Businesses already struggling to survive are being surcharged by banks when they are looking for loans, the Sunday Business Post reports.
Posts Tagged ‘SME’
An extra €55 million is to be made available for start-up firms in an expansion of the Enterprise Ireland programme which supports high-potential new companies. Last year Enterprise Ireland supported 73 such firms but this is expected to rise to 85 next year and 100 by 2016.
In a separate development, the Government is to make funding available to help improve management training skills for small and medium enterprises. Minister Batt O’Keeffe is to provide €1.4 million over the next 12 months for a nationwide pilot programme. If successful the project will be expanded.
Banks are claiming that eight out of ten loan applications are being granted to small businesses but Mark Fielding, the chief executive of ISME, is not having any of it. In an article in the Sunday Tribune, the characteristically outspoken Fielding said that some Government-assisted banks are lending again as a result of the state rescue package.
A new portal website, www.procurement.ie, is aiming to make it easier to find information on procurement opportunities in Ireland.