SFA Welcomes medium term economic plan

Wednesday, 18 December 2013

  • SFA Welcomes medium term economic plan
  • Small businesses must be at the heart of economic policy

The Small Firms Association has welcomed the Government’s medium term economic plan, however stated that the plan should have placed small businesses at the heart of economic policy. “we would all acknowledge that this has been a very difficult time for business, especially with entrepreneurship undergoing reassessment. This plan should have placed small businesses at the heart of economic policy. Small businesses are the drivers of innovation and a permanent source of employment and economic progress.”

“Despite the horrendous impact in the years since 2008, there are still 200,000 small firms in Ireland, employing 655,000 people and 13,000 new businesses being set up each year. Entrepreneurship is alive and well, but must be nurtured and developed with a renewed focus from both agencies and government.”

McNally added, “The plan is short on detail. It is vital that Government work with small business to put the right policies in place, as this vital sector will drive growth in the wider economy, more so than any other. The small business sector given the right economic conditions will generate the growth needed to create jobs and overcome our debt burden. Small business can lead the way in helping Ireland to recover faster and stronger.”

Ends.

For further comment, please contact: Avine McNally, Acting Director, Small Firms Association Tel 01 6051633
Close