Fine Gael TD for Dublin Fingal, Alan Farrell has stressed the need to make small and medium sized enterprises more aware of the Government funding supports available to them. This was highlighted in the recent SME Credit Demand Survey with was published this week by the Department of Finance.
“Positive results have been identified through the SME Credit Demand Survey which has shown that trading conditions are improving for SMEs. In fact, three-quarters of companies which responded to the survey stated that their turnover has either increased or remained static while almost one-quarter of small businesses have increased their staff numbers.”
“While the results of this survey provide some much needed good news, one important finding is that a large amount of SMEs surveyed did not know about the Government supports available or the Microfinance Loan Fund.”
“It is essential to ensure SMEs are provided with information on the supports and funding opportunities which are available to them. For this reason, the Government has launched a new online support tool for SMEs which is a very welcome development. I would urge all those who operate SMEs in Dublin Fingal to visit www.localenterprise.ie/smeonlinetool to find the necessary information on all Government supports which may be applicable to them.”
“As small businesses form the foundation of local communities and local economies, it is essential that we provide them with the supports necessary to help them succeed, grow and create jobs. Through doing this, we can also further facilitate the economic recovery at a local level as small businesses play a crucial role in this.”
“Furthermore, as part of the Government’s ongoing commitment in relation to jobs and enterprise, the Taoiseach recently announced the establishment of the Strategic Banking Cooperation Ireland which will improve the availability of credit to those in the SME sector. This will allow lenders to fund loans for a greater duration or through more flexible cash-flows with enhanced terms. Such terms will be facilitated by the Strategic Banking Cooperation Ireland and its European funding partners.”