Almost nine in 10 small- and medium-sized companies feel the Government should be accouterment them with added support, according to new research.
This abutment should appear in the anatomy of tax breaks, a lower VAT rate, added funding, subsidised agents training and added abetment to advice their aggregation grow, the abstraction finds.
The research, which covers interviews with 200 businesses, reveals that 80 per cent of companies surveyed plan to beforehand in their business over the aing three months, with best intending to access spending in areas such as training and development, IT and recruitment.
However, it additionally shows that abounding SMEs are afraid about beforehand appropriate now due to apropos over Brexit.
According to the Bibby Financial Services study, 20 per cent of companies surveyed said the United Kingdom’s abandonment from the European Union is the better claiming they currently face. Added challenges cited accommodate added antagonism from added businesses, backward payments from customers, a abridgement of accomplished staff, and ascent costs.
More than bisected of Irish SMEs are planning to booty accomplish in beforehand of Brexit, with 38 per cent actively exploring new markets. Some 26 per cent of companies are alive to alter their business, while 24 per cent are accepting their banknote breeze in order.
The actual respondents said they accept no affairs to change their business action advanced of the March 2019 Brexit deadline.
The analysis shows bisected of SMEs saw sales abound in the third division while 65 per cent apprehend to see their sales access over the final three months of the year.
“Our analysis shows abounding absolute bread-and-er indicators and it’s actual auspicious to see Irish SMEs beforehand in advance and development again. Despite apropos about the knock-on aftereffect of Brexit, there are some effective efforts demography abode aural Irish business, which indicates aplomb and a advantageous abridgement for the of 2018,” said Mark O’ Rourke, arch of business at Bibby Financial Services Ireland.
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