16% decline in new start ups in Donegal

There’s been a 16% decrease in the number of new start up businesses in Donegal.

Latest figures show Irish start-ups have hit a six-year low.

There was a total of 21,637 new company start ups in 2022, the lowest on record since 2016.

Economic uncertainty, rising inflation and a cost of living crisis have been cited as reasons for the decline.

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