Three grants amounting to €7 million have been successfully secured by three Irish companies in the most recent round of Horizon 2020 SME Instrument funding which received 1280 applications from all over Europe.
The overall volume of loans taken out by Irish SMEs continues to fall into its seventh year as interest rates they are charged on their new loans remain the highest in Europexx and are more expensive than the charges faced on existing loans.
Small business lobby group Isme has slammed the level of bank lending to SMEs as “concerning” and “disappointing” after revealing the loan refusal rate has jumped from 23% to 28% of applications during the second quarter of the year.
In this week’s column, Kehlan Kirwan writes on Silicon Valley and VCs and asks whether startups will lose out if the appetite for risk-taking continues to fade. There are signs some companies are getting bigger slices of the pie.
Irish e-commerce software company Scurri is looking to establish a dedicated UK team and add roles at its London office that otherwise would have been earmarked for Ireland as it considers its future after the UK’s decision to leave the EU.