Tel: (01) 901 1310

menu

ISME Latest SME Covid19 Survey

ISME have just released the results from their January 2021 Covid-19 survey with 362 SME owner-managed business's. The Survey results showed that 27% of businesses have availed of a Restart Grant while 69% are availing of the TWSS or EWSS while level 5 restrictions are still in place.

Share Post:

Share on linkedin
Share on twitter
Share on facebook
Share on email
ISME Survey

Source: ISME.ie / BusinessWorld.ie

ISME have just released the results from their January 2021 Covid-19 survey with 362 SME owner-managed business’s.

It has some interesting results for SME owners.

Here’s are some of the main headlines:

  • The research shows that 27% of businesses have availed of a Restart Grant, a 7% decrease on the 35% who had applied in November.
  • The survey found that 69% of respondents are availing of the TWSS or EWSS, making wages supports by far the largest liquidity solution availed of by business.
  • Just 11% of those surveyed are availing of the COVID Restrictions Support Scheme.
  • Furthermore, the number of respondents who believe their business will cease trading has dropped from 5% in April to less than 1% in November. The number who believe they can keep trading for more than 9 months has increased from 20% in April to 58% in November.
  • Almost 64% of SMEs have yet to seek assistance from their banks. While 19% of businesses are owed money by the State. Of those, 32% are owed less than €10,000, and 47% are owed between €10,000 and €250,000.

 

Commenting on the research, ISME CEO, Neil Mc Donnell said, “The main liquidity support being availed of by small business is the EWSS. With more than two-thirds of SMEs on the EWSS, it is vital that this support, as well as the CRSS, should continue for at least two months beyond the lifting of lockdown. In addition, we believe the so-called VAT reduction to 21% should be made permanent.”

He added, “The 23% rate was a temporary measure introduced at the same time as the 9% rate for hospitality. While the latter rate has ceased, the 23% VAT appears to have been forgotten about. The continued viability of many SMEs remains in doubt.”

From those results it does seem that their is a tentative air of “positivity” among SME’s at the moment. From our daily discussion with Small Business Owners across the country they are gearing up for “Back to Business” from 5th March and are optimistic going forward.

How quickly the Economy will recover once the restrictions are lifted is the key question though?

Read the full Survey results here 

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

The Missing Link for Successful Marketing.

Understanding the brain of your customer is key to finding a message that resonates and drives business. If you can incorporate this level of behavioural understanding into your message, your ideal customers will find you, refer business & give you all the data & case studies you need.

We Actively Avoid Information That Can Help Us

The conventional wisdom is that people should be eager to get information that can benefit them. That’s the idea behind marketing & public health messaging. But across several scenarios we saw that from 15% to more than 50% of people declined the information we were offering.

Leadership

Great Leaders don’t give orders

The best leaders spend five times more time teaching with questions than telling people what to do. What’s your ratio? Think about a leader and chances are your first image is of someone giving orders. So how can you eliminate the need to tell people what to do so often?

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

E: hello@thebusinesstroubleshooters.ie

T: 01 9011310