Budget 2027 provides welcome support, but further action needed on business costs
Chambers Ireland and its network of affiliated members, including Ennis Chamber, welcome Budget 2027 as a positive and constructive package for workers and families that will support competitiveness and businesses across the country, while noting that further action is needed to address business cost pressures.
Chief Executive of Chambers Ireland, Ian Talbot, said, “This Budget was presented as a budget for workers and we support measures that ease cost-of-living pressures. It does not, however, address the full range of business costs affecting many of our members. Support for workers and families, investment in infrastructure and a stronger focus on education and training will nevertheless help Ireland’s competitiveness and support businesses across the country. The new Savings and Investment Account also has the potential to mobilise funding for growing indigenous businesses.”
Chambers Ireland also welcomed the commitment to increase and streamline local authority spending. Ian Talbot added, “Our network of 36 Chambers represents businesses in towns, cities and counties across Ireland, so regional development is a core priority for us. Giving local authorities greater capacity to invest in the capital projects that matter to their communities can improve the vibrancy and efficiency of local areas. We called for this in our Pre-Budget Submission and welcome its inclusion in the Budget.”
The allocation of €150 million from the National Training Fund to strengthen Ireland’s AI readiness is also welcome news. “Building AI capability is becoming an important test of national competitiveness. Ireland must help SMEs use AI to streamline their operations and raise productivity. That requires accessible, industry-led training and practical support.
The National Training Fund gives Ireland an immediate means of supporting that objective. With a projected surplus of up to €2 billion, the question is whether today’s €150 million commitment is ambitious enough to deliver AI adoption among SMEs at the scale and pace required.
Infrastructure
Infrastructure delivery was a central priority in Chambers Ireland’s Pre-Budget Submission. Welcoming the Budget commitments, with investment in national transport projects a priority for Chambers across the country. The Government’s continued emphasis on funding and delivery is welcome. The value of these commitments will be measured by whether they result in tangible improvements for people and businesses in our towns and cities.”
Childcare Package
The commitment in Budget 2027 to reduce childcare costs is good for families and good for business. Childcare is a major household expense and today’s announcement will bring relief to many families. The Government must also support providers to expand capacity and meet growing demand for places.
Safety
The provision for 1,000 additional Gardaí is a significant and timely measure, given the concerns raised by Chambers from across the country, including Ennis Chamber, about public safety and confidence in town and city centres.
A safe and welcoming environment is essential for thriving communities and local economies. Additional Garda numbers can strengthen visible policing and help business workers and customers feel more confident in our town and city centres. The priority now is to ensure these new resources are deployed where they can make the greatest difference.”
Sustainability
Sustainability is a core priority for Chambers Ireland, a National Champion of the UN Sustainable Development Goals. Commenting on the changes to the carbon tax, Ian Talbot said:
Ian Talbot said, “We recognise the pressures facing households, transport users and businesses. However, Ireland’s climate and competitiveness objectives have not changed. The test is whether we maintain momentum towards a more energy-efficient economy. If carbon tax increases are delayed, the Government must accelerate the infrastructure, investment and reforms that will enable businesses and communities to reduce emissions while remaining competitive.”
In conclusion Ian Talbot said, “The value of Budget 2027 will ultimately depend on the speed and effectiveness with which its commitments are delivered. The Government must also prioritise implementation of the Cost of Business Advisory Group’s recommendations to further demonstrate its commitment to Irish businesses and entrepreneurs.”
Ends
