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Galway records 5% decline in business start ups

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Galway records 5% decline in business start ups

Galway Bay fm newsroom - Galway has recorded a 5% decline in the number of business start ups in the year to date.

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210 businesses were formed in the first nine months of this year,compared to the 222 in the same period in 2020.

The data compiled by Vision-Net reveals other urban areas such as Dublin and Cork record moderate growth in start-ups at 7%, with declines evident in Galway and Limerick.

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The analysis however shows a considerable drop in insolvencies in Galway at 75% when compared to last year.

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This decline is also reflected nationwide with Ireland recording a 24% decrease in insolvencies overall.

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