Supporting Dublin SMEs to cope with impending Brexit upheaval needs to be a priority
19 February 2019
Fianna Fáil Dublin City Councillor and Chair of the Dublin City Council Brexit Summit, Paul McAuliffe has said the Government must do more to support small and medium sized indigenous businesses in the greater Dublin region to manage the potential impact of Britain’s exit from the European Union.
A survey published by Allied Irish Bank this month reveals that with just 39 days to go, less than 10% of SMEs nationwide have a formal Brexit plan in place.
He said, “In June 2016, a matter of weeks after Britain’s referendum result, I hosted a Dublin Brexit Summit where experts from across a number of fields discussed the action that would need to be swiftly taken to protect the greater Dublin region and it’s indigenous business community.
“It’s deeply worrying that despite repeated warnings, the new findings published by AIB affirm a real fear; businesses in our Capital are ill-equipped and ill-prepared most especially in the event of a no deal Brexit.
“The obvious absence of strategic planning can only adversely affect Dublin’s ability to respond and guarantee that we can continue to attract business and retain our own home grown indigenous companies.
“It is clear that Dublin is the engine of Ireland’s economy but without investing in the city’s infrastructure or adequately supporting SMEs, it will only become more and more difficult to maintain our competitiveness.
“This Government has a responsibility to collaborate with SMEs and put a Brexit plan in place for them to follow suit. While other major European countries scrambled to publish comprehensive Brexit legislation, Ireland has appeared to bank on an orderly exit with a transition period.
“Let these latest findings act as a wake-up call; the businesses that operate in our capital city whether home-grown or not provide jobs and livelihoods that Government has a duty to protect.”