The Irish Small & Medium Enterprises Association (ISME) today described the Programme for Government agreed by the new administration as a "mixed bag" but said it represented a starting point in introducing measures to assist the enterprise sector.
The association said the decisions to reduce employers PRSI and VAT on services and abolish the travel tax were all "steps in the right direction".
"However, the move to reverse the recently announced minimum wage reduction is nonsensical and sends out the wrong message internationally, with regard to the control of our cost base," a statement said.
The Association welcomed the decisions to ensure an adequate pool of credit for SMEs and the setting up of a strategic investment bank, which should assist in this.
"Overall, however, the programme is only a slightly modified version of the previous administration’s four year plan, lacking the spark of innovation and leaving a significant gap with regard to the concerns and requirements of SMEs," said ISME Chief Executive Mark Fielding.