Cost competitiveness, access to finance and excessive bureaucracy must be addressed.
Resilient SMEs can continue to drive economy.
ISME, Friday 30th May 2014.
ISME Chairman, Eamonn Kielty has called on the Government to shake off its post-election stupor and get down to real action to ensure that the economy regains the competitiveness lost during the bubble years.
Speaking at the ISME Annual lunch in Croke Park, today (Friday 30th May), Mr. Kielty said, “The particular areas of concern include, the unsustainable costs of running a small business in Ireland, the lack of access to badly needed finance and excessive red tape and bureaucracy, which continue to limit the growth of thousands of businesses”.
“It is of the utmost importance that the fragile revival in the economy is nurtured and that there is a continued acceptance that there is still a long way to go. Businesses are recovering but at a slow rate. It is going to take a lot more time and sustained effort before we can truly put the effects of the recession behind us.” “Government must ‘renew its vows’ to get the country working. It can only do that by creating an environment in which SMEs can see a future to invest and expand. The first and most important task is to bring our costs back in line with our international trading partners. The lesson from Bausch & Lomb cannot be ignored and the reality of global trade must be driven home to Irish trade unions who demand pay increases, strike at the drop of a hat and require instant gratification no matter what the cost.”
“Despite these obstacles, we are on the road to recovery, Irish SMEs are resilient, resourceful and resolute and we will, not alone survive but thrive, in the future that we help to create. We in the business community will continue working to bring the country back from recession, all we ask is for the government to play its part”, he concluded.