a 11% year-on-year increase, demonstrating confidence in the domestic economy even in the face of global challenges.
The 2025 figures surpass the previous post Covid peak of 25,692 in 2021. Despite record low unemployment, which can limit start up activity, there is clear momentum behind indigenous enterprise. This shift reflects efforts to reduce reliance on multinationals amid geopolitical uncertainty, tariff risks and changing trade dynamics.
At the same time, tighter credit conditions, rising corporate stress, housing pressures, an ongoing cost-of-living burden and increased volatility in export markets may be contributing to elevated stress indicators. Without targeted support, this momentum could stall, leaving Ireland's continued dependence on multinationals exposed.
Sector Overview
The economic sectors that saw the most growth were Agriculture (38%), IT (29%) and Construction (18%) showing the demand for housing and infrastructure.
Other key sectors that also contributed to the record-breaking figures are Wholesale/Retail (9%) and hospitality (5%).
Regional Overview
Dublin recorded more than 40% of all new companies, with 11,450, yet business creation increased nationwide as well. Cork saw 2,555 start-ups with Galway (1,145), Kildare (1,124) and Meath (1,018) close behind.
Our Managing Director, Christine Cullen, commented:
"The 2025 figures demonstrate remarkable resilience and entrepreneurial ambition across Ireland. While the surge in new start-ups is encouraging, it also underscores the importance of supporting established businesses facing rising costs and tighter credit conditions. By nurturing both emerging and existing enterprises, Ireland can sustain this momentum and strengthen its economy amid global uncertainties."
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