Enterprise Ireland reports 5% exports rise

Enterprise Ireland reported strong growth by Irish export companies in 2001, despite the highest job losses in client companies in nine years.

In its end-of-year statement, Enterprise Ireland said exports increased 5 per cent to €11.5 billion due to focus on developing that market and investment in research and development.

Commitment to research and development was increased with almost 200 projects benefiting from a €100 million investment.

Employment in the indigenous sector grew to over 148,000 as employment gains of 14,000 were undermined by nearly 13,000 job losses.

The UK’s position as Ireland’s largest trading partner was strengthened with a 4 per cent rise in imports to €4.6 billion compare. The UK now accounts for 44 per cent of all exports from Ireland.

Enterprise Ireland chief executive Mr Dab Flinter predicted difficult trading conditions in key markets over the next 12 months.

Enterprise Ireland provides financial support for training and management development carried out by Irish industry. Up to three-quarters of the organisation's funding comes from Europe.