Business Supports

Dáil Éireann Debate, Wednesday - 28 June 2023

Wednesday, 28 June 2023

Questions (61)

Louise O'Reilly

Question:

61. Deputy Louise O'Reilly asked the Minister for Enterprise, Trade and Employment the level of funding set aside for the post Brexit: market growth and diversification grant in 2023. [31519/23]

Written answers

Minister of State at the Department of Enterprise, Trade and Employment

Under the ‘Post-Brexit Market Growth and Diversification Grant’, eligible Enterprise Ireland and Bord Bia client companies can access a fast-track strategic market development programme that will assist them to develop a strategy to enter and grow new markets outside of the UK.

This new grant has been developed under the EU’s Brexit Adjustment Reserve (BAR) fund established to support impacted industries post-Brexit.

The BAR fund aims to provide financial support to the Member States, regions and sectors most affected by Brexit to deal with the adverse economic, social, territorial and, where appropriate, environmental consequences.

Over the course of Budgets 2022 and 2023, some €15 million has been allocated to my Department’s estimates by the Department of Public Expenditure, NDP Delivery and Reform under the Brexit Adjustment Reserve.