1 in 3 small firms 'could run out of liquidity within six months' without extra funding

Average business costs have risen 16.6%, Small Firms Association research shows, while the majority of SME respondents say wages contributed to rising costs, as lingering inflation squeezes households

There is a 'clear and present threat to the viability of small businesses', said the SFA. File picture

A small firms representative group has reiterated concerns about SME liquidity this year, despite the Government introducing a package of support measures in recent weeks.

The Small Firms Association (SFA), an arm of lobby group Ibec, claimed that one in three small businesses could run out of liquidity within six months without additional funding.