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 Rowena Dwyer:
Without being too specific, it probably is about looking at the Brexit adjustment reserve and seeing what scope is within that to support companies to make investments, whether they are capital or current. That is definitely the objective of the fund. It is also the Government's broad objective to utilise it and see what flexibilities might be available to make those types of investments.
Ms Sinnamon already mentioned the capital investment scheme for food processing. That is specifically for Annex 1 and the processing of primary agricultural products. Looking at whether there are options in that type of area for the Brexit adjustment reserve to support potential capital investment and enterprise is the way forward.
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