LEOs To Host More Start-up Programmes

22nd December 2015

Posted In: FYI

A big leap in the number of start-ups is expected in Ireland next year, according to the network of Local Enterprise Offices, which is planning to run more than 260 ‘Start Your Own Business’ training programmes during 2016.

Based within the Local Authority Network, the 31 Local Enterprise Offices (LEOs) were set up as the ‘first-stop-shop’ for new start-ups and small businesses looking to grow. In 2015, an estimated 4,000 aspiring entrepreneurs benefited from the LEO ‘Start Your Own Business’ programmes, which were held across every county in Ireland.

Helping a new entrepreneur become ‘start-up ready’, typically these training programmes run over several weeks, focusing on how to prepare business plans, what market research and marketing tools are available, how to manage cash flow and making the most out of technology. According to the LEOs, the majority of those completing the ‘SYOB’ programme successfully start up their own business, creating further employment in local communities.

More positive news comes from the ESRI, the Economic and Social Research Institute, which has revised upwards its outlook for the Irish economy in 2016, forecasting a growth rate of 4.8 per cent.* Ireland has also retained the fourth spot in the ‘Best Countries for Business’ world rankings, according to Forbes Magazine.

All 31 Local Enterprise Offices will be offering the ‘Start Your Own Business’ training programmes throughout 2016, with many scheduled to begin in January and February. More details around the supports on offer to start-ups through the Local Enterprise Offices are available through www.localenterprise.ie

*Economic and Social Research Institute (ESRI) Source: Quarterly Economic Commentary /Winter 2015 (Executive Summary). Extract: “The Irish economy is set to register a substantial growth performance in 2015 with an expected 6.7% year-on-year increase in output….We revise upwards our outlook for 2016, with an expected output growth rate now of 4.8%.”