Enterprise Ireland has said that the UK’s vote to leave the EU will present significant new challenges for Irish companies exporting to the UK, and announced that it is immediately implementing its plans to support these companies. These include steps to help companies maintain their UK presence while also diversifying into other international markets.
Enterprise Ireland said that in the immediate term, the key impact on Irish exporters is likely to be around exchange rate volatility and that companies as a first step should seek financial advice relating to hedging and managing associated risks. It also said that it would be intensifying its efforts to support companies respond to the new situation and implement medium term market diversification plans.
For more information, please see the attached Press Release from Enterprise Ireland.
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- Download: UK EU Referendum Press Release