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

Mr. Kevin Sherry:

I thank the Deputy for his question. He is right about the Brexit scorecard. As I mentioned, just over 2,100 have been completed. That is not just for Enterprise Ireland clients but local enterprise organisations and many other companies. We purposely made that support available to all companies so we can assist them. As for resulting financial supports, we have supported 89 companies through our Be Prepared grant to prepare a plan associated with Brexit. We expect that the vast majority of companies that completed the Brexit scorecard will not avail of that grant because it is really for companies that cannot prepare a plan themselves. It is focused on companies to provide them with that extra assistance so that it does not become a barrier to them taking action. In terms of providing support for companies, the real figure involves the supports we provided through sales and marketing through our international offices, through competitiveness and through innovation. Those supports we provide to companies also involve provide support to companies to help them add capacity and differentiate themselves from the competition. The vast majority of the organisation's budget is devoted to those areas and we have not only provided supports in those areas but realigned our supports to make them more accessible for companies. Consequently, a large percentage of the organisation's budget goes to those areas, as well as through the supports we provide in terms of the work of our staff in helping those companies to respond. It is an organisation-wide response, including any financial supports we provide.

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