‘Too few firms applying for finance’

Too few companies are applying for finance or exploiting innovation, a new study by cross-border trade body, InterTrade Ireland has found.

‘Too few firms applying for finance’

The latest business monitor from the Newry-headquartered organisation shows a mixed bag of results; with 70% of firms admitting to not having developed any new products or services in the past three years; instead spending their money and time on a mix of cost-cutting and sales growth, rather than product development.

It also found that only just over two in every 10 companies are tending to apply for new financing; however, it did note that of those who are, few are reporting that they are unsuccessful in their applications. The main problem, in this regard, seems to be a lack of awareness of available support schemes from state agencies.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited