On 28th March, the Irish government launched the « Brexit Scheme », the aim of which is to compensate the negative effects of Brexit on certain Irish businesses. To this end, the government has deployed €300 million to fund it. The Scheme has the potential to benefit over 5,000 companies impacted by Brexit. Explanations
Help Irish companies after Brexit
Eligible businesses can now apply for the Scheme through the participating finance providers : it is open through Bank of Ireland and Ulster Bank, with AIB following in June. Minister for Businesses, Entreprise and Innovation, Heather Humphreys said : « Coming from a business background, I am acutely aware of the challenges that Brexit poses to firms. The Scheme will provide much-needed finance to eligible business impacted by the UK’s decision to leave the EU. I am confident that it will make a real difference to firms, enabling them to adapt, change and innovate. This, in turn, will help them to become more competitive, a fundamental trait in any resilient business ».