LEO ROSCOMMON celebrates 5 years of Making It Happen

Leo Roscommon Celebrates 5 Years

LEO ROSCOMMON celebrates 5 years of Making It Happen Minister Humphreys & Minister Breen announce Local Enterprise Office figures from first 5 years of the LEO network.

5 Years of Local Enterprise Offices (31 offices across Ireland) ·

  • 18,640 net jobs created 
  • €81.5million in grants approved
  • Over 140,000 trained
  • Over 5,000 projects approved

Since the Local Enterprise Offices (LEOs) were established in 2014 they have supported the creation of over 18,600 jobs nationwide with 144,830 entrepreneurs and business people trained in a range of skills over the five years.  The figures were announced today by Heather Humphreys T.D., Minister for Business, Enterprise and Innovation and Pat Breen T.D., Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection at an event in Russborough House in Wicklow to celebrate 5 Years of the Local Enterprise Offices.

Since 2014 the Local Enterprise Offices across the country have approved and contributed funding to over 5,000 business and entrepreneurial projects.  The LEOs have distributed €81.5million worth of direct financial assistance to small businesses and entrepreneurs, stimulating job creation in communities across the country.  In those 5 years, 40,577 people have received mentoring support through the LEO network, while over 17,500 have taken a Start Your Own Business course.  

Minister Heather Humphreys T.D., said; “Since their inception in 2014, the Local Enterprise Offices (LEOs) have played a hugely significant role in generating indigenous employment across the country.  There are now over 36,000 people employed by LEO-supported companies, small Irish businesses that are creating jobs in their own towns and villages. Supporting regional enterprise is a big priority of mine as Minister and it’s for this reason that I allocated an additional €5 million to the LEOs in Budget 2019.

Turning to Future Jobs Ireland, the new whole-of-Government plan to secure the country’s economic success, the Minister said:

“A range of measures in Future Jobs Ireland 2019 support balanced regional development and the LEOs will play a central role in the success of the initiative. For 2019, the focus will be on strengthening the capacity of LEOs to provide a comprehensive suite of supports to indigenous Irish businesses and entrepreneurs. We are also working to increase the take-up of LEO productivity supports in particular. Our entrepreneurs are central to ensuring balanced regional development into the future, and I have no doubt the LEOs will continue the success of the past five years in the next five and beyond.”  

Minister Pat Breen, T.D., said; “Small businesses are the heartbeat of the Irish economy and they make a huge impact to local economies across the country.  The Local Enterprise Offices have become the most important resource for any entrepreneur or small business looking for support or training.  With over 144,000 trained and 40,000 receiving specialist mentoring, the LEOs are providing these businesses with the skills and knowledge to start and grow, to create jobs and generate significant revenue for the Irish economy.”

Established in 2014 by the Department of Business, Enterprise and Innovation, the 31 Local Enterprise Offices nationwide are operated in a partnership between Enterprise Ireland and the Local Authorities.  Devised as a “first stop shop” for those looking to start a business or for small businesses looking for support, the Local Enterprise Offices are now a significant source of job creation and a hub of entrepreneurship across the country.

Some of the successful companies who have been supported by the Local Enterprise Offices across the country include; Simtech Aviation (Fingal), Irish Fairy Door Company (South Dublin), Beats Medical (Dun-Laoghaire Rathdown), Blacks of Kinsale (Cork North & West), Pip & Pear (Waterford), GloFox (Dun-Laoghaire Rathdown), Neurent Medical (Galway), Keoghs Crisps (Fingal) and Strong Roots (Dublin City)

LEOs offer a comprehensive range of supports from mentoring and training to financial assistance and Brexit planning, to entrepreneurs and small businesses alike to help them to plan, start and grow.  The Local Enterprise Offices also run some significant programmes to increase engagement and draw entrepreneurs and small businesses into the business support eco-system.  These include Ireland’s Best Young Entrepreneur (IBYE), the National Enterprise Awards, Food Academy, the Student Enterprise Programme and Local Enterprise Week.  

 

Local Enterprise Office Figures – 2014 to 2019

 

18,640 – Jobs created by Local Enterprise Office supported clients

 5,080 – Projects approved for funding by the Local Enterprise Offices

 €81.5m – Direct financial assistance to Local Enterprise Office clients

 17,587 – Taken Start Your Own Business with their Local Enterprise Office

 144,830 – Engaged in training with their Local Enterprise Office

 7,371 – Entrants to Ireland’s Best Young Entrepreneur (IBYE)

 752 – Availed of a Technical Assistance for Micro Exporters (TAME) grant

 40,577 – Availed of specialist mentoring through their Local Enterprise Office

 5,227 – Received Trading Online Voucher

 24,245 – Average yearly entrants to the Student Enterprise Programme

 1,687 – Approved applications for Microfinance Ireland loans

 432 – Availed of LEAN Consultancy through their Local Enterprise Office

 

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