Written answers
Tuesday, 28 November 2023
Department of Enterprise, Trade and Employment
Brexit Supports
Aindrias Moynihan (Cork North West, Fianna Fail)
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251. To ask the Minister for Enterprise, Trade and Employment what income by Enterprise Ireland has been sanctioned by his Department to ensure that Irish businesses have increased financial supports available under the Brexit adjustment initiative to assist and prepare for the new UK import rules to be imposed on Irish and EU exports and to commence at the end of January 2024; and if he will make a statement on the matter. [52320/23]
Neale Richmond (Dublin Rathdown, Fine Gael)
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Enterprise Ireland (EI) supports Irish businesses to take a strategic approach to growing internationally. Their 39 international offices can provide direct introductions to potential customers and partners, whether it involves an experienced international seller or a first-time exporter.
Businesses supported by Enterprise Ireland have access to a range of expert teams from Development and Market Advisors to Digital Marketers and Technologists, with in-depth industry knowledge and supports to start, scale and grow internationally.
My department provides funding through EI to help Irish businesses to become global leaders, by supporting them to explore international exporting opportunities to drive global growth. EI have a range of supports to help companies develop market entry plans, fund market research and upskill leadership teams. Businesses working with Enterprise Ireland benefit from international trade missions, trade event programmes and buyer visits which are instrumental when growing and scaling internationally.
Brexit Adjustment Reserve (BAR) funding has been allocated to my Department through the European Commission. In 2023, there was €15 million allocated to Enterprise Ireland (EI) for disbursal to indigenous companies to assist with eligible costs due as a result of Brexit. This funding covers the period from 2020 and must be drawn down by 31 December 2023.
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