The Government is to make up to €428 million available to prepare the country for Brexit this year.

The exact amount was confirmed in an reply to a parliamentary question tabled by Fianna Fáil's finance spokesperson Michael McGrath.

Some €300m of this will be provided by the Future Growth Loan Scheme.

It is aiming to provide to loans to businesses at competitive rates in a post-Brexit environment.

A further €128m will be distributed through several other Government departments.

This includes €71m for the Department of Agriculture, Food and the Marine and its agencies.

There will be an increase of €14m in the allocation for the Department of Business, Enterprise & Innovation to plan for the impact of Brexit on the business sector. 

There will also be funding of €13m to support the opening of new markets for businesses.

€5m million has been allocated to the Department of Foreign Affairs and Trade to allow it to continue to address the challenges posed by Brexit