Oireachtas Joint and Select Committees

Wednesday, 9 November 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Current Issues Affecting Trade in Ireland: Enterprise Ireland

Photo of David StantonDavid Stanton (Cork East, Fine Gael) | Oireachtas source

I want to support what Mr. Clancy said about Irish companies scaling up. That is important. In future, we might hear more about that and how it is going. I am delighted that Mr. Clancy agrees with me. It is something I have come across time and again where Irish companies start up, grow to a certain level and then cannot go any further. I would be interested to know what specific supports they can get in order to grow beyond the point to which I refer and become global enterprises, rather than having to sell or be taken over or taken out by a competitor because they cannot go any further.

I asked about eligibility for the Ukraine enterprise crisis scheme. He might correct me if I am wrong, but Mr. Clancy said that companies that are involved in manufacturing in Ireland only and not involved in international trading can qualify. I was looking at the Enterprise Ireland website and it says that applicants must demonstrate that their companies are "engaged in Manufacturing and/or Internationally Traded Services". Does that mean that if a company is producing something in Ireland that is only being sold here cannot qualify?

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