Family Business Network welcomes energy supports for businesses but calls for a new long-term strategy to support local employers and jobs.
27th September 2022 – The Family Business Network (FBN), the organisation representing family-owned businesses throughout Ireland, has responded to the publication of Budget 2023 by the Minister for Finance Paschal Donohue and Minister for Public Expenditure and Reform Michael McGrath.
Commenting on the Budget, John McGrane, Executive Director of the Family Business Network, said: “Family businesses welcome the Temporary Business Energy Support Scheme. However, the limiting of EU supports to manufacturers and exporters severely penalises the other employers on which they depend in every community, such as Retail, Waste and other key local services.
“In addition, Ireland is too reliant on tax revenue from just a few foreign firms, in just a few sectors and locations and action needs to be taken if the Government wants to protect and develop our home-grown employers. Budget 2023 is a missed opportunity to begin rebalancing the economy and put these firms, who account for four-times the Net National Product of their FDI counterparts, at the heart of economic planning and we urgently need a new long-term strategy for local employers and jobs.
