Geoscience Ireland members’ turnover tops €1bn and SMEs generate €300m last year
21 August 2019
Sean Canney TD, Minister of State for Natural Resources, welcomed the results of a survey of the 38 companies in the Geoscience Ireland cluster that showed turnover for 2018 stood at €1,024,519,082 and that 253 net new jobs were created last year.
The Geoscience Ireland business cluster is operated by Geological Survey Ireland, a division of the Department of Communications, Climate Action and Environment, and assists Irish companies in winning business in international markets.
Created almost 200 jobs
The survey also showed that the small- and medium-sized companies (33 SMEs) within the cluster generated €299,609,082 and created 198 net jobs; 35.7 per cent of total turnover was derived from overseas activity.
Minister Canney welcomed the “sustained economic growth and the creation of jobs in the highly technical geoscience sector. While construction and infrastructure activity has recovered in Ireland, a continued focus on the export potential for Irish SMEs must remain a key target for job creation.
“My department will continue to support the Geoscience Ireland business cluster in winning business overseas, which has seen the creation of 1,356 jobs since its launch in September 2012.
“We look forward to continued collaboration with Enterprise Ireland and the Departments of Business, Enterprise and Innovation, and Foreign Affairs and Trade”.
1.) Total turnover for 2018: €1,024,519,082; SMEs accounted for €299,609,082 (29.24 per cent of total).
2.) A total of 74 per cent of Geoscience Ireland companies reported turnover growth, 21 per cent reported a decrease and five per cent reported no change.
3.) Total net new jobs for 2018: 253; SMEs accounted for 198 jobs (78.26 per cent).
4.) Since 2012, Geoscience Ireland companies have created 1,356 jobs.
5.) A total of 35.7 per cent of turnover came from international markets in 2018.
Sean Finlay, director of Geoscience Ireland, said: “We are delighted to see the continued growth in our members’ turnover and job creation. We will continue to work with our members to source and secure commercial contracts in overseas markets.”http://www.engineersjournal.ie/2019/08/21/geoscience-ireland-members-turnover-tops-e1bn-and-smes-generate-e300m-last-year/http://www.engineersjournal.ie/wp-content/uploads/2019/08/engineers-journal-news-1.pnghttp://www.engineersjournal.ie/wp-content/uploads/2019/08/engineers-journal-news-1-300x225.pngNewsGeoscience Ireland,government,jobs