Chamber News

Chambers Ireland welcomes Formal Agreement of €300 million Brexit Loan Scheme

Commenting on today’s (22nd January 2018) announcement of a formal agreement on the leveraging of a total of €300m for the Brexit Loan Scheme for Irish businesses, Chambers Ireland Chief Executive Ian Talbot said, "We welcome today’s formal agreement, which aligns with our consistent recommendations for state-guaranteed supports for Irish businesses to diversify into new markets. Indeed, this was one of our central recommendations in our Pre-Budget Submission 2018 last year, which called for an Export Working Capital Scheme to help SMEs meet the challenges arising from Brexit.

"The Loan Scheme is a clear commitment and a positive step by Government to help Irish businesses prepare for the unique issues facing them in light of Brexit. We also urge businesses to engage with these opportunities. The responses from Irish businesses in last year’s EUROCHAMBRES survey identified Brexit as their number one challenge. While challenges remain, opportunities such as today’s announcement and the ratification of last year’s EU-Japan trade agreement are beginning to manifest."

 

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"Waterford is a very attractive location for Foreign Direct Investment as it is a dynamic city which is very much open for business – the city has a proven track record of attracting investment from start-ups and expanding business, who are hugely supported by Waterford Chamber. The city, county and region offers a young, well educated workforce and is easily accessible for international visitors. Waterford’s quality of life for employees is exceptional as it blends elements of rich cultural heritage with a new and vibrant lifestyle – with new additions such as the Greenway further showcasing the county to not only locals, but visitors from all over Ireland and overseas. The Chamber has been a vital link in welcoming our companies into the local Business Community – helping them not only network, but also gain a sense of community and belonging."

Brendan McDonald, Regional Manager, South East Region, IDA

 

 

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