Call for business support efficiency

Chambers Ireland has called for a tightening of supports for SMEs and entrepreneurs via tax reliefs, the implementation of a cash accounting system and better promotion of initiatives such as the Seed Capital Programme and recently launched schemes such as the Credit Guarantee Scheme and the Micro-finance Fund.

Appearing before the Joint Oireachtas Committee on Jobs, Enterprise, and Innovation yesterday, on the subject of creating a sustainable environment for job creation, Chambers chief executive Ian Talbot said businesses must be encouraged to use the services on offer from the Microfinance Fund and Credit Guarantee Scheme.

“A perception persists that many businesses will be rejected when they apply for credit,” said Mr Talbot. “This perception must be challenged. Businesses must be encouraged to apply to the banks, appeal through the Credit Review Office, and use the credit schemes as a final resort.”