Oireachtas Joint and Select Committees

Thursday, 22 September 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation

2:30 pm

Photo of Mary Mitchell O'ConnorMary Mitchell O'Connor (Dún Laoghaire, Fine Gael) | Oireachtas source

I will mention two sentences about hedging. Enterprise Ireland, EI, has approximately 18,000 companies and it has contacted each of them. It has set up an webinar, put up a questions and answers facility on its website and it has spoken to the really vulnerable companies. A small percentage have hedged in this respect. I have spoken to different Irish export companies. They are watching the markets and they are quite used to fluctuations. There is a cut-off point, they will be seeking support and we are monitoring that, but they have not arrived at that stage yet. We have to wait until Article 50 is triggered and we see the fallout in the negotiations.

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