Oireachtas Joint and Select Committees

Monday, 29 March 2021

Seanad Committee on the Withdrawal of the United Kingdom from the European Union

Impact of Brexit on Business Sector: Discussion

Ms Julie Sinnamon:

I have another point on the diversification agenda. The capital investment scheme, which was announced at the end of 2020, with a first call of €70 million, is aimed at the primary processing group of food companies in particular. That scheme is really important in helping Irish food companies specifically with the diversification agenda to invest in capital equipment so they can go to markets further afield. The scheme closes on 15 April and there will be significant demand from companies to make those investments and allow them to go further afield with market reach.

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