Bibby Financial Services ''Goverment Not Doing Enough for SMEs''

Bibby Financial

Bibby Financial has launched new research which reveals that the government is not doing enough in terms of support and assistance to help Irish businesses in the export markets, with only 15% of companies rating government performance as good or very good.

This is the third such report which examined exporting trends among Irish businesses and while the results indicate a positive shift in the circumstances for exporters, they also highlight that lack of government support and resources as well as a lack of access to finance, expertise and background knowledge are all impacting on Irish business owners’ exporting capability.

Of those businesses surveyed, in comparison with 2012 there has been a greater emphasis on the need for government to provide the support required to consider entering overseas markets.

  • 78% claim on the ground support and assistance with practicalities in the target export market would help encourage overseas opportunities;
  • Similarly, 72% cite more government support with bursaries to encourage trading would encourage interest in export markets;
  • 69% said that support from government bodies to help evaluate prospects would help encourage trading overseas;
  •  And 62% also claim more information from government or other bodies on trading outside the EU is important.

Graham Byrne, Chief Commercial Officer, Bibby Financial Services Europe said, “We are calling on the government to take action and focus on initiatives to help our SMEs which are so crucial to the economy to expand and grow into new markets.

“According to the survey results there is an indication that business recovery is underway with a much greater interest from businesses to consider moving into export markets and with a significant number already trading within the EU countries.

Bibby Financial Services Report 2013


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