IoD: ‘Northern Ireland trade investment welcome but clarity over changes needed most’

Responding to the Government’s announcement of funding to support traders in Northern Ireland, Allie Renison, Head of Europe and Trade Policy at the Institute of Directors, said:

“The launch of this service is a welcome step forward, providing industry in Northern Ireland with planning support. However, what traders need most of all is the detail of changes they can’t yet see and enough time to adjust.

“It’s plainly evident that the continuing negotiations with the EU are the reason that detail is not yet forthcoming. Time is running out to enable a smooth exit from transition, which is an absolute must for businesses struggling just to stay afloat during the pandemic.

“Securing a deal is critical for our economic recovery, as is transitioning to those new arrangements once clear. Given the trader support service relies on businesses providing correct information, which remains blurry at present, we urge the government to extend further fiscal support to help industry prepare across a much wider range of areas.”