Neale Richmond (Dublin Rathdown, Fine Gael)
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405. To ask the Minister for Public Expenditure and Reform the status of negotiations on the EU Brexit adjustment reserve; and if he will make a statement on the matter. [16417/21]

Michael McGrath (Cork South Central, Fianna Fail)
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The Brexit Adjustment Reserve represents an important response by the European Union to the challenges posed by the United Kingdom’s departure from the EU. Ireland played a leading role in securing support for the Reserve at the European Council meeting last July.

The purpose of the Reserve is to help counter the adverse economic and social consequences of Brexit in the sectors and Member States that are worst affected. It will provide support:

- to economic sectors, businesses and local communities, including those dependent on fishing activities in UK waters;

- to employment, including through short-time work schemes, re-skilling and training;

- to ensure the functioning of the required checks and controls as well as communication, information and awareness raising for citizens and businesses.

It is generally acknowledged that Ireland is the Member State most impacted by Brexit and so we expect to be a significant beneficiary of the Reserve. Ireland has already expended a considerable amount on preparing for Brexit, with successive budgets since 2016 providing significant supports for business and the agri-food sectors, as well as the infrastructure required at the port and airport to maintain the flow of east west trade.

Discussions on the Reserve are continuing in the Council of Ministers and the European Parliament. Ireland’s view is that the Commission’s proposed allocations are relevant, appropriate and fair and that they are in line with the solidarity envisaged by the European Council. The proposed allocation for Ireland reflects the unique, adverse and disproportionate impact of Brexit on our economy.

Ireland remains actively engaged in the ongoing discussions at political and senior official level and hopes that agreement on this proposal can be concluded quickly, so that funding can start to flow.