Oireachtas Joint and Select Committees

Wednesday, 18 June 2025

Committee on Enterprise, Tourism and Employment

Scrutiny of EU Legislative Proposals

2:00 am

Mr. Ciaran Mullooly:

It is something that has come up on a number of occasions in meetings I have attended. We have been provided information by IBEC containing country-level breakdowns of mid-caps in Europe and the share of small and large mid-caps. There is some uncertainty, or perhaps a little uneasiness, about the reclassification of a number of companies and the follow-on implications. For instance, I have been contacted by some SME owners who asked whether going out of a particular category would, in turn, affect their ability to avail of support funding from the Department or Europe because they had been reclassified under a different area. In other words, is there a knock-on effect? I do not know if Mr. Forde has a view on that matter.

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