Industry & Business

SMEs

InvoiceFair to Co-Host Seminar on Working Capital Funding For SME Growth in Shannon

    InvoiceFair to Co-Host Seminar on Working Capital Funding For SME Growth in Shannon

InvoiceFair, which provides SMEs with alternative working capital funding options through its marketplace platform, is co-hosting a finance seminar for SMEs in Shannon, County Clare. The seminar, co-hosted with Shannon Chamber and Grant Thornton, is designed for companies that need to fund purchase orders, contracts, statement of works, or for companies that need to be […]

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Corporate Culture a Turn-off For Irish Workers

    Corporate Culture a Turn-off For Irish Workers

New research commissioned by One4all has found that start-ups and SMEs are the workplace of choice for a large majority of Irish workers. Smaller companies in Ireland are perceived to be better in a number of key areas, notably in providing better opportunities for career development, making friends, and having the best company culture.
The research […]

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Independent Craft Brewers of Ireland Call On Government to Retain Excise Relief

    Independent Craft Brewers of Ireland Call On Government to Retain Excise Relief

The Independent Craft Brewers of Ireland (ICBI), representing 34 small independent craft breweries, have asked Minister for Finance, Paschal Donohoe TD, to maintain the current 50% excise relief on Alcohol Products Tax, which is applicable to microbreweries, in advance of his Budget 2020 plans. The ICBI have just submitted their pre-budget submission to the Department […]

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Major New SME Policy

    Major New SME Policy

The Government is developing a major new policy on SMEs and entrepreneurship under Future Jobs Ireland, the new plan to prepare the economy, businesses and workers for the future. A draft roadmap for SME and entrepreneurship policy has been prepared by the OECD for the Department of Business, Enterprise and Innovation. The draft was informed by extensive […]

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Bibby Financial Services Ireland and SBCI Launch New Trade Finance Product

    Bibby Financial Services Ireland and SBCI Launch New Trade Finance Product

A new Trade Finance product that allows businesses to buy, receive and sell goods before needing to pay for them has been unveiled by Bibby Financial Services Ireland, a leading provider of financial support and funding solutions to SMEs, in collaboration with the Strategic Banking Corporation of Ireland (SBCI). The new product is ideally suited […]

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Bibby Financial Services Ireland Opens Cork Office

    Bibby Financial Services Ireland Opens Cork Office

To facilitate an increase in business in the Munster region, Bibby Financial Services Ireland (BFSI), a leading provider of financial support and funding solutions to Irish SMEs, has opened its new Cork office.
The new office, located at Unit 10, South Bank, Crosse’s Green in Cork city centre will be led by recently-appointed Head of Sales […]

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Skillnet Ireland Launches New Network For Small Firms Sector

    Skillnet Ireland Launches New Network For Small Firms Sector

Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland, has launched six new networks to address the growing skills needs in the film, television, retail, health and fitness sectors. The six new networks are SFA Skillnet, Screen Skillnet, Leisure, Health & Fitness Skillnet, Fingal Dublin Chamber Skillnet, Dundalk Chamber Skillnet and CSNA Skillnet. 
SFA […]

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Support For Ireland’s Ambition to Increase the Number of Companies Exporting to the Eurozone

    Support For Ireland’s Ambition to Increase the Number of Companies Exporting to the Eurozone

Google has launched a new Grow with Google programme in Ireland which will see the company train more than 8,000 SMEs through workshops across Ireland and through partnerships with State agencies. Grow with Google is a global initiative that builds on the company’s efforts of training people and businesses to acquire the right digital skills to […]

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Skillnet Ireland Joins European DIGITAL SME Alliance

    Skillnet Ireland Joins European DIGITAL SME Alliance

Skillnet Ireland is the newest member of the European DIGITAL SME Alliance. The European DIGITAL SME Alliance is the largest network of ICT small and medium sized enterprises in Europe and represents about 20,000 digital SMEs across the EU.
This alliance represents 28 national and regional SME associations where members share knowledge, research and perspectives to […]

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Grants For SMEs to Save Up to 60% on Lighting Energy Costs

    Grants For SMEs to Save Up to 60% on Lighting Energy Costs

The Government has announced €2 million funding for small and medium-sized businesses to invest in energy efficient lighting. The grant, administered by the Sustainable Energy Authority of Ireland (SEAI), will cover 30% of the cost of upgrade work and can help save up to 60% on lighting costs.
The grant is open to all small and […]

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Government Launches €300 Million Future Growth Loan Scheme For SMEs and Farmers

    Government Launches €300 Million Future Growth Loan Scheme For SMEs and Farmers

The Government has launched the Future Growth Loan Scheme to allow for the roll out of €300 million in funding to eligible Irish SMEs including farmers. Businesses will be able to apply for loan eligibility through the SBCI from 17th April. Three finance providers – AIB, Bank of Ireland and KBC – have agreed to participate in […]

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European Investment Bank Report Highlights Digitalisation Benefits For Irish SMEs

    European Investment Bank Report Highlights Digitalisation Benefits For Irish SMEs

The Government has formally accepted a report entitled ‘The Digitalisation of small and medium enterprises in Ireland’ from Andrew McDowell, Vice President of the European Investment Bank. The report, a collaborative project between the Advisory Hub of the European Investment Bank and the Department of Business Enterprise and Innovation, investigates how to increase digital technology diffusion among […]

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52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

    52% of SMEs in ROI and 56% in NI Have Yet to Begin Brexit Planning

The AIB Brexit Sentiment Index for Q4 2018 reveals that 35% of SMEs in the Republic of Ireland (ROI) and 40% in Northern Ireland (NI) that had planned to expand or invest in their business have either cancelled or postponed investment plans due to Brexit. In line with this, 68% of SMEs in ROI believe […]

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Over €75 Million For 27 Groundbreaking Projects Under Disruptive Technologies Innovation Fund

    Over €75 Million For 27 Groundbreaking Projects Under Disruptive Technologies Innovation Fund

The Government has unveiled the 27 innovative projects who are sharing over €75 million in funding out to 2021 under the first tranche of the Disruptive Technologies Innovation Fund. They include a scheme to help communities generate their own electricity, new treatments for sepsis, a support system for coastal flooding and advanced 3D printing of medical […]

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European Investment Fund and Enterprise Ireland Double Business Angels Fund to €40 Million

    European Investment Fund and Enterprise Ireland Double Business Angels Fund to €40 Million

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 […]

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Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts

    Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts

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 […]

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78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

    78% of Irish SMEs Feel Confident About Borrowing as They Look to Expand in 2019

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 […]

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Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

    Digitalisation of Irish SMEs and National Research Investment to Benefit From European Best-practice

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 […]

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What are the Pillars of SME Success? Diversity, Leadership, Strategy and The Team

    What are the Pillars of SME Success? Diversity, Leadership, Strategy and The Team

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 […]

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Food and Drink Suppliers in Northern Ireland Get A ‘Kick Start’ From Lidl

    Food and Drink Suppliers in Northern Ireland Get A ‘Kick Start’ From Lidl

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 […]

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TechConnect Live – RDS, Dublin – May 30th, 2018

    TechConnect Live – RDS, Dublin – May 30th, 2018

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 […]

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Research Reveals SMEs Lose €2.2 Billion a Year in Productivity Due to Administration

    Research Reveals SMEs Lose €2.2 Billion a Year in Productivity Due to Administration

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 […]

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Government Remains Committed to Getting an Extra 100,000 People at Work by End of 2020

    Government Remains Committed to Getting an Extra 100,000 People at Work by End of 2020

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 […]

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Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

    Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

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 […]

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Business Unprepared For GDPR

    Business Unprepared For GDPR

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 […]

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Approval For Irish Support Scheme For SMEs

    Approval For Irish Support Scheme For SMEs

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) […]

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Irish Support Scheme For SMEs in Difficulty

    Irish Support Scheme For SMEs in Difficulty

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 […]

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European Investment Bank and DLL Confirm €200 Million Support For Irish Business Investment

    European Investment Bank and DLL Confirm €200 Million Support For Irish Business Investment

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, […]

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New Co-Fund Announced With £50 Million to Invest in Northern Ireland SMEs

    New Co-Fund Announced With £50 Million to Invest in Northern Ireland SMEs

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 […]

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97% of Irish SME’s planning to invest over next 12 months

    97% of Irish SME’s planning to invest over next 12 months

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 […]

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Minister Breen issues call for Competitive Challenges at SBIR Ireland Proposers Conference

    Minister Breen issues call for Competitive Challenges at SBIR Ireland Proposers Conference

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 […]

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Departments launch Co-Innovate programme

    Departments launch Co-Innovate programme

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, […]

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Minister Halligan congratulates ENBIO on €1.5m win from Horizon 2020

    Minister Halligan congratulates ENBIO on €1.5m win from Horizon 2020

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 […]

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An Taoiseach Launches SFA National Small Business Awards 2018

    An Taoiseach Launches SFA National Small Business Awards 2018

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 […]

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Iarnród Éireann to seek innovative solution to prevent bridge strikes

    Iarnród Éireann to seek innovative solution to prevent bridge strikes

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 […]

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Economic growth cannot be taken for granted – SFA

    Economic growth cannot be taken for granted – SFA

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 […]

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Confidence abounds amongst Cork business community

    Confidence abounds amongst Cork business community

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 […]

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Irish SME develops app to help students connect with colleges

    Irish SME develops app to help students connect with colleges

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 […]

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Companies not taking advantage of stable environment to plan for Brexit

    Companies not taking advantage of stable environment to plan for Brexit

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 […]

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SME lending market remains highly concentrated

    SME lending market remains highly concentrated

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, […]

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New initiative for Irish SMEs

    New initiative for Irish SMEs

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. […]

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ISME calls on employer representatives on the LPC to resign

    ISME calls on employer representatives on the LPC to resign

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 […]

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Sharp increase in jobs saved through examinership

    Sharp increase in jobs saved through examinership

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 […]

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CETA will provide trade opportunities for Irish business

    CETA will provide trade opportunities for Irish business

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 […]

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Entrepreneurs need level playing field to generate jobs, innovation and regional growth

    Entrepreneurs need level playing field to generate jobs, innovation and regional growth

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 […]

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Irish businesses – connect with local and regional US representatives at E3 event

    Irish businesses – connect with local and regional US representatives at E3 event

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 […]

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Dublin Airport and Enterprise Ireland launch tender competition

    Dublin Airport and Enterprise Ireland launch tender competition

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 […]

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Brexit: Challenges with solutions

    Brexit: Challenges with solutions

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 […]

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Investment in small firms increasing despite Brexit concerns

    Investment in small firms increasing despite Brexit concerns

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 […]

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“Prepare for Brexit” roadshow launches in Waterford

    “Prepare for Brexit” roadshow launches in Waterford

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 […]

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InterTradeIreland launches Brexit Advisory Service

    InterTradeIreland launches Brexit Advisory Service

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 […]

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