Enterprise Ireland chief sees small firms thriving amid tech slowdown

Leo Clancy made his remarks at the 41st UCC Commerce Society Conference

Leo Clancy, CEO of Enterprise Ireland, speaking at the 41st annual UCC Commerce Society conference on the theme of 'Success in an ever changing business environment' at The Kingsley Hotel, Cork. Picture: Larry Cummins

Enterprise Ireland CEO Leo Clancy insisted that small firms can thrive in the current volatile economic environment while multinationals, such as large tech firms, have slimmed down due to headwinds.

Mr Clancy’s optimism about the future of SMEs was followed by reassurance that Ireland’s tech sector remains resilient, despite many firms slashing staff numbers across the globe due to inflation and interest-rate hikes.