Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Challenges Facing Small and Medium Enterprises: Discussion

Mr. Simon McKeever:

There are two pieces missing. What Enterprise Ireland does is exceptional. We are world-class at that. The IDA is world-class in what it does. However, we are missing a trick on both sides of that equation. It is a whole different skill set to get from medium-sized to global companies. That raises questions as to whether we are prepared to let Irish companies set up production facilities or service sectors in other parts of the world. Possibly we need to get over the hang-up we have about the possible result that jobs will be transferred from Ireland to another part of the world. It is not necessarily so because when a company becomes global and operates in other parts of the world it tends to bring innovation back in. Some of, but not everything, that happens in the parent company in Ireland might change. It changes to be able to deal with the world better. We have always had a hang-up nationally as regards shipping jobs abroad. What we require, to become a centre of global excellence for large companies, is a different mindset than that which we currently have. I am not sure whether I have answered the Deputy's question.