Oireachtas Joint and Select Committees

Tuesday, 19 June 2018

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Statement of Strategy 2018-2021: Engagement with the Department of Business, Enterprise and Innovation

4:00 pm

Dr. Orlaigh Quinn:

To touch on some of the areas, we talked about Brexit earlier but it was focused on how we assist companies. I mentioned to Deputy Quinlivan that Enterprise Ireland, EI, has identified the 600 companies that are most at risk and is working directly with them. We have published a document, which I think the committee got copies of, which tries to set out the range of supports that are available. We will continue to do that. We have also established, with the European Union, the stabilisation fund, which allows up to €10 million for a company in difficulty. What the Deputy describes, coming from ICTU, is pretty much where we are with an adjustment fund. We have established the mechanisms for that and have done it outside of state aid. We will be able to support companies in difficulty.

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