Local Enterprise Offices are now supporting over 7,500 companies and 35,000 jobs, according the 2020 LEO results, which were announced by the Tánaiste and Minister for Enterprise, Trade, and Employment Leo Varadkar last week.
The Local Enterprise Offices are now supporting 35,236 jobs across 7,529 companies. 2020 also saw the successful transition of 133 companies from the Local Enterprise Offices to Enterprise Ireland as they continue to scale and look to international markets.
The Tánaiste said Local Enterprise Offices continue to “play a really important role in fostering enterprise across the country”.
“LEOs are at the very heart of business in communities across the country. The work they do is invaluable and I want to express my particular appreciation to all LEO staff for their professionalism and commitment. I know 2020 was a really difficult year for them and for the businesses they help. The coming months will be similarly busy as we reopen our economy, and help businesses get back on their feet. I know LEOs will be to the forefront as we rebuild after the pandemic,” Tánaiste Leo Varadkar said.
Supported by the Government, Local Enterprise Office supported companies created 5,585 new jobs in 2020. Despite the new jobs created, there was a net jobs loss of 1,494 across the LEO portfolio of client companies in what was a challenging year for small businesses.
LEOs approved 13,091 Trading Online Vouchers to assist businesses get online to trade or improve their existing online offering. This was up over 950% from 1,218 in 2019.
Last year, the Local Enterprise Offices trained over 77,000 entrepreneurs and business representatives, up from 37,000 the year previous. 16,231 completed business-mentoring assignments, up from 10,756 in 2019.
Over €22 million was approved by Local Enterprise Offices in 2020 for projects to help improve clients’ businesses in a range of areas. This figure was up from €20 million in 2019 and is the largest amount of approved funding by the Local Enterprise Offices to small businesses to date.