Department of Business pays out €300,000 to OECD for ‘policy roadmap’


Department of Business pays out €300,000 to OECD for ‘policy roadmap’

Department of Business, Enterprise and Innovation Minister Heather Humphries
Department of Business, Enterprise and Innovation Minister Heather Humphries

The Department of Business, Enterprise and Innovation is to pay the OECD €300,000 for a 20-page SME “policy roadmap”, new figures have revealed.

The ‘Review of SME and Entrepreneurship Policies and Issues in Ireland’ that is currently under way by the intergovernmental economic organisation is just one of a range of consultant reports that the department has agreed to so far this year.

Other reports that the department has asked outside consultants to carry out include one by Copenhagen Economics into strategic implications arising from EU-UK trading patterns and another on skills for the digital economy by UK consultancy IDC, according to information contained in an answer to a parliamentary question.

The OECD’s review of Irish SME policy, was launched by Minister Heather Humphreys in March and “will see a comprehensive review of the SME business ecosystem and policies, using OECD expertise in a structured and defined process”, said a department spokesman.

The OECD review and resulting 20-page strategy roadmap are due to be published by the end of 2019.

Areas to be covered in the review include taxation, the regulatory environment, productivity challenges, and skills and human resource management.

It also includes an assessment of the main SME-targeted programme areas, including SME workforce and management skills, internationalisation, financing and innovation.

“The OECD review team, made up of four colleagues from the OECD and four International experts, came to Dublin and Limerick for a week-long stakeholder engagement,” said the spokesman. “This took place on 18-22 June 2018. During this study mission, the review team met with a broad range of stakeholders from the private and public sectors.

“The aim of these meetings was to explore the opportunities and constraints faced by SMEs and entrepreneurs regarding the programmes and policy interventions that have been developed to support them.”

Topics discussed included regulation, access to finance, innovation, skills, the role of clusters and networks, and local infrastructures, he said.

Sunday Indo Business

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