After 43 years as a member of the EU, the United Kingdom has voted to leave. Whilst many believed this would not happen, the reality of Brexit is here. The short term impact of the Brexit vote has already seen the depreciation of sterling, however the medium-term and longer term impacts are yet to be seen.
The agri-producer and wider food and beverage sector are a significant contributor to the health of the Northern Ireland (NI) economy, contributing to employment and export growth. The following impacts of Brexit will need to be considered by our local agri-food companies:
- strategic ambition;
- people and talent; and
- financing growth.