Brexit responsible for 4,500 new jobs created in Ireland in 2018

IDA Ireland reports that an estimated 4,500 new jobs have been created in Ireland as a direct result of Brexit-led foreign investments in the country.

With Brexit fast approaching and the economic effects already being felt across the UK, it seems that Ireland is reaping some benefits from the chaos. IDA Ireland has released a new report indicating that Brexit may be directly responsible for as many as 4,500 new jobs created in the Republic of Ireland as global investment shifts toward the UK's nearest EU neighbour.

According to the report, more than 55 companies were approved for new Brexit-related investments in Ireland in 2018, bringing with them over 4,500 jobs. The total number of new jobs created as a result of all foreign direct investment (including non-brexit-related investments) reached 22,785 for the 2018 year, an increase of almost 3,000 over 2017's figures.

Companies that declared new or expanded presence in Ireland in 2018 include Bank of America, Morgan Stanley, Legal & General, Everest Re, Central Pharma, The Standard Club, Coinbase, Citi Group, Barclays, AXA XL, Wasdell Group, EquiLend, Thomson Reuters, BRE Global, Simmons & Simmons, Neueda Technologies and Depository Trust, and Clearing Corporation (DTCC).