Dáil Éireann Debate, Wednesday - 20 September 2017
124. Deputy Michael Healy-Rae asked the Tánaiste and Minister for Business, Enterprise and Innovation her views on a Brexit regional adjustment fund to provide the regions with new trade routes and to upgrade existing ones; and if she will make a statement on the matter. [39054/17]
View answerThe Government is conscious of the need to consider the types of supports that Irish businesses may require across all regions of the country, to address challenges arising from the UK's decision to leave the EU. Short, medium and long term responses from market diversification through to price repositioning will be needed.
On foot of extensive engagement with industry, my Department is working with the Department of Finance, the Department of Agriculture, Food and the Marine, Enterprise Ireland and the SBCI to develop appropriate, tailored and targeted responses. This work, along with market developments as a result of Brexit, and ongoing engagement with the business community, will inform further discussions with the Commission and the development of any further initiatives to business.
A lot can be done within the existing EU State Aid Framework. We are confident that the measures currently in development will be State Aid compliant, and we are taking steps to ensure that we can use all options available under the State
Aid framework to provide support to companies impacted by Brexit.
Should issues arise that require an approach that does not fit within the existing rules, we will move quickly to advance this with the EU Commission.
