Equity finance ‘key to SMEs’ future’

Small firms need to make far greater use of equity financing to offset lower levels of bank lending and grow their business.

That’s according to the Small Firms Association (SFA) chairman, AJ Noonan, who added that enhancing equity finance and investment in small firms is key to Ireland’s future success.

Mr Noonan said that a wider range of funding options was required for businesses to prosper, and highlighted a lack of awareness as a potential reason as to why equity financing is under-utilised in the Irish economy.