Brexit Information Centre

Since the UK referendum vote to leave the European Union in June 2016, the Local Enterprise Office Louth, Enterprise Ireland, Intertrade Ireland and other state agencies have been building a portfolio of supports to help Irish businesses to cope with the uncertainty and possible impacts of Brexit.

"Local Enterprise Offices will be the “first-stop-shop” for micro and small businesses for Brexit guidance and supports" 

on the 30th May 2017 Minister Breen announced a suite of supports and urged "all LEO clients to be Brexit ready and announces suite of Brexit supports for micro and small businesses totalling €3.4 million"

 

All facts. No noise. Practical help to navigate Brexit

The Local Enterprise Offices and Intertrade Ireland have joined forces to support the 95% of businesses who have not made preparations for Brexit.

The event, entitled ‘All facts. No noise. Practical help to navigate Brexit’, will take place at Croke Park, Dublin from 9am until 2pm on Tuesday 5th December.  It will be of particular interest to SMEs across all sectors, the professional advisory community, as well as industry stakeholder and representative groups.

The event will be hosted by Today FM’s Matt Cooper and will feature Dr. Vincent Power, partner at A&L Goodbody in Dublin.  An expert in EU law, Dr. Power will help firms focus on the key areas they should consider when planning for Brexit. 

Attendees will benefit from a choice of practical workshops on the potential impact of changes in areas such as Rules of Origin, taxation, VAT and customs, led by the Revenue Commission, among others.

Those interested in registering for the Dublin event can do so by visiting http://www.intertradeireland.com/brexit/events/brexit-dublin-event/

Useful guides 

A series of useful guides have been developed by several agencies and organisations to give you the best advice available on Brexit.

Local Enterprise Office Louth offered some advice for those impacted by Brexit in the Drogheda Independent in January 2017

Other very useful guides and advice for Irish SMEs trading with the UK can be accessed at:

New guide for Irish business post-UK Referendum

Enterprise Ireland's Information to Irish Exporters to the UK 

Prepare for Brexit SME Scorecard

The Brexit SME Scorecard is a free planning tool for Irish exporters to the UK. It is designed to help you assess your business readiness across six areas— Business Strategy, Operations, Sales and Marketing, Finance, Innovation, and People and Management.

Intertrade Ireland's Brexit Advisory Service

access a raft of supports from the Brexit Advisory Service, including Brexit Readiness Vouchers, which they can use to fund bespoke advice up the value of one thousand Euro; free Brexit briefing events; information on currency hedging and a ‘Five Minute Masterclass’, helping companies get Brexit-savvy. 

Irish Government's News Service 

Frontline Project identifying concerns of businesses along the border

Behaviors and Attitudes Survey

The Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, on the 4th May 2017 published the findings of a survey of 1,045 SME business owners which was conducted in January by Behavior & Attitudes, and has set out a number of actions being developed to support SMEs in responding to the challenges of Brexit. 

The survey indicated that 49% of companies had experienced no impact on their business from Brexit, and a further 15% had experienced minimal impact. However, when asked to look forward over the next 18 months the percentage expecting no Brexit impact drops to 26%, with 17% (1 in 6) expecting a significant impact.

The Minister for Employment and Small Business, Mr Pat Breen TD, commented “The survey shows that the types of companies impacted most in the short term are small businesses (5 – 50 employees), those in the border region and those involved in food exports. Non-food exporting companies anticipate that they will be affected more significantly in the long term. The survey highlights the importance for SMEs to be Brexit ready.”

Read the full Brexit – the view of Irish SMEs Report.

Informative videos


Enterprise Ireland CEO Julie Sinnamon discusses the outcome of the UK referendum and outlines the supports available to Irish exporters to the UK, this video can be accessed at www.enterprise-ireland.com/en/UK-Export-Help/Videos/

How to manage currency

John Finn, Managing Director of Treasury Solutions Ltd covers practical tips on dealing with the immediate impact of the UK referendum decision. He explores the various ways that a company needs to position itself for managing FX volatility as well providing suggested action points
www.enterprise-ireland.com/en/UK-Export-Help/Videos/#leftcol

The immediate impact of the BREXIT vote has been the depreciation of Sterling. SMEs are advised to take professional advice on currency and hedging to minimise the impact of Sterling’s volatility.

Although the UK decision is to leave the EU, this decision will not take effect for some time. The UK is still an EU member, so in the short-term Louth businesses can continue to trade with the UK on the same terms as before, and Irish citizens can continue to move freely on the island of Ireland, and to and from the UK.

The full and precise implications of the UK referendum result will now depend on the period of negotiation ahead, involving the UK and our EU partners. The Government has undertaken planning in recent months for the contingency of this result, and it will now take this work forward to ensure that Ireland's interests are represented fully in the negotiating process.

The Minister for Jobs, Enterprise & Innovation has acknowledged that there is a lack of clarity as to how the negotiation process will proceed and she will be working to ensure that there is certainty as early as possible on the terms of future trading relationships, including the extent of access by the UK to the EU's single market.

Ireland's continued commitment to the EU has been reinforced by Government.

Brexit Press Releases

15th May 2017 Minister Mitchell O'Connor Launches InterTradeIreland's Brexit Advisory Service 

16th May 2017SMEs invited to Prepare for Brexit Monaghan even t on 25th May 2017

30th May 2017 Minister Breen launches Brexit SME Scorecard for LEO Clients 

 

 

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