Business

Fit for purpose? The new plan to future-proof Ireland’s enterprise strategy

Against a shifting global economic backdrop of rocketing inflation, rising interest rates and a downturn in key industries such as tech, how will the government’s new enterprise plan address Ireland’s issues – now and into the future?

The white paper has set a target of growing R&D spending to 2.5 per cent of gross national income by 2030, from a 2020 baseline of 2.21 per cent

As Leo Varadkar addressed attendees at the National Economic Dialogue in Dublin Castle in June, he reflected on the symbolic nature of his surrounds.

“It’s 100 years since the last ever viceroy of Ireland handed Dublin Castle over to Michael Collins and the government of the newly independent Irish state,” the Tánaiste said.

Ireland’s society and its economy had been “utterly transformed”, Varadkar added, thanks to the good decisions of policymakers and the talent of ...