Belfast Telegraph

Ex-Dragon Caan plans post-Brexit investment in Republic of Ireland

Growth opportunies: James Caan
Growth opportunies: James Caan

By Samantha McCaughren

Serial entrepreneur and former BBC Dragons' Den star James Caan is planning a series of investments in Irish recruitment businesses to take advantage of what he believes will be a massive influx of post-Brexit jobs in the Republic.

Caan's latest company Recruitment Entrepreneur, which backs early to mid-stage firms, has just invested in specialist Dublin recruiter 360 Search and expects to invest in three more firms by the end of the year.

"We think, for us, Ireland will become the hub for Europe," Mr Caan said.

"I'm seeing a huge amount of interest in financial services that have identified Ireland as a very exciting prospective market.

"And I think what we need to do is have that infrastructure in place prior to that."

Mr Caan said Recruitment Entrepreneur would invest several million euros in Ireland.

"I see growth opportunities in Ireland to be extremely attractive so strategically as a business we'd identified Ireland in January and said if Brexit goes the way we think it is, we think growth opportunities are going to be quite attractive.

"I estimate the financial services alone will create between 10,000 to 20,000 jobs."

He said Recruitment Entrepreneur was in discussions with several companies.

Mr Caan added: "I'm extremely optimistic that we will probably back three further businesses in the market covering different specialisms of the economy because we recognise that to be able to take advantage of the growth of the Irish economy, you've got to be cross-section in terms of the services you provide."

Belfast Telegraph