136 companies around Ireland were surveyed by Azets Ireland, a professional services company that specialises in meeting the needs of mid-market, family-owned enterprises.

According to the study, 48% of businesses in the UK intend to raise their capital project investment, which is more than 37% of all businesses.

With plans to increase capital expenditure by an average of 22.8 percent over the next 12 months, Irish businesses have the highest levels of intended investment in Northern Europe, according to the survey. This is in contrast to 10.3 percent in Sweden, 9.4 percent in Denmark, and 8.4 percent in Norway.

According to the findings, companies in the manufacturing sector (27.5%) and construction sector (29.6%) are expected to see the largest increases in investment.

With capital expenditures increasing by 28.8% for small enterprises and 28.3% for mid-sized organisations, small and mid-sized businesses report significant increases in projected investment.

All things considered, 51% of mid-sized enterprises and 63% of small businesses intend to increase their investment in 2025.