Tel: (01) 901 1310

menu

No recovery for SMEs with country in emergency mode

Share Post:

Share on linkedin
Share on twitter
Share on facebook
Share on email

Decision to reject move to Level 5 is welcome but there will be no recovery for SMEs while Ireland remains in emergency mode

SME Recovery Ireland has welcomed the Government’s decision to reject NPHET’s recommendation to move the entire country to Level 5 of the ‘Plan for Living with Covid-19’ but has expressed grave concern that there will be no recovery for Ireland’s small business sector while the country remains in emergency phase.

Commenting, Chair of SME Recovery Ireland, John Moran said: “We welcome the measured decision taken by Government to move to Level 3 and reject an all-out economic lockdown. There still however remains deep uncertainty among the country’s small business owners, who feel they were left on tender hooks over the past 24 hours in fear of the devastating impact a move to Level 5 would have had on them. These are not normal times and our small businesses have been through an extraordinarily difficult six months already. For those that have survived to date, the very least they deserve is to be communicated with appropriately and not subjected to further scare mongering.

“Over the past weeks and months, we have highlighted with our political leaders the precarious position the small business sector finds itself in. This was further emphasised last week by the Central Bank which released a financial note estimating operating losses for the SME sector between €10.3bn and €11.7bn from when the pandemic set in, to year end. These losses are in line with what we put forward back in May when we launched our National Small Business Recovery Plan and are also echoed by an ESRI study published in September which shows Irish SMEs may have lost between €6 and €10 billion from March-June.

“These financial losses demonstrate the urgency for additional grant aid support. The introduction of further restrictions across the country under Level 3 will be catastrophic for the businesses that have come through the last few months. The growing uncertainty that now exists within an already decimated SME sector will inevitably mean that further viable businesses will end up closing for good resulting in additional job losses. It is essential that communications on advancing restrictions are clearer and that the right measures are provided to help business owners get through the unprecedented challenge over the next couple of weeks.”

For further information on SME Recovery Ireland, visit: www.smerecovery.ie.

The Business Troubleshooters have been a part of SME Recovery during this pandemic and fully support the need for additional communication and supports. 

How has your business being impacted with the introduction of Level 3 restrictions country-wide? 

Let us know!

Quick Contact - Or Call: 01 9011310

Sign Up To Our Latest Transmission

To be sent automatic updates to our latest news articles, please fill in your details.

More News

Leadership

Do You Feel Stuck Trying To Grow Your Company?

Good leadership is vital for organizational success, but even good leadership can be an obstacle. Successful leaders often struggle with a few common issues: difficulty trusting others, identity and worth and self-discipline.

Warehouse Management

12 Tips for Keeping a New Warehouse Organized

If you want to serve your customers quickly and efficiently, you’ll need a good system of organization in place. But with potentially thousands of items to keep track of, dozens of people to hire, entire systems to build from the ground up, how are you supposed to do it?

The Business Troubleshooters Ltd.

Dublin

Carlow

Cork

Ⓒ 2020 - All Rights Are Reserved

Sign Up To Our Latest Transmission

Dublin

3013 Lake Dr,
Citywest Business Campus,
Dublin, D24 PPT3
Tel: (01) 901 1310

Carlow

Enterprise House,
O’Brien Road,
Co. Carlow, R93 YOY3
Tel: (059) 910 0440

Cork

Acorn Business Centre,
Mahon Industrial Estate
Blackrock,
Cork, T12 K7CV
Tel: (021) 2021130

Share on linkedin