Brexit preparedness

Brexit preparedness

20 February 2019 at 17:05

Ahead of the UK’s planned departure from the EU, we are providing to members, primarily in ROI, an information signpost (below) to various supports, information and services available to you and your business to help you manage Brexit risk.  This page will evolve once new information becomes available.

As of 14 March on RTÉ Radio 1, Tánaiste and Minister for Foreign Affairs and Trade, Simon Coveney TD has said that Ireland will continue to prepare for a no-deal Brexit and the Government hopes that over the next week, Brexit will take a positive turn that will provide more certainty.

Events in the House of Commons last night (13 March) marked a turning point for Brexit, he said.

EU leaders meet to discuss Brexit on 21-22 March.

 

We have grouped our Brexit signpost information under three headings:

Information about Brexit – supply-chain

Information about Brexit - general

Financial Supports

Information about Brexit- supply-chain

We are highlighting this area of supply, particularly because of the Irish Government's urge (18 February) to businesses to contact their suppliers and service providers to get assurances about the continuity of supply of goods or services post-Brexit.  

The two key recommendations made by Government in this specific regard are:

  1. If you have a UK supplier, do contact that supplier, service provider, logistics company, wholesaler or distributor, to seek assurances about the continuity of the goods and services they rely on to do their business - and their business with you.
  1. Then ask if their own suppliers are using the UK as a land-bridge to move their goods to your location in Ireland. If they do, this might cause delays and increased costs after Brexit. If you have any doubt about continuity in your supply chain, you should contact your Local Enterprise Office. (LEO) The map to the Local Enterprise Offices around Ireland is here. (LEO has 31 teams across the Local Authority network in Ireland and offer a wide range of experience, skills and services).

Information about Brexit - general

The Department of Foreign Affairs and Trade: Has a dedicated website on Brexit for both businesses and families called Getting Ireland Brexit Ready and it is here.

It has a Q and A section about Brexit – covering questions such as When are businesses likely to see the impact of Brexit? which is here.

It has a special section on the Economy and Trade here.

It has information about the common travel area which is here.

Under the common travel area (CTA), Irish and British citizens move freely and reside in either jurisdiction and enjoy associated rights and entitlements including access to employment, healthcare, education, social benefits, and the right to vote in certain elections.  The Common Travel Area pre-dates Irish and UK membership of the EU and is not dependent on it. The Department says on its website that detailed work is at an advanced stage, both at home and bilaterally between Ireland and the UK, to ensure that all necessary provisions are made in both jurisdictions so that the CTA continues to function effectively.

There is also a specific Government Brexit newsletter, and you can sign up to it here. It covers items such as forthcoming Brexit seminars.  For your convenience, these are:

26 February: Enterprise Ireland, Essentials of Exporting, Galway
26 February: Bord Bia, Regional Customs Training, Westmeath
5 March: Brexit & Beyond - Strategies & Supports, Offaly
7 March: Brexit Ready for Export Seminar, Local Enterprise Office, Limerick
14 March: Enterprise Ireland, Essentials of Exporting, Monaghan

Some other recent Government Brexit newsletters are here: DFA Newsletter Archive

The Government’s Contingency Action Plan on Brexit is here.

The Department of Business, Enterprise and Innovation also has a full section dedicated to Brexit on its website called Getting Businesses Brexit ready and it is accessible here.

Northern Assembly: The Northern Assembly also has details about Brexit here.

Its Research and Information Service has compiled an information hub here including Brexit related events happening in Northern Ireland and links to Brexit briefs.

Enterprise Ireland: The Government is recommending that businesses take Enterprise Ireland’s Brexit scorecard to prepare for Brexit and to make a robust plan.  The scorecard is here.

Enterprise Ireland: Is running Brexit Advisory Clinics here.

National Standards Authority of Ireland: Its Brexit unit’s remit is to provide support and guidance to Irish businesses and industry to mitigate Brexit effects on standards and certification. See here.

Revenue Commissioners: Revenue has a dedicated Brexit Portal on its website, which acts as a support for trade. Revenue has also developed a Trader Engagement Programme (seminars) to assist trade in preparing for the impact of Brexit. 

InterTradeIreland: This organisation has put together a glossary of key Brexit terms (i.e. what is the ‘Free Trade Agreement’, what is the ‘European Economic Area’ , what is ‘Article 50’, what is the ‘Common Travel Area’ etc) and you will find it here.

It also has a Tariff Checker.  If for example, you wish to view, filter and print the cross border tariffs and charges relating to your business, these are available here.

It has also developed case studies to help businesses navigate the new cross-border trading relationship as it emerges from the negotiations around the UK’s decision to leave the EU.

IBEC: This organisation is working with Government, state agencies, regulators and the European institutions, to best prepare for and manage all eventualities. It is also in ongoing contact with Europe’s main business federations to ensure Irish business concerns are understood in national capitals.

Some of its documentation is here:

Engineers Ireland: We became one of the first organisations to sign an agreement with our counterpart in the UK to ensure ongoing recognition of qualifications between the jurisdictions.  The deal will allow ongoing mobility post-Brexit for engineers coming to the Republic and for Irish engineers going to the UK. Known as the Access Pathways Agreement (APA), Engineers Ireland signed this Agreement in December 2018 with the Engineering Council, the registration body for engineers in the UK. More information is here.

Financial supports

There is a range of Brexit-related financial supports available to organisations including from InterTradeIreland, Enterprise Ireland & Local Enterprise Offices (LEO).

InterTradeIreland: Is offering Start to Plan Vouchers worth £2,000/€2,250 to businesses towards professional advice on Brexit matters. This support can help a business get advice on specific issues such as movement of labour, goods, services and currency management.  To apply, see this link here.

Enterprise Ireland: Is offering grant-aid in the form of a Be Prepared Grant, valued at up to €5,000 to assist in the cost of developing a strategic response to Brexit.

The grant is intended to provide support to clients to use external resources to undertake a short assignment to determine how the company could respond to the threats and opportunities of Brexit. The grant can be used to cover consultant’s fees, travel and expenses. If you wish to apply the link is here.

Enterprise Ireland: Its Market Discovery Fund aims to incentivise companies to research viable and sustainable market entry strategies in new geographic markets. It provides support towards internal and external costs incurred when researching new markets for products and services. Support can be provided over an 18-month period. There are three levels to this grant with Level One of the grant up to €35k. More detail is here.

Enterprise Ireland: It also has an Agile Innovation Fund, allowing companies to access up to 50% in support of innovation projects with a total cost of up to €300,000 – with fast–track approval. See this link here.

Strategic Banking Corporation of Ireland (SBCI):  The SBCI €300 million Brexit Loan Scheme is offered to eligible Irish businesses impacted by Brexit. The scheme is in partnership with the Department of Business, Enterprise and Innovation, the Department of Agriculture, Food and the Marine and is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.  The loans are available through AIB, Bank of Ireland and Ulster Bank. Approval of loans are subject to the banks own credit policies and procedures.

See this link for more information: here.

LEO: The Local Enterprise offices have a range of supports for the establishment or growth of enterprises and they are summarised here.