The performance of sectors such as Food and Industrial Products has contributed significantly to strong export growth in recent years. In addition, specific sub-sectors and groups of companies, operating within areas such as Medical Devices, Construction, Telecoms and Proprietary Engineering, have experienced high growth rates.
Sustaining export performance requires that, in partnership with Irish companies, Enterprise Ireland continues to drive growth in existing and emerging markets and sectors. In the context of an increasingly competitive global market place, a particular challenge for all sectors is remaining cost competitive and relevant to customer needs.
To consolidate growth in existing sectors and capitalise on emerging growth opportunities, Enterprise Ireland will continue to drive improvements in innovation, competitiveness, productivity and management capability in Irish companies. We will also support collaborative projects and networks which contribute to development and growth. In addition to the targets already outlined in the strategy we will introduce a successor to the Productivity Improvement Fund.
Strategic targetDriving competitiveness and growthEnterprise Ireland will from early 2008 offer a new support fund that will build on the success of the Productivity Improvement Fund established in 2005. Supporting competitiveness is a priority in the face of increasing global competition and we will meet this challenge with a number of key initiatives. |
To maximise the growth potential of client companies we will stimulate an increase in the services revenues of existing client companies through the ‘servicisation’ of their current offerings. This is important because in the future many Irish firms will gain a greater proportion of their revenues by offering:
This is a strategic approach which is important for the medium to long term positioning of Irish companies in global markets.
The Food industry is Ireland’s largest indigenous industry. It plays a crucial role in the continued growth and success of the economy. There are significant opportunities in the Food sector and Enterprise Ireland will continue to work with companies to progress improvements in innovation and productivity and to enhance management capability.
Enterprise Ireland will:
