Oireachtas Joint and Select Committees

Tuesday, 27 February 2018

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Update on Preparations for Brexit: Discussion

4:00 pm

Ms Kerry Curran:

There are some good questions there. I will address the issue of the awareness of the challenges. We have an all-island business monitor, which is the largest monitor of business owners on the island of Ireland, and we have been monitoring the awareness of businesses and some of the issues they have around planning for Brexit. We have seen very little shift in businesses formally planning for Brexit since quarter three of 2016. Of our cross-Border traders, 18 months down the line, only 8% have a formal plan in place for Brexit, which means that 92% have no formal plan in place. They are telling us the uncertainty around Brexit makes it very difficult for them to plan. We are seeing an increase in the informal planning for Brexit as more information filters through. In our most recent survey, 41% of businesses said they are talking to peer groups and other organisations in the same sectors in a collegiate way to garner more information to help them plan for Brexit. A fifth of firms have said they are starting to engage with Government agencies such as the ones attending the committee today to help them to better understand Brexit. There has not been a huge shift and certainly not the shift we would like to see. Uncertainty still prevails and it prohibits those businesses from making firmer plans.

Will I move onto the second issue of resources?

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