For the past number of weeks, headlines have highlighted the negative impact of the new Trade and Co-Operation Agreement (TCA) that has come from Brexit. However, in the words of Albert Einstein “In the midst of every crisis, lies great opportunity”. Read on to discover five such opportunities that you could capitalise on.
The scheme announced by Fáilte Ireland is for the tourism sector and is called the Tourism Business Continuity Scheme. The allocation of funds for this scheme was announced during Budget 2021 and delivers a small reprieve for the struggling industry.
Under the €55 million fund, businesses can apply for grants of between €3,750 and €200,000. To be eligible for the scheme, a business must:
Applications opened on February 11th on www.failteireland.ie/ business-continuity-scheme.aspx
The Year Ahead
The hazards involved in economic forecasting have been highlighted in dramatic fashion over the past year. While reviewing the equivalent piece I wrote this time last year, two statements stand out, that remind me once again of the futility of economic forecasting.
Firstly, in relation to the international outlook, I expressed a view that a hard Brexit would be avoided, and that the US/Chinese trade spat that had dominated 2019, would ease ahead of the US presidential election. I concluded based on these assumptions that ‘despite all of these uncertainties, mainly related to global geo-politics, it is more likely that global growth will be stable or slightly stronger over the coming year’.