High business costs and lack of credit damaging firms, survey finds

FIRMS are seeing an increase in the cost of doing business, with many still saying they are struggling to get funding.

Where businesses had tried to access new or revised credit facilities, two thirds of respondents in a survey said this had been difficult.

The survey, from the Accounting Technicians Ireland, found that 44%, almost twice as many as 2010, reported an increase in business costs this year.