Endeavor Ireland begin Evolve Strategic Planning Grant and Evolve UK programme to reinforce Irish exporters elevate strategic response to the latest modifications and challenges in the UK trading ambiance
The original EU-UK Exchange and Cooperation Agreement has resulted in modifications to how businesses and sectors operate in the UK. Nonetheless, the market remains Ireland’s easiest single trading associate and ought to continue to provide opportunities for Irish exporters. A survey performed by Endeavor Ireland of 427 Irish exporters, exporting to the UK has published that 89% see future opportunities in the UK market. Also, 4 in 5 firms (83%) deliver that their strategy is to develop exports to the UK, while 15% deliver they will sustain exports to the UK. The survey turned into performed sooner than Endeavor Ireland’s legitimate begin of its Evolve UK initiative at its online event ‘The Light UK: Succeeding in a Changing Market’, taking location today.
In response to the original EU-UK Exchange and Cooperation Agreement, Endeavor Ireland has launched its Evolve UK programme,
delivering severe insights to Irish firms on the evolving UK market and sector modifications and opportunities via reports, insight bulletins and digital events.
Another initiative launching today is the ‘Evolve Strategic Planning Grant’,
designed to reinforce possibilities to reply to the challenges and opportunities, which absorb arisen as a results of modifications to the trading ambiance in the UK since January 1st, 2021. This reinforce, a €5,000 grant, from Endeavor Ireland will reinforce firms to adapt their manner to the market to stable and develop their sales. This would possibly well honest additionally reinforce firms to explore approaches to optimise provide chains, study opportunities as the market evolves and modifications, and prepare for modifications in certification and regulatory requirements.
Every initiatives can be launched this morning by Minister for Protest for Exchange Promotion, Robert Troy TD, at Endeavor Ireland’s online event ‘The Light UK: Succeeding in a Changing Market’, attended by Ambassador O’Neill Ambassador of Ireland to the United Kingdom, Endeavor Ireland CEO Julie Sinnamon, Mayor of Bigger Manchester, Andy Burnham and Mayor of Liverpool City Space, Steve Rotheram , with participation from shopper firms including Conor McCarthy, Chairman and Chief Govt, Dublin Aerospace and Lulu O’Sullivan, CEO, Items Recount & The Irish Store.
Robert Troy TD, Minister of Protest for Exchange Promotion, Digital and Company Regulation commented:
“The UK has consistently been and remains Ireland’s easiest single trading associate. In 2019 Endeavor Ireland shopper exports to the UK were the absolute top ever and represented 31% of total exports. The importance of the relationship between our two markets can’t be understated and over the coming months and years, the Irish and UK Governments will witness to strengthen this relationship further. With our deeply integrated networks, the UK is often the first export market for most Irish firms to develop and scale internationally. With the original EU-UK Exchange and Cooperation Agreement we can interrogate modifications in how businesses and sectors operate in the UK. Every the Evolve UK initiative and the Evolve Strategic Planning Grant can be instrumental in supporting Irish exporters to maintain informed and willing for market and sector modifications and opportunities.”
Marina Donohoe, Endeavor Ireland Director, UK and Northern Europe, stated:
“The UK market is evolving, and we can interrogate further modifications and traits over the months and years ahead. In this now publish-Brexit world, Endeavor Ireland firms remain optimistic and audacious about the opportunities in the UK market and systems to develop their export sales to the UK. Thru our two locations of work in London and Manchester, group of Market Advisors basically based totally in the UK, we are excited about delivering deep market and sector data to reinforce Irish exporters to adapt and develop in the UK, navigate modifications and pick evolving opportunities.”
In 2019, Endeavor Ireland shopper exports grew by 2% to €7.9bn, representing 31% of Endeavor Ireland shopper exports. The overall dependence on the UK market reduced to 31% of total exports, down from 42% ten years ago, a key focal point of the Endeavor Ireland market diversification strategy.
Media are invited to help the Evolve UK webinar The Light UK: Succeeding in a Changing Market taking location this morning (Thursday, 11 February 2021) at 9am.