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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: The deal that is on the table now has been carefully negotiated between the EU and the UK.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: It has been carefully negotiated.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I thank the Senator for raising those issues. The joint committee that will be set up between the UK and the EU will have to decide on a lot of issues. Obviously Revenue will be keeping an eye out for the sort of issues the Senator raised, including the issue of cars coming across the Border. It will be the same as it is now. A person cannot simply bring cars in from Northern Ireland.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: Yes, but a duty on them must be paid.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: There may be some changes-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: The car is valued by Revenue on this side of the Border. A lot of planning has taken place at the ports. In recent months the immediate focus has been on ensuring that the infrastructure in place at ports and airports is sufficient to respond to a no-deal Brexit. The infrastructure group chaired by the Department of Public Expenditure and Reform has confirmed that sufficient infrastructure...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I thank the Senator for his questions. We have a range of supports to help small traders to deal with any new customs arrangements. I acknowledge their concerns and worries. The first thing we encouraged everybody to do was to register for an economic operators registration and identification, EORI, number with Revenue. Without that, one cannot do anything. The local enterprise offices,...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: We are committed members of the EU and that augurs well for us. I returned last Sunday from a trade mission to Japan and was away for last week's activities and goings on.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I did not get to a rugby match.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I confess that I did not get to a game.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: We have the free trade agreement that was negotiated last February and Japan is looking to do more trade with the EU. One of our greatest selling points as a country is that we are a committed member of the Union, which gives us a quality of stability and certainty to bring to the table. We are seen as a stable country and a good place in which to do business. Moreover, after Brexit, we...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I will not go down that road. All I can say is that the revised the protocol has reinforced the pre-eminence of the Good Friday Agreement, including preventing a hard border. We hope we are not going to be in that space.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: The good news is that under the Brexit loan scheme, which is the working capital facility, some €45.2 million has been sanctioned at bank level. The future growth loan scheme is at €64.3 million as of 18 October last. The uptake has certainly accelerated. We plan to carry out a review. There is a wide range of supports in place and loans are a part of that. However, we plan...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: Yes. I can understand why some businesses may have been reluctant to take on additional debt. I am telling them to have the overdraft in place and if they have difficulties with cashflow because of Brexit, at least it will be there and they can use it. That is the main thing.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: No, I did not.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: No, I have not.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: Yes, and they never said a word.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I meet them every few weeks and-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: -----I have said on numerous occasions that if they have specific examples of companies that have been unable to access the Brexit supports to tell me about them and I will look at each of them. I meet all the representative bodies, be it ISME or Retail Ireland, every four or five weeks and not one of them came up with a complaint each time I met them. I will be interested to read the...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Update on Brexit Engagement: Minister for Business, Enterprise and Innovation (23 Oct 2019)

Heather Humphreys: I thank the Deputy for raising that matter. The application, regardless of whether one gets the loan, takes 48 hours. One visits the Strategic Banking Corporation of Ireland's website to sees if one is eligible. Then one goes to one's bank and submits the application. I have met many businesses and, in fairness, one gentleman I met told me he had no bother getting the Brexit loan scheme....

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