The Department of Business, Enterprise and Innovation, the Government of Ireland, through Enterprise Ireland, and the European Investment Fund (EIF) have signed an agreement to double the size of the existing European Angels Fund Ireland (EAF Ireland) to €40 million. The European Angels Fund Ireland co-invests alongside approved Business Angels in Irish-based internationally trading SMEs and […]
Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry […]
According to new SME research conducted by Bank of Ireland and Red C, 78% of Irish SMEs are confident in their ability to borrow if additional capital is required over the next twelve months, and almost one quarter (23%) already intend to borrow in the coming year. Just over one in three (34%) SMEs identified no […]
Crucial future investment to improve Ireland’s competitiveness will be strengthened by assessment of international best-practice in two key policy areas. EIB (European Investment Bank) advisory experts will identify ways to ensure more effective funding to support research and innovation in Ireland and to accelerate digitalisation by Irish small businesses.
The two new advisory programmes have been […]
The second annual Skillnet Ireland SME Research Conference took place recently in Dublin. Hosted by Skillnet Ireland in partnership with the College of Business in Dublin Institute of Technology (DIT), the annual conference seeks to strengthen the Irish SME sector through the adoption of the latest evidence-based research.
The conference heard contributions from leading business academics […]
Lidl is championing local suppliers with the roll-out of their Kick Start Supplier Development Programme aimed at giving food and drink companies in Northern Ireland the chance to have their products stocked in 190+ Lidl stores across the island of Ireland.
Kick Start is designed specifically to provide small and medium-sized suppliers with the support they […]
TechConnect Live, Ireland’s largest technology event, is expected to attract over 3,000 visitors from across the Irish and international tech sector to the RDS, Dublin on 30th of May 2018. TechConnect Live provides a unique forum for technology companies, start-ups, investors and the largest Irish and global end users of technology and services in order […]
Sage, a market leader in cloud accounting software, has revealed that Irish SMEs lose up to €2.2 billion annually in productivity due to burdensome administrative tasks.
The report, ‘Sweating the Small Stuff: the impact of the bureaucracy burden’, undertaken by Plum Consulting, shows businesses in Ireland spend an average of 70 working-days per year navigating the […]
The Government has launched Enterprise 2025 Renewed and the Action Plan for Jobs 2018. The Action Plan for Jobs 2018 is the 7th cross-Government annual plan to support job creation, while Enterprise 2025 Renewed is a review of Ireland’s longer term enterprise strategy.
Speaking at the launch, Minister for Business, Enterprise and Innovation Heather Humphreys TD stressed the importance of joined-up thinking when it comes to […]
The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found that while 75% of SMEs expect to be impacted by Brexit over the next 18 months, only 16% have a formal Brexit contingency plan.
The Behaviours & Attitudes (B&A) survey, which was conducted last autumn, asked […]
ISME, the Irish SME Association has published the results of its General Data Protection Regulations survey (GDPR). The report gives a breakdown of GDPR compliance among SMEs and the actions taken to date on GDPR compliance. The survey focused on knowledge, compliance and actions to be taken in light of GDPR.
The General Data Protection Regulation […]
The European Commission has approved under EU State aid rules an Irish scheme to reduce the taxation of employee share options for SMEs. The scheme will allow small and medium-sized companies to recruit and retain employees without unduly distorting competition in the Single Market.
Under the Irish support scheme, employees of small and medium-size companies (SMEs) […]
The European Commission has found a €10 million Irish aid scheme to facilitate the restructuring of SMEs in Ireland, to be in line with EU State aid rules. The scheme will help SMEs in financial difficulty restore their competitiveness, whilst preserving competition in the EU’s Single Market.
Commissioner Margrethe Vestager (pictured), in charge of competition policy, said: “Small […]
Companies across Ireland are expected to benefit from cheaper financing following a new €200 million initiative agreed by the European Investment Bank and DLL, a global vendor finance company and 100% subsidiary of Rabobank. The new scheme will strengthen leasing and financing for SMEs and mid-cap companies active in agri-business and the food industry, construction, […]
Invest Northern Ireland has appointed managers for a new £50 million fund which will generate investment into high potential Northern Ireland companies. Clarendon Fund Managers Limited (CFM) has been appointed to manage the Co-Fund NI II which aims to stimulate more private investment in NI companies that demonstrate high growth potential and have innovative and export […]
An overwhelming 97% of Irish SME’s are planning to invest in their businesses in the next 12 months, according to the latest Global Business Monitor published by Bibby Financial Services Ireland, a provider of financial support and funding solutions to Irish SME’s.
Irish SME’s have signalled that such investment will focus on up-skilling existing staff (77%), sales and marketing (63%), IT […]
Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen has issued a second call for up to 10 new Small Business Innovation Research (SBIR) Ireland Competitive Challenges at a recent conference in Enterprise Ireland.
This year, Enterprise Ireland has successfully managed the launch of seven SBIR Challenges, including a […]
The Minister for Culture, Heritage, and the Gaeltacht, Heather Humphreys, has launched the Co-Innovate programme in Monaghan, along with Permanent Secretary of the Department for the Economy, Dr Andrew McCormick.
Co-Innovate aims to increase the numbers of small and medium enterprises (SMEs) involved in research and innovation across the border region of Ireland (Cavan, Donegal, Leitrim, […]
John Halligan, Minister of State for Training, Skills & Innovation has congratulated ENBIO, an Irish SME with facilities in Dublin and Clonmel, Tipperary on winning €1.52 million from the European Commission to develop a green alternative to the toxic chemicals necessary to coat metals.
Their work will be focused initially on the space sector but has […]
The SFA National Small Business Awards 2018 have been officially launched by Awards Patron, An Taoiseach, Leo Varadkar. The aim of the awards is to celebrate the achievements of small business in Ireland and to recognise the vital contribution of the small business community to the Irish economy.
Small firms (employing less than 50 people) have from […]
Iarnród Éireann Chief Executive, David Franks was joined by Enterprise Ireland’s Executive Director of Global Business Development, Kevin Sherry at Amiens St. bridge recently to mark the invitation for tenders for bridge warning, prevention and pre emptive systems/technologies for Iarnród Éireann.
This tender process was designed jointly by Iarnród Éireann and Enterprise Ireland through Small Business […]
Launching the SFA’s pre-Budget 2018 submission, Sue O’Neill, SFA Chair, said: “Continued economic growth cannot be taken for granted. If our country is to prosper over the coming years, it is vital to create an environment supportive of small business. Small businesses have been major contributors to growth, job creation and regional economic recovery and will continue […]
Cork Chamber’s second quarterly economic trends survey of 2017 has been published at a time of unprecedented opportunity for the region and for Ireland. In reviewing activity over the closing months of April, May and June, the trends survey highlights the steadfast confidence present amongst the Cork business community.
Cork Chamber CEO, Conor Healy, in commenting […]
Irish start-up StudyBundles has developed an app that helps CAO applicants connect with third-level institutions while they are deciding which college to attend. The CampusConnect app benefits students as they become immersed in college life before they step foot on campus, making the transition easier. For colleges and universities it helps them to convert student […]
The latest quarterly (April – June 2017) InterTradeIreland Business Monitor Report, shows that, despite the UK voting to leave the EU 12 months ago, the proportion of companies with a plan in place to deal with the potential outcomes of Brexit has remained static at 2 per cent. Alarmingly, this figure only increases to three […]
According to the latest Central Bank SME Market Report for the first half of 2017, the SME lending market remains highly concentrated, despite continued reduction in the bank concentration of new lending flows. The market share of the three main lenders in new lending flows is currently 82%.
The report also provides information on credit demand, […]
Crowe Horwath has partnered with Dublin Chamber to create the ‘Pinnacle Programme’, an initiative targeted at businesses with a turnover of at least €1 million and employing 10 or more staff.
The programme aims to support the leaders and owners of Irish SMEs in building lasting value in their businesses ensuring they achieve their full potential. […]
ISME, the Irish Small and Medium Enterprises Association, has called on the three employer representatives on the Low Pay Commission to resign from it. According to the Association, it fully supports the points raised by them in their dissenting opinion to the Commission’s recommendation. However, since the LPC has departed from its terms of reference […]
New data released to mark the end of the second quarter of 2017 has shown a sharp increase in jobs protected in examinership cases as businesses in Ireland face increasing uncertainty. The latest Baker Tilly Hughes Blake Examinership Index revealed that 112 jobs were saved through the examinership corporate recovery mechanism in the second quarter […]
According to Ibec, the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada was essential for increasing market access and investment opportunities for Irish businesses. Speaking ahead of a meeting with Canadian Prime Minister Justin Trudeau in Dublin yesterday, Ibec CEO Danny McCoy stated: “To date, Ireland has benefitted greatly from trade relations with […]
At the National Economic Dialogue in Dublin Castle, the Small Firms Association has (SFA) called on Government to introduce measures in Budget 2018 to encourage entrepreneurship and business formation.
Linda Barry, SFA Acting Director, stated: “We need entrepreneurs and owner-managers to create jobs, drive innovation and boost the vibrancy of our regions. Yet government policy continues […]
On the 29th of June, The Global Situation Room and Enterprise Ireland are holding an event in Dublin where businesses can connect directly with local and regional representatives from across the USA and hear from Irish companies who are successfully exporting stateside. Partners include StartUp Ireland, Tech Ireland, the Small Firms Association, Irish Exporters Association.
The intention of the […]
Dublin Airport and Enterprise Ireland, have launched a competition for firms to research and develop potential new solutions to address the challenges of wildlife activity on the airfield at Dublin Airport. Through the Small Business Innovation Research (SBIR) open tender initiative, applicants are encouraged to look at the use of smart, low cost and innovative […]
Ibec has launched a comprehensive set of proposals to progress EU-UK negotiations and limit the negative impact of Brexit on business and the wider economy. In advance of the launch of “Brexit: Challenges with solutions” in Ibec Head Office, Ibec CEO Danny McCoy said the surprise UK election result offered a fresh opportunity for the […]
The Small Firms Association (SFA) today released new data on the finance and investment priorities of small firms. Launching the new data, SFA Chair, Sue O’Neill, stated: “It is very positive to see that 51% of SFA members are growing and 72% intend to invest in their business over the coming year. This is up […]
As part of a nationwide Brexit roadshow, Enterprise Ireland hosted a ‘Prepare for Brexit’ forum at Studio 1 of the WIT Arena in Waterford. Part of Enterprise Ireland’s #PrepareforBrexit campaign, the Waterford event features speakers from SMEs, large companies and innovative start-ups, including Joe Connolly, CEO, Connolly Red Mills, Robert Byrne, Sales Director, Burnside Eurocyl […]
A dedicated InterTradeIreland advice service aimed at helping SMEs navigate the challenges of Brexit has been launched. Businesses will be able to access a raft of supports from the Brexit Advisory Service including Brexit Readiness Vouchers which they can use to fund bespoke advice up to the value of €1000; free Brexit briefing events; information […]