Figures from Vision Net have shown that in August, 3,094 company and business start-ups were formed in August, an average of 114 a day. August has seen an estimate increase of 22% in company start-ups and a 34% increase in business registrations.

The data shows professional services, social and personal services, wholesale and retail were the most popular industries for new start-ups.

The three most popular locations for new business were Dublin, Cork and Limerick. Approximately 641 new start-ups were formed in Dublin in August followed by 129 in Cork.

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