Redeveloping port infrastructure is an important driver of FDI .Opinion is split on Ireland’s FDI prospects in light of Brexit, but the Celtic Tiger has reason to be optimistic, as the country aims to exploit the uncertainty surrounding the UK and leverage its new status as the only significant English-speaking EU economy.
This is reflected in the mood in the country which is becoming more buoyant. A recent survey by Dublin Chamber of Commerce testifies to this, with only 39% of firms now believing Brexit will have a negative effect, down from 50% six months previously. Investors can expect to enjoy corporate tax advantages and access to a rich reservoir of skilled labour. This has led to renewed commitments to the country from major international tech firms since the UK’s decision to leave the EU, evidencing that this is a time of opportunity for Ireland as it looks to attract talent and increase its share of the pie across the board.