The Irish Small and Medium Enterprises Association (ISME) last month identified that billions of euro in tendering opportunities would open in the years ahead for Irish business as a result of Brexit.
This matter was reported in the Financial Times of London during the week. As a consequence of Brexit, British companies are being frozen out of the EU tendering process because they will not be EU members by the time these contractual opportunities mature.
The ISME have called on the Government to act on these opportunities right now for the sake of the SME sector in Ireland.
Specifically, the organisation has called for assistance to SMEs in learning how to win international tenders.
The ISME have also called for a task one government agency with an outreach programme to economic development bodies across the EU, promoting business with Irish companies and for the nomination of one development agency to facilitate and drive international tender consortium formation.
Speaking this week, ISME CEO, Neil McDonnell said, "There is an onus on Government to act on these opportunities right now for the sake of the SME sector in Ireland."
He added, "We cannot just sit back and assume these opportunities will fall into our laps. There are silver linings to Brexit, this is one of them. We cannot wait. Action by the government is required now."