The UK’s vote to leave the EU will present significant new challenges for Irish companies exporting to the UK. Plans and advice have been immediately implemented from Enterprise Ireland, Bord Bia and IntertradeIreland which are aimed at supporting Irish companies. The actions proposed include steps to help companies their UK presence while also diversifying into other international markets.

In the immediate term, the key impact on Irish exporters is likely to be around exchange rate volatility and companies as a first step should seek financial advice relating to hedging and managing associated risks.

Efforts to support companies respond to the new situation and implement medium term market diversification plans will be supported locally by Monaghan Local Enterprise Office.

5 Pillars of Enterprise Ireland Support: (www.enterprise-ireland.com/en/Publications/Reports-Published-Strategies/Information-guide-for-Irish-exporters-to-the-UK.pdf)

New guide for Irish Business exporting to the UK: (www.enterprise-ireland.com/en/UK-Export-Help/New-guide-for-Irish-business-post-UK-Referendum.pdf)

IntertradeIreland Brexit Fact sheet for business: (www.intertradeireland.com/media/g17/pdfs/Brexit.pdf)

Bord Bia Brexit Briefing Document: (www.bordbia.ie/corporate/press/Documents/2016/BrexitBriefingInformation.pdf)