Enterprise Ireland chief executive Julie Sinnamon told the Seanad Committee on the Withdrawal of the United Kingdom from the European Union that €121m has been given to 615 of the most exposed companies, employing 47,000 people.
The sectors most impacted are food, construction products, engineering, agriculture, machinery and timber and furniture.
In response to a query from the Irish Farmers Journal, Enterprise Ireland confirmed that of this money, almost €26m went to the food sector, which included Irish meat and dairy processors.
ADVERTISEMENT
Enterprise Ireland told the committee that client companies were adapting to the new trading environment, although with difficulty. A survey of 400 companies revealed that 30% were having problems with rules of origin and 29% were impacted by customs procedures and delays at ports. Vat is a problem for 165 of companies surveyed and 13% are having wider supply chain issues. The UK hasn’t introduced SPS controls yet, so this is not an issue at present.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Enterprise Ireland chief executive Julie Sinnamon told the Seanad Committee on the Withdrawal of the United Kingdom from the European Union that €121m has been given to 615 of the most exposed companies, employing 47,000 people.
The sectors most impacted are food, construction products, engineering, agriculture, machinery and timber and furniture.
In response to a query from the Irish Farmers Journal, Enterprise Ireland confirmed that of this money, almost €26m went to the food sector, which included Irish meat and dairy processors.
Enterprise Ireland told the committee that client companies were adapting to the new trading environment, although with difficulty. A survey of 400 companies revealed that 30% were having problems with rules of origin and 29% were impacted by customs procedures and delays at ports. Vat is a problem for 165 of companies surveyed and 13% are having wider supply chain issues. The UK hasn’t introduced SPS controls yet, so this is not an issue at present.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS