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Enterprise Ireland Funding

Dáil Éireann Debate, Tuesday - 24 April 2018

Tuesday, 24 April 2018

Questions (319)

Lisa Chambers

Question:

319. Deputy Lisa Chambers asked the Minister for Business, Enterprise and Innovation the budget allocated to the Be Prepared grant for Brexit; the number of client companies that have applied for and been awarded same, respectively; and if she will make a statement on the matter. [17450/18]

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Written answers

My Department, through its agency Enterprise Ireland, supports companies in urban and rural areas to start, innovate and remain competitive in international markets, now and into the future. On an annual basis Enterprise Ireland works with approximately 5,000 companies through a network of market and sector advisers based across 10 national offices and 33 international offices. These manufacturing and internationally traded services companies are a critical source of existing employment and job creation in every county in Ireland.

Brexit presents the most significant economic challenge of the past 50 years, and long-term structural and disruptive change will emerge. Being prepared is crucial to ensure resilience to emerging challenges. To promote awareness, and supported by a national Prepare For Brexit campaign, Enterprise Ireland designed and launched a €5k Be Prepared Grant that supports the costs of SME clients in preparing a plan to mitigate risks and optimise opportunities arising from Brexit. This grant is demand led, and I am confident that Enterprise Ireland has the budgetary resources to meet the needs of all eligible companies who apply for the Grant. To date, 100 companies have been approved for support under this initiative.

Enterprise Ireland will continue to promote the Be Prepared Grant to all counties and regions to ensure that the maximum number of clients are engaged in preparing for the impact of Brexit.

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