According to a report in Innovation Committee , the local market has yet to fully embrace crowdfunding, which it puts down to a lack of regulation in UK compared to the “progressive approach” of Ireland regulators. The report states that this lack of bespoke regulation leaves gaps in consumer protections, preventing the sector from gaining mainstream popularity. A recent report from the Oireachtas ( Oireachtas Legislature) Jobs, Enterprise, and the Irish Examiner recommends the government legislate crowdfunding to “set the conditions for SMEs in the creative economy to thrive."
According to a report in the Irish Examiner, the local market has yet to fully embrace crowdfunding, which it puts down to a lack of regulation in Ireland compared to the “progressive approach” of UK regulators. The report states that this lack of bespoke regulation leaves gaps in consumer protections, preventing the sector from gaining mainstream popularity. A recent report from the Oireachtas (Irish Legislature) Jobs, Enterprise, and Innovation Committee recommends the government legislate crowdfunding to “set the conditions for SMEs in the creative economy to thrive."