Minister for Business, Enterprise and Innovation, Heather Humphreys, is expected to seek Cabinet approval for a series of supports for agencies involved in guiding companies through the difficulties posed by Brexit. 

Under the measures, Enterprise Ireland would secure the capacity to extend loans to client companies, and boost its research and development capacity. 

In the event of a no-deal Brexit, the measures will ensure that Microfinance Ireland, which assists companies with less than ten employees, would receive a further €10 million.

The proposal also includes a technical amendment to increase the aggregate capital funding that can be provided to IDA Ireland, Enterprise Ireland and Science Foundation Ireland from €7 billion to €14bn.  

It is understood the three agencies are close to the €7bn limit and so the increasing of the cap enables them to continue with their work. 

The measures are contained in the Industrial Development (Amendment) Bill and, if passed by Cabinet today, it is expected Minister Humphreys will seek to have it passed by the Oireachtas in the coming weeks.