State bank will aid ‘20k new jobs’
Mr Noonan said that the right policies will unleash a wave of job creation as small businesses benefit from the fragile growth in the broader economy. “Ireland’s small business sector is deeply embedded in the Irish economy; it is now time to put jobs and small business at the centre of everything,” said Mr Noonan. “With the right environment small businesses in Ireland will generate 20,000 jobs.”
One of the key problems still facing small businesses is access to credit. The banking sector in Ireland lost two banks this year, with ACC and Danske Bank closing for new business in Ireland. Mr Noonan said that any further shocks to the system could derail the economic recovery.
