Oireachtas Joint and Select Committees

Wednesday, 3 July 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Engagement with the Department of Enterprise Trade and Employment

10:00 am

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

With regard to small businesses, the Small Firms Association, SFA, issued a press statement on 31 May saying that in its view, based on research it carried out, one in three small businesses will run out of liquidity within six months without additional funding. This is in accordance with its survey. The statement goes through the findings and reports that 80% of small businesses have experienced rising costs and so on. Has the Minister carried out any comparable research? What is the Department's view with respect to this quite concerning statement from the SFA?