A lot of that 85% is IDA-supported companies.So 85% of Ireland’s exports are achieved at no cost to the state
Results from Enterprise Ireland
Why are you surprised that headlines about EI results give prominence to EI?the headlines are invariably around Enterprise Ireland .
That wasn’t what I said but your misinterpretation and focus on EI is consistent with the point I was making.Why are you surprised that headlines about EI results give prominence to EI?
Ok then, exactly what headlines are you referring to here?That wasn’t what I said but your misinterpretation and focus on EI is consistent with the point I was making.
You seem to be implying that most or all headlines about Irish exports are about EI? Even if this were true, and there's no evidence presented to support that assertion, then maybe EI just have a good PR department?So 85% of Ireland’s exports are achieved at no cost to the state but the headlines are invariably around Enterprise Ireland
Yeah that’s a view. You could be right.You seem to be implying that most or all headlines about Irish exports are about EI? Even if this were true, and there's no evidence presented to support that assertion, then maybe EI just have a good PR department?
I am far from an expert, but the logic is generally to support companies to get started with exports rather than beginning from scratch.What I was really getting at though was whether EI is really worth the expense to support Ireland’s export performance when the bulk of exporting companies don’t need to need them at all.
I’m not knocking them. Just pointing out that the vast bulk of Ireland’s exports occur without their intervention.Start ups are usually supported by your local LEO unless it is a major start up. They get handed over to EI, usually when they have 10 employees or more or fall into certain industry categories.
Most of what EI support is real exports, tangible business and not makey up accountancy and tax avoidance schemes, EI do a decent enough job, why knock them?
They deal with some fairly well established large companies that you wouldn’t think should need state assistance any more.I am far from an expert, but the logic is generally to support companies to get started with exports rather than beginning from scratch.
Kingspan, Glanbia, etc, generally don't need support to export more.
My guess (and it's only that) is that the support to large firms is kind of niche - exporting for the first time to Uzbekistan or the like.They deal with some fairly well established large companies that you wouldn’t think should need state assistance any more.
I don’t think they deal in obscure markets that wouldn’t provide a critical mass. Their focus is UK, eurozone and the USMy guess (and it's only that) is that the support to large firms is kind of niche - exporting for the first time to Uzbekistan or the like.
Why don't you look at an EI annual report and let us know what it says?I don’t think they deal in obscure markets that wouldn’t provide a critical mass.
Well that would certainly be better than guesswork.Why don't you look at an EI annual report and let us know what it says?
You're the curious one. Elucidate us.Well that would certainly be better than guesswork.
That’s a very good insight. ThanksEI supports start-up's and existing businesses that are export focused. They don't have to be big but they do have to be exporters.
They supply funding in the form of EU Grants and Irish Government Grants and in the care of start-up's they will take an equity share in return for funding. They are focused on supporting companies which develop their own Intellectual Property and their funding mechanisms are structured to that end.
In my experience of dealing with them over the last 15-20 years they are an excellent organisation. Their overseas offices are particularly good, with staff who are more dynamic and proactive than the Irish based staff who are more like Civil Servants.
Many of the larger companies they support don't receive much direct funding, rather they get help with collaborations with MNC's, export development, management training and linkages with Universities.
In my opinion they are excellent value for money.
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