Oireachtas Joint and Select Committees

Wednesday, 8 October 2025

Joint Oireachtas Committee on Enterprise, Tourism and Employment

Competitiveness and the Cost of Doing Business in Ireland: Discussion (Resumed)

2:00 am

Mr. Aebhric McGibney:

IDA Ireland provides a unique service. It has a budget to go around the world bringing businesses into Ireland, and that is really important. We have seen the threat emerging from the Trump Administration, which is encouraging American companies to invest more in the United States. Obviously, we want our existing companies here in Ireland to grow and we also want to attract new ones.

Enterprise Ireland, meanwhile, deals with what is probably a limited number of exporters. Many companies that would like to export are using supports such as the Enterprise Europe Network. It is important that the LEOs focus on spending their budgets on services that are not being provided in their local communities. We propose to Enterprise Ireland and local government that the LEOs very carefully map out the services provided in their areas and ensure they are not spending money on areas provided for but, rather, on where there are gap. That is something I would draw attention to.

Not many of our members are family businesses. There is some anxiety within Family Business Network Ireland about the various legislative changes. I believe there is a six-year cap that needs to be reviewed. I can come back to the Deputy on that. Again, it goes back to the point I made earlier, which is that we constantly hear of companies reaching a certain point where their best option to grow is to move abroad.

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