Small businesses need benchmarking on costs and credit, says ISME

ISME has called for an immediate benchmarking of costs for SMEs, saying that the National Competitiveness Council needs to investigate the matter.

Addressing delegates at the organisation’s annual conference in Dublin, yesterday, ISME chairman, John Ryan said that global economic uncertainty on top of lack of access to credit, high Government-levied operational costs and companies not getting paid on time are “suffocating innovation in business, stopping investment and forcing companies to contract”.

“These issues need to be tackled immediately to ensure Irish business owners and employers continue to take the risk of operating a business in Ireland,” Mr Ryan said.