Border businesses face challenges following Brexit result, but also opportunities – Fitzpatrick

Fine Gael TD for Louth, Peter Fitzpatrick, has said that border businesses face challenges following the Brexit result, but also opportunities.

“There is no doubt that the UK’s decision to leave the EU will have major consequences for us here in Ireland and particularly in Louth.

“Over the weekend I have spoken to many constituents and business people who are concerned about the fall out and particularly the immediate danger of the fall in the value of sterling. This is a real concern and one which will have to be faced, but we have overcome these challenges in the past and will again.

“I know that there are legitimate concerns out there, but I also believe there is too much scaremongering and people playing political games for their own gain. Sinn Fein’s call for a border poll is just a political stunt and should be seen as such.

“We are proud members of the EU and that is where our future lies. We are committed to the EU, the single market and the euro. The Irish Government must now protect and secure the ongoing free movement of people, trade and capital between our two countries.

“I believe that if the UK exit from the EU is handled properly it could lead to great long-term opportunities for Ireland and Louth in particular. At present the UK is the largest receiver of foreign direct investment in the EU, at over €35 billion per year. After the Brexit result we have a fantastic opportunity to bring more of this foreign direct investment to Ireland. Up until now these companies had a choice between Ireland and the UK. With the UK leaving, we will now be the only English speaking country in the EU and we must use this to our advantage.

“News reports are already coming in of many multinational companies considering relocating their headquarters away from the UK. I would urge the IDA to immediately put in place an action plan to contact every potential foreign direct investor and outline the advantages of investing in Ireland.

“We must exploit these opportunities and ensure that as a country and a county we continue to prosper as a fully committed member of the EU.”