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 Mary Buckley:

IDA Ireland has a large number of clients in Ireland - more than 1,400 - and from the work we have done, we anticipate that approximately 10% of our client portfolio have a lot of business in the UK because that is a significant market for those clients. That is across the board in all sectors but, obviously, we are conscious that it affects the financial services sector. Interestingly, that is the area where we are seeing a lot of investment wins so it is coming in the other direction for us as well. The bulk of our investments and the new announcements have come on the financial services side. For us, there are also opportunities that come from new areas like broadcasting, legal services and in particular, any of the areas that are regulated areas because the companies that are in the UK must look at alternative locations. That is the first part of the response but I will hand over to Mr. Donoghue, who might add like to add to that.

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