Turnover generated in Ireland by over 300 Irish companies which are members of Guaranteed Irish, the not-for-profit business membership organisation championing homegrown and international businesses operating in Ireland, has now reached €11bn, according to new figures released this week.
Globally, these companies generate a turnover of €25.84bn. In Ireland, these companies directly employ 49,873 people, with 46% currently exporting, primarily to the UK, US and mainland Europe.
The figures were released by Guaranteed Irish at an event the Irish Stock Exchange on Wednesday. Only member companies, which are required to meet a range of criteria before attaining membership, are given permission to display the Guaranteed Irish symbol as a badge of provenance and trust. Many Guaranteed Irish companies are listed on the Irish Stock Exchange including CRH (Irish Cement, Roadstone and Clogrennane Lime), Kingspan, Kerry Foods and Mincon.
Guaranteed Irish has also announced that March 2018 has been designated the inaugural Guaranteed Irish Month to celebrate all members of Guaranteed Irish and showcase Ireland’s exceptional international reputation as a great place to work and do business. A range of activities are planned for the month-long initiative including a ‘Meet Guaranteed Irish’ event in Dublin which will offer members the opportunity to exhibit their businesses and network with other members. Guests, including political representatives, will be invited to learn first-hand the contribution Guaranteed Irish members make to the Irish economy. Companies interested in joining the organisation will also be encouraged to attend.
As part of Guaranteed Irish Month, the organisation also unveiled a new Guaranteed Irish Global Register which calls on business leaders at home and the Irish diaspora abroad, to register with Guaranteed Irish to assist member companies who are considering exporting to new markets.
A new Guaranteed Irish website will be launched during Guaranteed Irish Month, along with a Guaranteed Irish Partner Programme for members, and in the coming months, a seminar will be held on how to leverage Guaranteed Irish in the context of Brexit.
Speaking on Wednesday, CEO of the Irish Stock Exchange, Deirdre Somers said, "The Irish Stock Exchange is delighted to support the launch of Guaranteed Irish Month. The Guaranteed Irish symbol is a real badge of honour worn by home-grown enterprises, as well as international businesses which have chosen Ireland as their base, and contributes to showcasing Ireland as a great place to conduct business."
Source: www.businessworld.ie
