My Department does not compile specific annual statistics on the number of new start-ups that have commenced trading in the State. As an assistance to the Deputy, the closest approximation to the information sought may be derived from the number of new companies registered each year and the yearly number of new VAT registrations. However, these figures in themselves must be seen as indicative only, bearing in mind that start-ups may involve unincorporated entities e.g. sole traders and /or may not require immediate VAT registration. Tables 1 and 2 below provide the relevant information.
I am very much aware that the key to creating employment is to provide the necessary support to the enterprise sector. My Department's continuous support for enterprises arises through maintaining a positive business environment and through particular interventions from the State development agencies such as Enterprise Ireland, FÁS and the County and City Enterprise Boards. The significant allocations in my Department's Estimates for 2009 for the development agencies ensures that we can continue to build on this strategy for the future. This year in excess of €500 million was provided for capital investment in enterprises.
Table 1: Company Registrations
Year
|
No. of New Companies Incorporated
|
1999
|
18,761
|
2000
|
18,232
|
2001
|
14,345
|
2002
|
13,845
|
2003
|
14,388
|
2004
|
15,690
|
2005
|
17,302
|
2006
|
19,297
|
2007
|
18,797
|
2008
|
14,784
|
2009 Jan to 31 Oct
|
10, 965
|
Source: Companies Registration Office.
Table 2: New VAT Registrations
Year
|
New VAT Registrations
|
2000
|
19,061
|
2001
|
25,472
|
2002
|
25,014
|
2003
|
28,501
|
2004
|
31,937
|
2005
|
35,842
|
2006
|
39,827
|
2007
|
33,757
|
2008
|
25,727
|
2009 Jan to 9 Nov
|
14,408
|
Source: Revenue Commissioners.