Oireachtas Joint and Select Committees
Wednesday, 22 March 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Start-up and Scaling Environment in Ireland: Discussion
Mr. Nick Ashmore:
An emphasis and a position around the value the Government places on seeing Irish businesses go beyond getting to a certain scale and selling out and ambitions around that would really help. Saying we really want to see this happen, that we want to see strong Irish businesses emerging and we are very supportive of that would help psychologically in the market that that support would continue for entrepreneurs and they would not be under such pressure to sell out or sell the business. The location of investors is important as well. A US-dominated group of investors in a business will pull that business towards the US whereas we are now seeing emerging mergers in Europe.
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