Food Drink Ireland reaction to Budget 2027
Food Drink Ireland, the Ibec group representing the food and drink sector has welcomed measures announced in the Budget including the new €1 billion Scaling Fund to support Irish SMEs to scale and grow and improvements to the R&D tax credit. These measures will help to boost investment in the sector and improve its competitiveness.
However, Linda Stuart-Trainor, Deputy Director of FDI, said that significant input cost inflation in energy, transport, raw materials and labour continues to challenge the sector. It is critical that Government focus on reducing the cost of doing business by minimising Government imposed charges and overregulation.
