Belfast Telegraph

Wales sets out to woo Irish food firms

By Staff Reporter

The food promotion agency for Wales has targeted food and drink companies in the Republic to persuade them to relocate following the Brexit vote, according to reports.

Food and Drink Wales has contacted companies in the Republic of Ireland, to inform them of the benefits of setting up in the region, according to The Times.

The newspaper's Irish edition said it had seen an email to an Irish food company, in which an official from Food and Drink Wales, referred to the "complementary growth support" it could offer.

It adds that: "Wales is the UK's leading region for food and drink... we can offer access to wide range of resources to assist with your growth in the UK market."

The email adds that the agency had already helped other Irish food and drink companies with challenges such as currency fluctuations and the search for partners in joint ventures.

Irish food company Greencore, a maker of pre-packed sandwiches, are already listed on the London Stock Exchange.

Food and Drink Wales, which is part of economic development agency Business Wales, told The Times it had received expressions of interest from Irish companies, but had not received any firm commitment to relocate manufacturing operations.

"We probably won't know until Article 50 is triggered and we know what a final deal looks like."

Food companies in the Republic have come under pressure since the vote to leave the EU, with the falling value of sterling making their goods less competitive to buy in its export markets.

Belfast Telegraph