ISME wants more grants instead of debt-based solutions

Shoppers on Corik's Winthrop Street. ISME said many small and medium businesses will struggle to settle outstanding debt bevcause of lost and restricted trading. File picture: Dan Linehan

More grant assistance instead of debt-based solutions are needed for small and medium-sized businesses.

Business group ISME lodged their pre-budget submission saying small and medium businesses in the country on average €76,000 of outstanding business debt that many will struggle to settle because of lost trade and restricted trading in 2020 and 2021.