Oireachtas Joint and Select Committees

Tuesday, 25 March 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Report on Access to Finance for SMEs: InterTradeIreland

1:55 pm

Mr. Aidan Gough:

If I forget anything, Chairman, you can remind me. To start with the budget cuts, InterTradeIreland in its previous corporate planning period was cut by 3%, 6% and 9% on the baseline figure. On its current corporate plan, which runs for 2014 to 2016, inclusive, there are further cuts of 4%, 8% and 12% on the baseline figure of our 2013 budget allocation. By the end of that period it will be six years of consecutive cuts. That is agreed through joint planning guidelines that are agreed between the Department of Finance and Personnel in Northern Ireland and the Department of Public Expenditure and Reform in Ireland. They go through the North-South Ministerial Council. Obviously, that level of cuts affects the delivery of services. There is a high demand for our services. Our programmes are run mainly in the areas of helping small, micro businesses to take the first step on the exporting ladder and helping them to export into the other jurisdiction. We have found that 73% of businesses that export from the island got their initial experience of exporting by operating on the cross-Border market. There is a high demand for those programmes both in the trade area and also in the innovation area, where we are brokering innovation links-----