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Enterprise Ireland Clients to Reduce Exposure to UK Following Brexit

28th June 2016
Enterprise Ireland UK and northern Europe director Marina Donohoe: plans to cut the proportion of its clients’ exports to Britain by about 7 per cent. Enterprise Ireland UK and northern Europe director Marina Donohoe: plans to cut the proportion of its clients’ exports to Britain by about 7 per cent.

#IrishUKTrade - Enterprise Ireland are to seek its clients to be less reliant on the UK markets. The Irish Times writes the reduction will cut the proportion of their exports that go to Britain by about seven percentage points over the next five years, following the UK’s decision to leave the EU.

The agency responsible for helping Irish companies export to international markets, saw exports to the UK increase last year by 12 per cent to €7.5 billion.

The UK remains the Republic’s largest export market, though exports there as a proportion of Enterprise Ireland’s total client exports has declined from 45 per cent in 2005 to 37 per cent in 2015.

Enterprise Ireland UK and northern Europe director Marina Donohoe said on Monday “it would certainly be the intention” to reduce the figure further over the next number of years to mitigate the fallout from the referendum result.

For more on this story, click here.

Published in Ports & Shipping
Jehan Ashmore

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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