Industry & Business

Investment in small firms increasing despite Brexit concerns

 Breaking News
  • SEAI and OPW Partner on Energy Saving Pilot Programme The Sustainable Energy Authority of Ireland (SEAI) is working in partnership with the Office of Public Works (OPW) to help make government buildings more energy and cost efficient with the added benefit of making them warmer and healthier places to work. The Central Government Building Upgrade Fund, funded by SEAI and administered by the OPW, [...]...
  • British Institute of Facilities Management Ireland Region Awards Launched The search is on for top facilities management talent across Ireland as the British Institute of Facilities Management (BIFM) Ireland region launches this year’s BIFM Ireland Region Awards. The prestigious awards will be celebrated at the industry body’s 21st annual FM Summit which returns to the newly refurbished National Stadium at Windsor Park in Belfast [...]...
  • Keelings Raises Over €15,000 For Dyslexia Association of Ireland Keelings, Ireland’s leading producer and supplier of fresh fruit, has raised €15,556.50 for Dyslexia Association Ireland. Founded in 1972, the Dyslexia Association of Ireland works with people affected by dyslexia, by providing information, offering appropriate support services, engaging in advocacy, and raising awareness of dyslexia. Dyslexia is a learning difficulty, which affects the capacity for fluent and [...]...
  • New Directors Steer MaREI’s Vision For Ireland as Energy Leader MaREI, Ireland’s national centre for marine and renewable energy research and development, has appointed UCC professors Brian Ó Gallachóir and Jerry Murphy as its new co-directors, after the Citizens’ Assembly recently turned its attention to tackling climate change. The Assembly’s efforts align with MaREI’s vision to make Ireland a global leader in marine and renewable energy [...]...
  • ABP Food Group in £22 Million Renewable Energy Project A £22 million investment by ABP Food Group’s renewable division in a green energy plant in the UK will produce enough sustainable energy to power the equivalent of 12,000 homes.  ABP’s renewables division, Olleco, has just opened the new 15 MW Anaerobic Digestion facility in Aylesbury, Buckinghamshire. The ABP Food Group facility is located adjacent to [...]...

Investment in small firms increasing despite Brexit concerns

Investment in small firms increasing despite Brexit concerns
June 19
09:00 2017

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 from 65% six months ago, demonstrating a clear sign of growing confidence in the small business sector and that firms are now realising the importance of Brexit-proofing their business. Priorities for investment include brand development (21%), staff (19%)  IT (18%),and market diversification (11%).

“It is striking to note that the intention to invest is not accompanied by widespread plans by small firms to access available credit, with only 7.9% of those surveyed saying that their current financing priority was new borrowing. Our survey results indicate that businesses are restricting their growth ambitions to what they can finance from retained earnings or personal savings which is a cause for some concern.

“The sources of finance available to businesses have never been so diverse. There is a product out there to suit almost every business– the challenge now for small firms is to understand the different finance options available to them and identify the right mix of bank and non-bank finance for their individual business.”

After investment, paying down debts emerged as the top financial priority for SFA members at 25%, rising to 30% in the wholesale, retail and distribution sector. 21% said that they are currently focused on saving.

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4