Ireland : compensating the negative aspects of Brexit

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

 

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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 ».

Chloé LOURENO