Supporting Founders, the latest on energy uncertainty and political insights

September 12, 2022

Dear member, 

Today Ibec published the findings of a major new report highlighting the clear barriers to growth being faced by entrepreneurs and founder-led enterprises in Ireland. 

The Ibec Founders report offers a suite of ambitious policy recommendations that are urgently required to establish an eco-system in which Irish entrepreneurial endeavours can thrive and prosper, for the benefit of business and wider society. 

You can learn more about the report’s findings and recommendations here. I would encourage you to amplify the campaign across your own social media channels using #Ibec #Founders. 

On Friday, an Extraordinary Energy Council Meeting of 27 EU Energy Ministers took place in Brussels to consider proposals designed to help address unsustainably high energy costs for households and businesses. 

Ibec welcomes the urgency that member states have impressed on the European Commission to develop a new set of temporary measures by the middle of this month to defend business competitiveness by alleviating the impact of soaring energy prices. 

The state aid measures proposed by the Irish Government, on foot of Commission guidance earlier this year, are a step in the right direction, however their sectoral scope is unnecessarily restrictive. A much more ambitious set of measures will be needed. Ibec’s position is that Budget 2023 should include business supports for indigenous industries to be rolled out as quickly as possible that won’t be conditional on EU approval. You can read more about Ibec’s Budget 2023 campaign here. 

Lastly, I would like to invite you to an Ibec event with Ivana Bacik TD, Leader of the Labour Party tomorrow, Tuesday, 13th September at Ibec’s offices in Dublin. 

With the possibility of a Government of the left after the next General Election, our discussion will explore what role could the Labour party play, how could its policies shape the Programme for Government and what might this mean for the business community. It’s a great opportunity to hear Deputy Bacik’s priorities as Labour leader, to ask her questions directly and to network with fellow Ibec members. The event will take from 8.30 am to 9.30 am and you can RSVP here. 

As always, if you have any queries, please let me know. 


Danny McCoy