The Department of Business, Enterprise and Innovation (DBEI) have released a paper, Building Stronger Business, which sets out the work underway and planned by the Department in response to Brexit. The strategy is to minimise the risks and maximise the opportunities by ensuring the growth and resilience of Irish enterprise post-Brexit. The paper focuses on four key pillars which DBEI are working across:

• Helping firms to compete;
• Enabling firms to innovate;
• Supporting firms to trade;
• Negotiating for the best possible outcome

In terms of the policy response, the focus by the DBEI is to assess the possible implications and impacts of Brexit across policy areas of the Department and to review, renew and recast key policy approaches and interventions in the economy as appropriate. The DBEI are also committed to enhancing the capacity of the enterprise agencies to ensure that they are in the best possible position to address the needs of their clients in relation to competitiveness, innovation and trade diversification. This is being achieved through the provision of information, advice, training and other supports. In addition, the Department is also examining possible State supports to help vulnerable firms to adapt, to reinforce enterprise and employment across all sectors and regions.

For further information, the full paper can be accessed here.