Oireachtas Joint and Select Committees

Wednesday, 17 November 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Impact of the Withdrawal of Covid-19 Measures on Business: Discussion

Mr. Declan Hughes:

If I have a minute, I will mention the strength of the SME sector. We may come back to it again. The management board had a significant discussion yesterday with our local enterprise offices about the pace and rate of entrepreneurship and the growth of the SME sector. That has been particularly in evidence over the past year. It has been phenomenal. Credit is due to businesses across the country for their innovation and job creation. We are looking at 400,000 additional jobs this year and next year, if we can keep the economy open. Most of those jobs will be in SMEs and small businesses throughout the country. Some 92% of businesses in the country are microenterprises that employ fewer than ten people. While-----

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