Businesses Should Prepare for Brexit – Cllr Ó Murchú

Cllrs Ó Murchú & Campbell with Thomas McEvoy (Louth LEO)

Sinn Féin Councillor Ruairí Ó Murchú has warned that Companies and businesses especially in the border area need to prepare for Brexit.

“While the emphasis needs to be on an EU and governmental solution to Brexit, small and medium enterprises should prepare for a worst case hard Brexit situation.

“Only 6% of SMEs in the South and 2% of SMEs in the North have a plan in place to deal with the possible impact from Brexit according to AIB’s fourth quarter 2017 Brexit Sentiment Index.”

Cllr Ó Murchú said “Thomas McEvoy, Head of Enterprise, and the Louth Enterprise Office have been briefing Louth County Council on the twists and turns of Brexit and they were instrumental in putting on the truly informative ‘Post Brexit International and Cross Border Conference’ in the Carrickdale Hotel recently.

“Not only were the obvious dangers to the economy across the island highlighted but also the varied facets of the impact of Brexit; it will have a bearing on taxation, employment, trade, customs, transport and logistics, compliance rules, legislation, importation, exportation etc. During council briefings and this conference there has been a strong emphasis on Brexit preparation programmes that are being put on offer for companies.”

Cllr Ó Murchú advised that “here is a necessity to draw the business community’s attention to these Brexit preparation aids. InterTrade Ireland has a ‘Brexit Voucher’ system which allows companies to engage a professional, to the value of €1,250 to evaluate its exposure to Brexit. Enterprise Ireland offer ‘Be Prepared Grants’ for SMEs who would benefit from further research and may need specialist services in developing their Brexit plan. This grant can be up to €5,000.

“Any measures which may mitigate some of the negatives of the Brexit process on Irish companies are to be welcomed. I would encourage companies and businesses in Louth to seek further information on ‘Brexit Vouchers’ and other related programmes from the Local Enterprise Office. We are very unprepared for Brexit and we are just over a year away”

For information on the Brexit Vochers or other related help go to localenterprise.ie/louth.