Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Economic Impact of Brexit: Discussion

5:00 pm

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I thank Mr. Sherry for his presentation. While one cannot see into the future, what steps does he believe could and should be taken to reduce and protect against the impact of a hard Brexit? That is a nice easy question to start off with.

I was struck by two factors. It was said that 47% of exporters plan no change in strategy. Mr. Gough alluded to this and said that 80% of businesses have no business plans. Those are two statistics that worry me. How does InterTradeIreland intend to combat these trends?

My final question is on the resources of Enterprise Ireland. Could Mr. Sherry give us an idea as to how they have changed? What was the staff complement in Enterprise Ireland five years ago, what is it today and what is it likely to be next year given the challenges of Brexit? Could Mr. Sherry make specific reference to his London operation? It will be particularly important.

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