Contents

Contents

Foreword … 3

1. Integrating Net Zero and Carbon Commitments … 7

1.1 Develop a National Industrial Strategy for Offshore Wind … 8

1.2 Embed Carbon Abatement into Enterprise Development Agency Operations … 9

1.3 Integrate the Cost of Carbon into Enterprise Agencies’ Project Evaluation Models … 11

1.4 Design Decarbonisation Roadmaps for Industry and our Commercial Built Environment … 12

1.5 Prioritise Financial Support for Green Investments … 13

1.6 Develop Green Skills and Capacities Required for a Net Zero Economy … 15

1.7 Promote the Development of the Circular Economy and Bioeconomy … 18

2. Placing Digital at the Heart of Enterprise Policy … 20

2.1 Support the Digital Transformation of Enterprise… 20

2.2 Establish European Digital Innovation Hubs … 21

2.3 Develop a Digital Portal for Enterprise … 22

2.4 Drive Uptake of Artificial Intelligence (AI) Tools in Enterprise … 23

2.5 Drive Digital Manufacturing Objectives Through Support for Industry 4.0 … 26

3. Advancing Ireland’s FDI and Trade Value Proposition … 29

3.1 Promote Open, Rules-Based and Sustainable Global Trade … 29

3.2 Deepen Irish Participation in Global Value Chains … 31

3.3 Promote Trade Opportunities … 32

3.4 Transform the Sustainability Performance of the FDI Sector … 33

3.5 Increase Investments in our Regions … 34

3.6 Strengthen Collaboration between MNCs and SMEs … 35

3.7 Enhance FDI Partnering in Research, Development and Innovation … 36

3.8 Enable Digitalisation of our FDI Base … 37

4. Strengthening the Irish-owned Exporting Sector … 38

4.1 Support Entrepreneurship and Start-Ups … 39

4.2 Develop Scaling Finance for Irish Firms … 40

4.3 Enhance Scaling Capabilities and Skills … 41

4.4 Accelerate the Export Growth of Irish Enterprise… 43

4.5 Expand LEO Mandate to Develop the Export Potential of Irish Businesses … 44

4.6 Support Market Diversification of Irish Firms … 45

4.7 Transformation of Irish exporting base … 48

5. Enabling Locally Traded Sectors to Thrive … 49

5.1 Facilitate our Locally Trading Sectors to Navigate the Twin Transition … 49

5.2 Support Small Firms in Energy Cost Reduction and Decarbonisation Investments … 50

5.3 Assist Locally Traded Sectors in Increasing Digital Intensity … 51

5.4 Enable Locally Traded Sectors to Capture e-Commerce opportunities through Digitalisation … 51

5.5 Boost Social Enterprise Contributions to the Irish Economy and Society … 52

6. Stepping Up Enterprise Innovation … 53

6.1 Double Spin-outs and Enhance Research Commercialisation … 54

6.2 Invest in Disruptive Technologies Innovation and Commercialisation … 55

6.3 Strengthen Regional Smart Specialisations … 56

6.4 Drive Innovation and Adoption of Modern Methods in Construction (MMC) … 57

6.5 Pursue Frontier Technology Opportunities in the Space Sector … 58

7. Building on Strengths and Opportunities … 59

7.1 Develop a Coordinated National Approach to Clustering … 60

7.2 Support Balanced, Sustainable Regional Development … 61

7.3 Develop Ireland’s National Hub Strategy … 62

Appendix I Metrics and Targets … 63