50% of SMEs have not actively planned for Brexit – Chambers

Published on: 13 August 2019

Fianna Fáil’s Spokesperson on Brexit, Lisa Chambers TD, has voiced her concerns that SMEs are ill prepared for Brexit after it was revealed that 50% of SMEs have not actively planned for Brexit. The information was revealed to Deputy Chambers by way of parliamentary question.

Commenting Deputy Chambers said, “The findings of the Department of Business, Enterprise and Innovation most recent research reveals that that 50% of SMEs have not actively planned for Brexit. Given that we are just weeks away from a potentially catastrophic no deal Brexit these figures are extremely worrying.

“Report after report has stressed the impact that a hard or no deal Brexit will have on Ireland and it is concerning that despite all of the warnings 50% of SMEs have not taken steps to prepare. In my view the findings from the Department’s latest research underscores that the Government is failing to communicate effectively with businesses and SMEs about what they need to do to prepare for Brexit.

“I am therefore calling for a step change in the Government’s engagement with businesses and SMEs. There needs to be a concerted effort to reach those SMEs who are not actively preparing for Brexit and support given to those who are struggling to put mitigation plans in pace.

“Whilst no one wants to see a no deal Brexit, it is increasingly looking like the most likely outcome. Therefore, the next few weeks are crucial, and I sincerely hope there will be a marked change in the Government’s efforts to increase the number of SMEs with a Brexit plan in place,” concluded Deputy Chambers.

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